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Gate Perp DEX Surpasses $503 Million in Trading Volume

The Layer-2 powered platform records over 542,000 trades and launches a competition rewarding users with up to 500 GT.

GT

Summary

Gate Perp DEX has achieved a cumulative trading volume of $503,646,890 with 542,631 trades completed as of October 13. The decentralized perpetual contract trading platform, built on Gate Layer’s high-performance Layer-2 network, is hosting a competition that offers up to 500 GT in rewards for activities including product feedback, completing the first trade, and ranking challenges. Gate Perp DEX emphasizes fast, transparent, and secure trading with strong liquidity.

Terms & Concepts
  • Layer-2 Network: A secondary framework built on top of a blockchain to improve scalability, transaction speed, and efficiency while maintaining security.
  • Perpetual Contract Trading: A type of derivatives trading that allows positions to be held indefinitely without an expiry date, commonly used in cryptocurrency markets.
  • GT (GateToken): The native utility token of the Gate.io ecosystem, used for trading fee discounts, staking, and participation in promotion activities.