#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
1confirmation founder: Many new ideas that drive the development of the encryption field started with Ethereum
Odaily Planet Daily News: Nick Tomaino, the founder of 1confirmation, wrote on X platform that the future of Ethereum lies in on-chain prediction markets, social web, DAO, identity protocols, AI agents, messaging applications, Non-fungible Tokens, Decentralized Finance applications, stablecoins, games, and more. Every major new idea that drives the development of encryption field begins with Ethereum. This has been the case for the past nine years. Many people in the community have been working here for a long time, experiencing many ups and downs, and not caring about narratives or tribal nonsense. We just want useful applications that bring cryptocurrency to more people.