PANews reported on September 29th that Gate announced the official launch of Gate Perp DEX, its independently developed decentralized perpetual contract exchange. Built on Gate Layer, a high-performance second-layer network, the platform is a key implementation of Gate's "All in Web3" strategy, aiming to provide users with a high-speed, transparent, and secure derivatives trading experience.

Gate Perp DEX features a built-in matching engine that supports high-concurrency and low-latency trading. Users only need to connect their wallet to open a position, truly achieving "connect and go." The platform is compatible with multiple blockchain networks, including Solana, Ethereum, BSC, and Base, and enables cross-chain communication through LayerZero.

The platform currently supports 447 markets, offering full/isolated, two-way/one-way positions, and diverse order books. Leverage of up to 125x is available on BTC and ETH markets. The order book model optimizes spreads and depth, delivering a professional experience similar to that of CEXs. Assets are managed through an on-chain ledger and audited contracts, ensuring security and transparency.

In addition, the public beta of Gate Perp DEX has been open since September 29th. Users can participate in rewards and competitions, and each person can receive up to 500 GT airdrops.