#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
Cardano founder reveals Hydra will be released within two weeks
Cardano founder Charles Hoskinson wrote in an announcement on August 2nd, "Are you ready to launch Hydra on Rare Evo?" This teaser was released ahead of the upcoming Rare Evo blockchain and cryptocurrency conference, scheduled to take place in Las Vegas, Nevada, two weeks later from August 15th to 17th. Hydra is a cornerstone of Cardano's strategy to enhance network performance. It aims to improve transaction speed by using State Channels (referred to as Hydra Heads) to facilitate off-chain transaction processing, while maintaining security measures of the Cardano main blockchain.