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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
PancakeSwap Surpasses Tether with $24.6M Fees Amid Downturn
Key Notes
PancakeSwap, a leading decentralized crypto exchange, saw a sudden rise in its trading activity and daily fees.
According to data from DefiLlama, PancakeSwap collected $24.6 million in fees over the past 24 hours, overtaking Tether and USDC’s $19.9 million and $6.4 million, respectively.
This is PancakeSwap’s second-largest daily fee after the $31.2 million on May 19, 2021.
Data shows that the BSC-based DEX made a revenue of $2.1 million over the past day and $51.6 million in the last 30 days.
PancakeSwap currently has a TVL of $1.75 billion, according to DefiLama data.
The Rush for AB
The recent bullish sentiment around the AB (AB) token acted as a key driver behind the rising trading volume on PancakeSwap. The Newton project rebranded to AB in February and has recorded a 116% rise over the past month.
According to data from CoinMarketCap, $3 billion of the $5 billion AB trading volume has been happening on PancakeSwap v3. The DEX is now leading the chart with a 24-hour volume of over $9 billion — PumpSwap and Uniswap v3 follow with $2.2 billion and $1.7 billion in trading volume.
Moreover, PancakeSwap announced one-click cross-chain swaps between BSC, Arbitrum, and Base on June 11.
This allows the users to swap tokens on different networks using the Across protocol’s cross-chain bridging capabilities.
Since the increased trading volume came due to the AB token trend, it’s unlikely that PancakeSwap would maintain its lead over Tether and Circle.
Its native token, PancakeSwap
CAKE $2.22
24h volatility: 2.1%
Market cap: $711.64 M
Vol. 24h: $74.28 M
, is down 1.75% to $2.22.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.