🫵The Gate team is very diligent. They released a new announcement this morning, and it mainly concerns the upgrade of the practicality of Gate Layer 2 and the $GT Token.

🧐In my opinion, the reason Gate launched Layer 2 is also in line with the trend, preparing for competition in the dex market in advance:
Through this upgrade, Gate Layer has further reduced Gas fees, improved transaction speeds, optimized user experience, and also increased the use cases for GT, strengthening the core ecological position of GT.
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💠 According to the announcement legend, the horizontal advantages of the upgraded Gate L2 compared with the most mainstream networks are still obvious:
~ The block generation time is compressed to 1 second, and the transaction processing capacity (TPS) per second exceeds 5,700 transactions - leading the competing EVM chain, second only to Solana;
～ Gas consumption is as low as $30 per million - far ahead of several other competing chains.
~ In addition to the advantages of speed and fees, Gate Layer is fully compatible with EVM - fully supports the Ethereum toolchain, developers can directly migrate DApps, and users do not need to change their usage habits;
～ And Gate Layer, by integrating the LayerZero cross-chain protocol, can support cross-chain asset transfers with mainstream public chains such as Ethereum, BSC, and Polygon, eliminating the need to transfer back and forth through cex.
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💠The upgrade of Gate Layer also provides more impetus for the practicality and deflation of $GT
~ $GT is the only on-chain gas of Gate Layer - and the hub of cross-chain settlement, GT has become a rigid product for on-chain activities;
～ At the same time, $GT has officially upgraded from a platform coin to the super fuel of the L2 ecosystem—currently, 180 million (, over 60% of the total supply ), of GT has been locked, and each transaction will automatically trigger a burn mechanism, which continues to benefit deflation.
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💠In conclusion, one last thing — the future GT will only become more rare and precious, those who understand get it! #Gate