GateChain Mainnet v20 Launches with Blob Transactions and EVM Upgrades

The upgrade adds EIP-4844 support, enhances EVM and RPC functions, and marks the start of DeFi-focused ecosystem expansion.

ETH

175d ago

Summary

Gate has completed the GateChain mainnet v20 upgrade, integrating Blob transactions compliant with Ethereum’s EIP-4844 standard, along with significant EVM and RPC enhancements. The project’s official Twitter account resumed activity after a three-year hiatus, indicating major upcoming developments. Verified sources confirmed plans for EVM-based on-chain ecosystem growth, including DeFi product integration. Additionally, GTSwap, a community-driven liquidity platform, was launched, enabling GT-based trading pairs and liquidity pools.

Terms & Concepts

EIP-4844: An Ethereum Improvement Proposal introducing proto-danksharding and Blob transactions to improve scalability and reduce transaction costs.
EVM (Ethereum Virtual Machine): A computation engine that executes smart contracts and runs applications on Ethereum-compatible blockchains.
Liquidity Pool: A collection of cryptocurrency funds locked in a smart contract to facilitate decentralized trading without relying on traditional market makers.