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Gate Launches Gate Perp DEX on Gate Layer with Multi-Chain Support

Gate introduces its self-developed decentralized perpetual contract exchange with multi-chain support, offering up to 125x leverage and launching public beta testing on September 29.

BTC
ETH
SOL

Summary

Gate has officially launched Gate Perp DEX, a decentralized perpetual contract exchange operating on its Layer-2 network, Gate Layer. The platform supports Solana, Ethereum, BSC, and Base through LayerZero cross-chain communication, featuring 447 markets, leverage up to 125x on BTC and ETH, and multiple margin modes. Public beta testing starts on September 29, with rewards and competitions offering up to 500 GT airdrops per participant.

Terms & Concepts
  • Layer-2 Network: A secondary framework or protocol built on top of a blockchain to increase transaction speed and scalability.
  • Perpetual Contract: A type of derivative in cryptocurrency trading that has no expiration date, allowing for continuous speculation on asset prices.
  • Cross-Chain Communication: The ability for different blockchain networks to interact and share data or assets through interoperability solutions like LayerZero.