PANews reported on August 18th that Gate released its July transparency report, continuing its dual drive of ecosystem expansion and security evolution. Within the ecosystem, the wallet integrated popular on-chain applications such as Bidask, 1DEX, and Rhea Finance, and launched multi-faceted operational activities. Furthermore, Gate launched a VIP system refresh program, offering discounts of up to 75% on spot trading fees and multiple discounts for contracts, lending, and other services, further enriching user scenarios and platform services.
In terms of user value and security, Gate completed a quarterly burn of over 1.92 million GT in the second quarter, representing over 60% of the total tokens destroyed. The deflationary mechanism is steadily progressing, continuously strengthening token scarcity and ecosystem influence. Meanwhile, the total reserve size increased to $10.504 billion, with a total reserve ratio of 126.03%. Excess reserves increased by 10.66% month-over-month, maintaining its industry-leading position. Furthermore, as of the latest data released on August 8, 2025, the total value of Gate's reserves has further increased to $12.02 billion. Users can verify asset coverage at any time on the official website. Gate further strengthens market trust through a transparent, secure, and verifiable fund protection system.
