Gate derivatives trading volume surged 44%, with USD1 holdings ranking second globally.

This article is machine translated
Show original

On August 12, according to the CoinDesk Data July trading platform evaluation report, Gate performed outstandingly in the derivatives market, with monthly derivatives trading volume reaching $374 billion, a 44% increase from the previous month. Its derivatives market share increased by 0.55%, maintaining the second position globally, just behind Binance.

In the stablecoin domain, Gate became the second-largest centralized exchange platform in USD1 holdings, only behind Binance. On July 26, the Ika (IKA) Launchpad hosted by Gate set a record, attracting over 228 million USD1 and 6.59 million GT subscriptions, with a total value of approximately $348 million.

In the DeFi field, Gate Launchpool continued to grow strong, launching 21 new projects in July, distributing over $2.8 million in airdrop rewards, with the highest annual yield reaching 4,509%, and the total staked assets increasing to $2.9 billion.

In terms of user scale, Gate's global registered users have exceeded 34 million, further consolidating its international market influence. Its Gate Alpha platform, with the points airdrop system launched in July, drove a 380% surge in platform trading volume.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments