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Gate Layer Surpasses 100 Million On-Chain Addresses Following DEX Launches

Gate Perp DEX, built on the Gate Layer-2 network, achieves a significant milestone in decentralized trading, reflecting strong user growth and market activity.

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Summary

Gate Perp DEX, a decentralized perpetual contract platform built on the Gate Layer-2 network, has surpassed $1 billion in cumulative trading volume. The platform offers high concurrency, low latency, and strong liquidity, facilitating fast, transparent, and secure decentralized derivatives trading.

Terms & Concepts
  • Perpetual Contract: A type of futures contract without an expiration date, allowing traders to hold positions indefinitely as long as they meet margin requirements.
  • Gate Layer-2 Network: A high-performance Layer-2 network developed by Gate, designed to improve scalability, reduce latency, and enhance transaction throughput.
  • DEX (Decentralized Exchange): A peer-to-peer platform allowing users to trade cryptocurrencies directly without centralized intermediaries.