Gate posts over $34.47 million in 24-hour net inflows

DefiLlama data showed Gate and Binance ranked as the top two centralized exchanges by 24-hour net capital inflows globally, according to PANews on Aug. 6.

Summary

Gate recorded more than $34.47 million in net inflows over 24 hours, putting it alongside Binance as one of the top two centralized exchanges (CEXs, crypto trading platforms run by companies) globally by 24-hour net capital inflows. The ranking was reported by PANews on Aug. 6 and cited data from DefiLlama, a crypto data tracker widely used to monitor exchange and DeFi activity.

Terms & Concepts
  • centralized exchanges: Crypto trading platforms operated by companies
  • net inflows: Funds entering a platform minus outflows
  • DefiLlama: Crypto data platform tracking exchange and DeFi activity