#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
Avail executives: The L2 solution of Ethereum (ETH) can compete with multiple high-throughput public chains.
Source: Cointelegraph Original text: "Avail Executive: Ethereum (ETH) L2 Solutions Comparable to Multiple High-Throughput Public Chains"
Ethereum scales through multiple L2 networks, each with its unique transaction processing speed and parameters, a practice that could give Ethereum an unlimited number of unique high-throughput chains, said Avail co-founder Anurag Arjun.
In an interview with Cointelegraph, Arjun acknowledged that Ethereum is fundamentally different from high-throughput competitors that adopt a monolithic architecture. However, Ethereum's choice to scale through numerous L2 solutions has given it an overlooked characteristic:
"The underappreciated beauty of this rollup-centric roadmap architecture is that it allows multiple teams to experiment with different execution environments and different block times."
This makes it possible for multiple high-throughput sidechains to emerge, rather than just a single architecture appearing on any monolithic Layer-1, Arjun added. However, Arjun warned that without true interoperability, switching between L2s will still be as complex as bridging assets between different blockchain ecosystems.
The viewpoint of the co-founder of Avail is contrary to that of many critics of Ethereum's L2 centric scaling approach, who argue that the network's scaling solutions will lead to liquidity fragmentation and ultimately erode the base layer. Critics of Ethereum believe that L2 is one of the main reasons for Ethereum's poor price performance over the past year.
Ethereum transaction fees drop to a five-year low
In April 2025, the transaction fees on the Ethereum Layer-1 network dropped to a five-year low, with an average transaction fee of about $0.16.
According to Brian Quinlivan, the market director of the on-chain analysis company Santiment, the decrease in transaction fees indicates a decline in demand at the fundamental layer, and investor interest in Ethereum is also waning.
Quinlivan wrote in his blog on April 16: "The significant decrease in transaction fees corresponds with a reduction in users sending Ethereum and interacting with smart contracts."
Executives from Santiment added that these smart contract interactions include trading in DeFi, digital collectibles (such as NFTs), and other areas of digital assets.
The decline in transaction fees on the Ethereum base layer and the decrease in retail investor interest have also led many institutional investors to cut their Ethereum allocations and release revised price predictions for the second-largest digital asset.
Related news: Crypto Biz: Cantor Fitzgerald lays out its crypto business, with Ethereum (ETF) fund inflows highlighting a significant shift in industry sentiment.