#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Scroll Creation: The current user experience of Layer 2 is too chaotic, to the extent that the number of real on-chain users is slightly decreasing.
BlockBeats News, on September 19th, BlockBeats reporters reported on the scene that Sandy Peng, co-founder of Scroll, spoke at the main venue of TOKEN2049 on the first day of the theme roundtable "The Argument for Ethereum and Layer 2 Solutions," stating: One of the core missions when we started the Scroll project was to provide a user experience that was as smooth as possible. Our idea is that everything about the chain and Wallet should be completely abstracted, and users should only see what they want from their mobile devices. Obviously, there is still a lot of work to be done before we reach our goal, and our roadmap has never changed. That's why we are very focused on the ultimate goal, and it's also an aspect we need to handle properly in order to achieve interoperability between different blockchains, all of which have clearly found product-market fit somewhere. The Layer 2 system can work together as a whole, and end users don't need to make any choices. Currently, I think the user experience has become so chaotic that the number of users who are truly active on-chain and operating is slightly decreasing. Yes, that's true.