#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
Founder of Permissionless Labs: Pipe Network is in private testing phase and will soon announce Testnet information
On September 21st, at the Solana 2024 Breakpoint conference, David Rhodus, founder of Permissionless Labs, stated that Pipe Network is in the private testing phase and will soon announce Testnet information. Users can join by running Pipe POP Node or using Pipe CDN.