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2h ago

Gate Launches OP Stack Layer 2 Gate Layer, Makes GT the Exclusive Gas Token

The exchange is using the launch to make GT the sole gas token, backed by a continuing dual-burn model.

Gate unveils layer 2 network and tokenomics overhaul for gt token
gate layer 2 network
Gate unveils layer 2 network and GT tokenomics upgrade

Overview

  • The new EVM-compatible network is built on the OP Stack and anchored to GateChain, with company-reported 1-second blocks and 5,700+ TPS.
  • GT is now required for every on-chain action on Gate Layer, including transactions, smart contract deployments, and NFT mints.
  • Gate says more than 180 million GT, over 60% of the initial supply, have been burned through scheduled buybacks and EIP-1559 base-fee burns.
  • LayerZero integration enables asset transfers across Ethereum, Polygon, BNB Chain, and Solana, while GateChain upgraded to v1.20 adds EIP-4844 blob support.
  • Gate is launching Perp, Gate Fun, and Meme Go on the network, and it claims processing 1 million transfers costs under $30, pending independent verification.