PANews reported on October 11 that the latest on-chain data showed that the amount of GT on-chain mining staked has reached 38,674,858.20, setting a historical high.

It is reported that the previous strategic upgrade of Gate further expanded the application scenarios and value of GT. With the official launch of the high-performance second-layer network Gate Layer and the subsequent launch of platforms such as the decentralized perpetual contract trading platform Gate Perp DEX, the on-chain launch platform Gate Fun, and the full-chain Meme coin real-time trading and monitoring platform Meme Go, as the sole gas token of Gate Layer, the on-chain demand for GT continues to increase as the ecosystem scales.