PANews August 18 report, Gate released the July transparency report, continuing to promote ecological expansion and security evolution as a dual driving force. On the ecological level, wallets are connected to popular on-chain applications such as Bidask, 1DEX, Rhea Finance, and multi-dimensional operational activities are launched; at the same time, Gate has initiated a renewal plan for the VIP system, with spot trading fee discounts of up to 75%, and multiple benefits for contract and lending businesses, further enriching user scenarios and platform services.
In terms of user value and security, Gate completed the quarterly destruction of over 1.92 million GT in the second quarter, with a cumulative destruction ratio exceeding 60%. The deflationary mechanism is steadily advancing, continuously strengthening the scarcity of tokens and ecological influence. Meanwhile, the total reserve scale has risen to $10.504 billion, with a total reserve ratio of 126.03%. The excess reserve amount has increased by 10.66% month-on-month, continuing to maintain industry leadership. As of the latest data released on August 8, 2025, the total value of Gate's reserves has further risen to $12.02 billion. Users can verify asset coverage at any time on the official page, and Gate consolidates market trust through a transparent, secure, and verifiable funding guarantee system.