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2w ago

Gate Launches OP Stack–Based Layer 2 With GT as Exclusive Gas Token

Gate targets faster, cheaper on-chain activity by pairing OP Stack scaling with a GateChain EIP-4844 upgrade.

Gate unveils layer 2 network and tokenomics overhaul for gt token
gate layer 2 network
Gate unveils layer 2 network and GT tokenomics upgrade
Gate launches layer 2 network for web3 expansion

Overview

  • Gate Layer is live as an EVM-compatible network on the OP Stack that settles to GateChain, which has been upgraded to v1.20 with blob transactions under EIP-4844 and a Cancun-compatible EVM.
  • GT now powers all on-chain actions on Gate Layer as the sole gas token, with a dual deflationary policy that includes scheduled burns and EIP-1559 base-fee burns, exceeding 180 million GT removed to date.
  • Gate cites performance of more than 5,700 transactions per second with roughly one-second blocks and claims one million transfers would cost under $30.
  • LayerZero integration enables direct asset transfers across Ethereum, Polygon, BNB Chain, and Solana for cross-chain interoperability.
  • Gate introduced Perp, Gate Fun, and Meme Go at launch as part of its “All in Web3” push to expand from exchange operations to a full-stack Web3 ecosystem.