Gate Layer On-Chain Addresses Surpass 23 Million After New App Launches

Gate Layer’s ecosystem experiences explosive growth, with a 95.7% surge in on-chain addresses, driven by the introduction of Gate Fun and Gate Perp DEX, enhancing multi-chain interoperability and cost-efficient transfers.

ETH

MATIC

187d ago

Summary

Gate Layer's on-chain addresses have soared past 45 million following a 95.7% increase in just 24 hours. This growth is attributed to the successful launch of Gate Fun and Gate Perp DEX, which contribute to the Layer 2 platform’s ability to offer efficient, low-cost cross-chain transfers with Ethereum, BSC, and Polygon, leveraging LayerZero for enhanced interoperability.

Terms & Concepts

Layer 2 Network: A secondary framework built on top of a blockchain to improve scalability, speed, and cost efficiency for transactions.
Cross-Chain Transfers: The process of moving digital assets or data between different blockchain networks without intermediaries.
LayerZero: A protocol that facilitates multi-chain interoperability, enabling seamless communication and transfers between different blockchain networks.