#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
Sophon raised over 60 million US dollars in project funding through Node sales
In 2024, modular blockchainSophon raised more than $60 million in project funding through a Node sale, according to Golden Finance. Sophon has processed more than 50 million transactions since its launch two months ago. The Sophon team adapted and expanded the Avail Light Client (LC) to play a key role in its Guardian program, rewarding Node operators for independently inspecting and validating the Sophon network.