PANews reported on July 28 that according to on-chain analyst Yu Jin's monitoring, Gate Launchpad's new project Ika (IKA) supports USD1 investment, attracting a large amount of USD1 inflow to Gate. Currently, Gate has become the second-largest exchange in terms of USD1 holdings, second only to Binance.
Yu Jin stated that currently, the vast majority of USD1 is on the BSC chain, with a small portion on the ETH chain. Gate currently holds approximately $170 million USD1 on the BSC chain (second among exchanges) and about 20 million on the ETH chain (first among exchanges), which is consistent with the current total USD1 investment of 196 million for the Launchpad new project.
It is reported that this Gate Launchpad new project is Ika (IKA), supporting users to subscribe using USD1 and GT. So far, the USD1 investment amount has exceeded 196 million, and the GT investment amount is 5.13 million ($94.1 million).
