Gate Fun's Zero-Code Token Boom Sparks Volatility and Quality Concerns

Gate.io has launched , a zero-code on-chain token launchpad built on its proprietary Layer 2 blockchain, Gate Layer, marking a pivotal step in the exchange's "All in Web3" strategy. The platform enables users to mint tradable tokens in under a minute for less than $0.001 in gas fees, with instant liquidity and integration across Gate's decentralized and centralized ecosystems. The debut of Gate Fun coincides with the listing of the cat-themed token, which has already garnered significant community support through a Kickstarter campaign on MEXC.

The platform's core innovation lies in its "zero-code issuance + all-scenario trading" model. Users can create tokens via Gate Wallet or MetaMask, set initial parameters, and immediately access liquidity. Once a token raises approximately 1,000 GT (Gate's native token), it "graduates" to Gate Swap, where liquidity is permanently locked. Creators receive a 50 GT bonus and ongoing fee-sharing rights, incentivizing long-term project engagement. This mechanism addresses common risks in decentralized finance, such as rug pulls, by ensuring liquidity remains tied to the token.

Gate Fun's public beta, which ran through October 2025, distributed 6,000 GT in rewards across four events, including a cat-themed meme coin competition. The platform's low barriers to entry-both in cost and technical complexity-have democratized token creation, attracting a surge of new projects. Over 15,000 tokens are now launched daily on Gate's infrastructure, with decentralized exchanges (DEXs) capturing 25–50% of trading market share.

The GCAT token, inspired by the viral fusion of meme culture and "Gigachad" energy, exemplifies the type of community-driven projects thriving on Gate Fun. MEXC's Kickstarter campaign for GCAT saw 48 million MX in commitments, reflecting strong investor appetite. GCAT's listing on MEXC's Innovation Zone on April 28, 2024, underscores the growing intersection of meme coins and institutional infrastructure.

Gate CEO Dr. Han Lin emphasized the platform's role in reshaping finance: "The All in Web3 on-chain ecosystem is not only the next evolution of exchanges but also the future of finance," he stated at TOKEN2049 Singapore. Gate's ecosystem now spans high-performance L2 infrastructure (Gate Layer), on-chain perpetuals (Gate Perp DEX), and real-time meme token tracking via Meme Go. The integration of wrapped assets with over $1.2 billion in assets under management further solidifies Gate's position as a bridge between centralized and decentralized markets.

However, the platform's accessibility raises concerns. With minimal costs and no coding required, the flood of new tokens could exacerbate market volatility and attract low-quality projects. Gate combats this with strict anti-cheating measures, including on-chain analysis tools to detect wash trading and price manipulation.

Industry analysts note that Gate Fun's success hinges on sustained liquidity and community engagement. While the public beta saw rapid adoption, the true test will be whether graduated tokens maintain value beyond initial hype cycles.

[1] Gate Fun "Community Star: 'Cat'-Themed Project Breakthrough ... (https://www.gate.com/announcements/article/47557) [2] Voting Result and Listing Arrangement for Kickstarter - GCAT ... (https://www.mexc.com/en-GB/support/articles/17827791515485) [4] Gate Fun trading competition has started! 6000 GT prize pool with ... (https://www.gate.com/news/detail/14606081) [6] Gigacat (gigacatsol.net) price today, GCAT to USD live ... (https://coinmarketcap.com/currencies/gigacat-sol/) [11] Gate Unveils Gate Fun: Zero-Code On-Chain Token Launch ... (https://chainwire.org/2025/10/03/gate-unveils-gate-fun-zero-code-on-chain-token-launch-platform-as-ceo-dr-han-pushes-all-in-web3-vision-for-the-future-of-finance/) [12] Gate Unveils Gate Fun: Zero-Code On-Chain Token Launch ... (https://www.advfn.com/stock-market/COIN/BTCUSD/crypto-news/96945588/gate-unveils-gate-fun-zero-code-on-chain-token-la) [13] Gate Fun opens a community-steered token launchpad (https://thecryptocurrencypost.net/gate-fun-opens-a-community-steered-token-launchpad-with-no-code-minting-and-instant-liquidity/)