🫵The Gate team is very diligent, they issued a new announcement this morning, which mainly concerns the Gate Layer 2 and the $GT Token usability upgrade.

In my opinion, the reason Gate launched L2 is also to follow the trend and prepare in advance for competition in the dex market:
Through this upgrade, Gate Layer has further reduced Gas fees, improved transaction speed, optimized user experience, and also increased the use cases for GT, strengthening the core ecological position of GT.
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💠According to the announcement legend, the upgraded Gate L2 has clear horizontal advantages compared to several of the most mainstream networks at present:
～ Block time compressed to 1 second, transaction processing capability (TPS) exceeds 5700 transactions per second—leading EVM competitors, second only to Solana;

～ Gas consumption as low as 30 USD per million — far ahead of several other competing chains.

~ In addition to speed and cost advantages, Gate Layer is fully EVM compatible - it fully supports the Ethereum toolchain, allowing developers to directly migrate DApps, and users do not need to change their usage habits;
～ And Gate Layer, by integrating the LayerZero cross-chain protocol, can support asset cross-chain transactions with mainstream public chains such as Ethereum, BSC, and Polygon, eliminating the need to transfer back and forth through centralized exchanges.
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The upgrade of 💠Gate Layer also provides more driving force for the utility and deflation of $GT .
～ $GT is the only on-chain Gas of Gate Layer - it is also the hub for cross-chain settlement, and GT has become a must-have product for on-chain activities;

～ At the same time, $GT has officially upgraded from a platform coin to the super fuel of the L2 ecosystem—currently, 180 million (, which exceeds 60% of the total amount, has been locked, and every transaction will automatically trigger a burn mechanism, which still benefits deflation.
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💠In conclusion, the future GT will only become more rare and precious, those who understand, understand! #Gate