Ethereum News Today: Gate's Layer-2 Breakthrough Balances Speed, Security, and Scalability for Web3

Gate, a leading cryptocurrency exchange, has launched Gate Fun, a no-code token launcher integrated with its newly established Layer-2 network, Gate Layer. The platform enables users to create and trade tokens within minutes, leveraging the GT token as the primary gas fee. Gate Fun operates on Gate Layer, a high-performance rollup built on the OP Stack, which aims to address blockchain scalability challenges. This initiative expands Gate's ecosystem into broader Web3 infrastructure while aligning with its strategic focus on tokenomics and developer accessibilityGate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network^[1].

Gate Fun mirrors the user-friendly approach of platforms like Pump.fun, allowing creators to customize token parameters such as name, symbol, and initial purchase options through a streamlined interfaceGate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network^[1]. The platform supports both Web3 wallets (e.g., MetaMask) and Gate accounts, enabling seamless integration with the exchange's existing services, including Gate Alpha, Meme Go, and Swap. Tokens launched on Gate Fun are immediately tradable across these platforms, fostering liquidity and engagement within Gate's ecosystemGate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network^[1]. The launch follows the introduction of Gate Layer, which offers 5,700 transactions per second (TPS) and sub-second block confirmations, positioning it as a competitive Layer-2 solution.

Gate Layer, built on the OP Stack and anchored by GateChain, emphasizes Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy Ethereum-based applications without significant modifications. The network's performance metrics-such as low fees (e.g., $30 for one million transfers compared to $700 on Base) and cross-chain capabilities-highlight its potential to attract DeFi, gaming, and NFT projects. Gate's integration of GT as the sole gas token for Gate Layer transactions further strengthens its tokenomics. The GT token, now trading at $16.23, benefits from a dual burn mechanism: quarterly burns tied to Gate.io's performance and an on-chain burn model inspired by Ethereum's EIP-1559Gate Rolls Out Token Launcher ‘Gate Fun’ on New Layer-2 Network^[1]. Over 60% of GT's supply has already been burned, enhancing scarcity and utility.

The GT token's role extends beyond gas fees to governance and deflationary incentives. Gate's tokenomics overhaul designates GT as the exclusive gas token for Gate Layer, reinforcing its value proposition within the ecosystem. The deflationary model, combined with Gate Layer's scalability, aims to drive demand for GT as both a utility and investment asset. This strategy aligns with Gate's broader vision of creating a self-sustaining Web3 infrastructure, where developers and users benefit from reduced costs and increased transaction efficiency.

Gate's ecosystem expansion includes flagship products like Perp (a perpetuals trading hub), Meme Go (a meme token tracker), and Gate Fun, which collectively demonstrate the network's versatility. By integrating these tools, Gate aims to position itself as a comprehensive platform for traders, developers, and communities. The launch of Gate Layer also includes upgrades to GateChain, including support for Ethereum's EIP-4844 (Cancun upgrade) and enhanced security protocols, further solidifying its technical foundation.

The broader implications of Gate's move reflect a growing trend in blockchain infrastructure: prioritizing scalability without compromising security or decentralization. As Layer-2 networks proliferate, competition will hinge on usability, tokenomics, and developer adoption. Gate Layer's EVM compatibility, aggressive fee reductions, and cross-chain functionality provide a compelling value proposition for projects seeking to expand their reach. For investors, the deflationary GT model and Gate's ecosystem integration create a narrative of long-term value appreciation, particularly as tokenized assets gain traction in mainstream finance.