Gate 2025 Transparency Report: Accelerating Leadership in the Global Encryption Ecosystem New Landscape

##Overview With the recovery of investment sentiment in the cryptocurrency market, mainstream assets have risen broadly. The Gate platform has achieved leapfrog development across multiple dimensions such as user scale, product matrix, and trading activity, demonstrating strong growth momentum. The platform's global registered users have surpassed 34 million, with monthly derivatives trading volume climbing to $740 billion, a month-on-month increase of 46.5%, and market share rising to 11%, setting a new annual high. It firmly remains among the world's leading exchanges and has become one of the fastest-growing mainstream platforms.

In terms of product ecology, business lines such as Launchpad, Launchpool, and HODLer Airdrop have fully exploded, with the Launchpad's oversubscription rate reaching as high as 7325.60% in a single period. Launchpool attracted over a million users to participate, significantly enhancing platform stickiness and ecological interaction. At the same time, Gate is actively expanding innovative businesses, officially launching the tokenized stock area xStocks, continuously upgrading core products such as Gate Wallet, and officially launching the VIP system renewal plan, optimizing more than 20 VIP exclusive rights, and comprehensively enhancing the multi-dimensional user experience of the platform. In terms of platform governance and user rights protection, Gate destroyed over 1.9 million GT in the second quarter, with a cumulative destruction ratio exceeding 60%; the reserve fund scale has increased to 10.5 billion USD, with a reserve ratio of 126.03%, demonstrating its high level of financial transparency and user trust.

Overall, Gate has entered an accelerated upward phase of platform development, steadily solidifying its leading position in the global cryptocurrency market through multidimensional product driving, transparent mechanism construction, and ecological collaboration.

##Platform Highlights ###Gate user base and contract trading have hit new highs, with market competitiveness continuing to strengthen. In July 2025, multiple core indicators of the Gate platform reached new highs, demonstrating strong growth momentum and user activity. The platform's total trading volume saw a significant year-on-year increase, with overall market enthusiasm continuing to rise, and trading depth and liquidity steadily improving. Among them, the contract business continued its explosive growth trend, with a significantly expanded share, not only firmly maintaining its position as the core driving force of the platform's growth but also leading the industry in terms of growth rate and trading activity, becoming the preferred choice for high-frequency and professional traders. In terms of transaction efficiency, product diversity, and risk control systems, Gate contracts consistently maintain industry benchmark standards, showcasing strong user retention and ongoing appeal.

According to the latest statistics from CryptoRank, Gate's derivatives trading volume has reached $740 billion, with a month-on-month growth of 46.5%, and its market share has jumped to 11%, setting an annual record high and firmly placing it at the forefront of the global CEX derivatives market. As one of the mainstream exchanges with the largest increase, Gate demonstrates strong growth momentum and market appeal. Behind the rapid increase in trading volume is its comprehensive optimization in product liquidity, user structure, and market strategy: the pace of new contract launches has accelerated, and the VIP and market-making mechanisms continue to iterate, further enhancing core user stickiness and trading depth; at the same time, trading infrastructure is continuously upgraded, strengthening matching efficiency and capital utilization efficiency, providing users with a better trading experience. Overall, Gate's performance in the derivatives sector has entered an accelerated growth phase, with its market competitiveness continuously strengthening.

In terms of user growth, Gate's total users have exceeded 34 million, with a significant year-on-year increase in new users, driving trading activity and community development; on the asset supply side, the pace of listing has accelerated, and the coverage has expanded, further enriching users' trading and allocation choices. With an efficient matching experience, leading product capabilities, and a robust liquidity foundation, Gate continues to consolidate its core advantages in the global cryptocurrency market, demonstrating long-term growth resilience and industry leadership.

ecological construction and security compliance

The product's multiple business lines are experiencing explosive potential, with a dual growth in user activity and revenue. In July 2025, Gate continued to strengthen multiple core product lines, enhancing user experience and incentive effectiveness through functional iterations, mechanism optimizations, and operational strategy upgrades. Products such as Launchpad, Launchpool, HODLer Airdrop, and CandyDrop have achieved multiple upgrades in participation thresholds, reward mechanisms, and process transparency, leading to synchronized growth in user participation and asset return rates, with core metrics reaching new highs.

###Launchpad hits a new high in popularity, with an oversubscription rate of 7325.60%. This month, Gate Launchpad continued to demonstrate strong user engagement and market recognition, further solidifying its important position as a leading platform for incubation services. A total of 2 new projects were launched during the month, attracting nearly 40,000 users to participate. The target total subscription amount for this round of projects was $15 million, but the actual subscription amount reached over $1.1 billion, resulting in an overall oversubscription rate of 7325.60%, once again setting a record for platform activity. This data not only reflects users' high trust in the platform's project selection but also showcases Gate Launchpad's high level of professionalism and transparency in project quality, review mechanisms, and user experience, continuously facilitating efficient connections between quality projects and global investors.

###Launchpool monthly airdrop accumulated millions of dollars, peak APR over 4500% This month, Launchpool continues to release liquidity bonuses for the platform, with user participation enthusiasm and project popularity rising in sync. A total of 21 new projects were launched within the month, with cumulative airdrop rewards amounting to millions of dollars and a total staking amount approaching 3 billion dollars, fully demonstrating the platform's strong capabilities in resource integration and asset empowerment. The NEKO project saw its peak annual percentage rate (APR) soar to 4509%, becoming the highlight of the month. Overall participation approached 300,000, reflecting users' high recognition of the platform's selection mechanism, incentive design, and interactive experience, further consolidating Gate Launchpool's position as an industry-leading asset growth platform.

HODLer Airdrop's popularity continues to rise, with strong growth in user participation and incentive rewards.

This month, the popularity of the HODLer Airdrop business continues to rise, with user participation and incentive returns both setting new records. The platform has launched a total of 20 new projects, with a staggering 47.61% increase in cumulative airdrop rewards compared to the previous period. The number of participating users has exceeded 250,000, reflecting a growth of 47.05% compared to the previous period; the total GT snapshots approached 70 million, equivalent to approximately $1.184 billion based on market value, with a growth rate as high as 41.4%, clearly demonstrating the community's strong recognition and positive response to the "Hold GT, get free airdrops" mechanism. In terms of returns, the highest annual percentage yield (APY) project this month reached 78.74%, significantly enhancing users' asset holding returns and further strengthening GT's long-term value support.

CandyDrop's nationwide airdrop craze continues in July 2025, with the prize pool surpassing 3.26 million USD.

Candydrop's universal airdrop continued to operate at a high level of popularity in July 2025, with a total of 26 airdrop projects launched on the platform, attracting a cumulative participation of 1.33 million users, demonstrating the ongoing attention and recognition from users towards the "participation rewards" mechanism.

###Gate officially launches the xStocks section, introducing 8 popular assets. This month, Gate officially launched the xStocks section, introducing a total of 8 popular xStocks products in the first phase, including COINX, NVDAX, CRCLX, AAPLX, METAX, HOODX, TSLAX, and GOOGLX. It supports 24/7 trading, 1 to 10 times leverage operations, and on-chain free transfers, providing global users with a new way to participate in traditional strong assets using USDT. Gate, as the first crypto platform to launch a tokenized stock contract market, continues to lead the industry in the integration of traditional and digital assets.

BountyDrop event will be frequently launched in July, with rich rewards to stimulate user activity.

In July, the Gate Wallet BountyDrop event maintained a high frequency of launches, with a total of 11 on-chain airdrop tasks covering multiple quality projects such as Caldera, Crypto Refugees, and Rhea Finance. The rewards were diverse, including token distributions, point bonuses, and interactive incentives like blind box rights to attract user participation. Among them, airdrop events for Golden Goose, Rhea Finance, and Crypto Refugees garnered widespread attention. With its frequent releases, user-friendly thresholds, and intuitive incentives, BountyDrop has become one of the mainstream entry points for Gate users to easily engage in the Web3 ecosystem.

###Gate Alpha airdrop rewards have accumulated to millions of dollars, enhancing user engagement further. On July 29, the Gate Alpha Points System officially launched. This points system aims to construct a fairer and more transparent incentive mechanism through users' asset holdings and trading behaviors on the platform, and to serve as the core participation credential for future TGE token generation activities, Alpha airdrops, and other ecological rights. With the implementation of this important mechanism, the overall operation of the platform has also shown strong momentum. In July alone, over 400 tokens were launched, and the total number of projects on the platform has exceeded 1,200. User experience and asset liquidity have continued to improve, driving steady growth in platform trading volume, with both the number of traders and trading volume in July achieving over 20% month-on-month increases. User activity and capital liquidity have progressed simultaneously. At the same time, the total airdrop rewards issued by the platform have remained at the level of several million dollars, further enhancing user stickiness.

###Gate Earn financial product matrix continues to expand, with YuBiBao's total subscription amount reaching 3.8 billion dollars. In July, Gate Earn launched over 20 wealth management products, further enriching users' asset allocation choices and significantly promoting the growth of the platform's wealth management scale. On the asset side, the cumulative subscription amount of Yubibao surged to 3.8 billion USD, with a net increase in fund scale exceeding 300 million USD in a single month, highlighting the simultaneous improvement in market recognition and capital absorption capability. The expansion of the Gate Earn product matrix and the optimization of user incentive policies have jointly facilitated the healthy development of the wealth management ecosystem.

###Gate Wallet ecological expansion and operational upgrade dual drive, user experience fully enhanced In July, Gate Wallet continued to advance product iterations, successively integrating popular on-chain applications such as Bidask, 1DEX, Rhea Finance, Simpfor.fun, and Upscale, expanding decentralized service scenarios. At the same time, Gate Wallet launched multi-dimensional operational activities, including: xStocks special area first transaction incentive package, BNB chain meme coin trading carnival, Ethereum monthly closing price prediction, and dual rewards for XRP storage and trading, among other targeted strategies. The collaborative upgrade between the product and operation sides, through scenario expansion and incentive mechanism optimization, drives the simultaneous enhancement of wallet interaction depth and user stickiness, validating the positive transmission effect of ecological infrastructure strengthening on the terminal experience.

###Gate VIP renewal upgrade with 20+ benefits, building a new pattern of comprehensive high-end services. In July, Gate announced the official launch of the VIP system renewal plan, which comprehensively upgrades over 20 VIP exclusive rights, building a high-end user service network covering five directions: trading, wealth management, fiat currency, customer service, and brand privileges. Among them, the spot trading fee discount can reach up to 75%, and contract and lending services also enjoy multiple discounts; the on-chain withdrawal limit is raised to 20 million USDT, and the number of sub-accounts is expanded to 400. Specifically, the VIP exclusive airdrop carnival is a major benefit prepared by Gate VIP services for VIP users in July. The event not only helps enhance the binding force between the platform and core users but also increases the overall activity and market competitiveness of the platform. In the future, Gate will gradually launch more selected asset airdrops and VIP customized exclusive rights.

###GT Ecology: GT has cumulatively destroyed over 180 million coins, and the deflationary mechanism is steadily advancing. Gate continues to promote the GT deflationary mechanism. In July 2025, the platform completed the destruction of 1,922,789.196841 GT for the second quarter of 2025, with a destruction value of approximately 39.01 million USD. This action not only continues the platform's long-term commitment to the token economic model but also further highlights the ongoing increase in the scarcity of GT. As of now, the total amount of GT destroyed has reached 180,555,112, accounting for approximately 60.18% of the initial total issuance, with a cumulative destruction value of about 2.748 billion USD.

GT, as the core asset of the Gate platform ecosystem, has implemented an active deflationary mechanism since the launch of the GateChain mainnet in 2019, effectively compressing supply and enhancing the quality of the token through frequent destruction. The continuous and predictable destruction system, combined with GT's strong empowerment in various scenarios such as ecological rights, platform services, and product usage, further solidifies its value foundation and mid-to-long-term growth logic. Gate will continue to firmly execute the established destruction plan under the premise of compliance, promoting the simultaneous enhancement of GT's scarcity and ecological influence.

The level of reserves ### is continuously improving, and the platform's financial strength and transparency mechanisms are steadily being strengthened. Gate's reserve scale continues to grow steadily, demonstrating the platform's solid financial strength and high commitment to transparency. As of July 2025, Gate's total reserve scale reached $10.504 billion, with a total reserve ratio of 126.03%. The excess reserve amount increased by 10.66% month-on-month, rising to $2.17 billion, maintaining its leading position in the industry. Meanwhile, as of the latest data released on August 8, 2025, Gate's total reserve value further rose to $12.02 billion, with a total reserve ratio of 123.98%, indicating that while maintaining a high reserve ratio, the overall financial strength of the platform continues to enhance. Among them, the reserve ratios for core assets such as BTC, ETH, and USDT are 144.40%, 123.71%, and 116.23%, respectively; the reserve ratios for popular assets such as GT, DOGE, and XRP also all exceed the 100% benchmark, reaching 156.81%, 109.42%, and 115.52%, respectively.

Gate continues to fulfill its commitment to public reserves and third-party audits, building a trusted asset security architecture through mechanisms such as zk-SNARK zero-knowledge proofs, Merkle tree structures, hot and cold wallet confirmations, and user snapshots. Users can verify in real-time on the official page whether their assets are covered by 100% reserves, further implementing the platform's commitment to transparency, security, and verifiability.

##Community Building and Brand Activities Gate continues to strengthen community building and brand influence, igniting user enthusiasm through diverse gameplay and in-depth collaborations. From the grand launch of the second phase of the "Red Bull Racing Tour" inspired by F1 elements, to the number of KOLs joining the "Spark Program" at Gate Square surpassing a thousand, the platform is fully stimulating content ecology and trading vitality, building a closer, more active, and influential global user community.

###Gate launches the second phase of the "Red Bull Racing Tour": Gate continues to lead the trading competition craze at F1 speed. In July 2025, Gate will launch the second phase of the "Red Bull Racing Circuit" event, once again inspired by F1 events, injecting speed and strategy into the crypto trading experience. This event covers both spot and contract trading tracks, setting up a reward pool totaling up to 20,000 GT and providing direct access to F1 Grand Prix viewing seats for the trading leaderboard champions. The more users trade, the larger the prize pool becomes, with spot trading enjoying a 1.5x bonus, attracting a large number of new and old users to join the competition. Three major leaderboard gameplay styles, combined with bounty tasks, balance trading volume, yield rates, and task activity, comprehensively testing users' skills and rhythm control. According to official data, the first phase of the event attracted over 40,000 users, with a total trading volume surpassing 13.3 billion USDT, receiving extremely high market attention. This phase continues to enhance the immersive trading competition experience through exclusive benefits for newcomers and sharing incentive mechanisms, while strengthening the narrative connection between the Gate brand and the F1 Red Bull Racing team, continually enhancing user engagement and brand popularity.

###Gate Square "Spark Program": Over 1000 KOLs have settled in, building an active content ecosystem. Since the launch of the "Spark Program", Gate Square has welcomed a surge of creators, with over 1000 KOLs officially joining the ranks of creators. The content ecosystem covers multiple tracks including on-chain analysis, market research, hot topic interpretation, NFT, GameFi, etc., building a diverse, professional, and active content matrix. As the core content section of the Gate App homepage, the Dynamic Square reaches over 3 million active users daily, gradually becoming a new platform for Web3 creators to share their expertise, showcase their value, and personal influence. Creators joining the "Spark Program" will enjoy various supports such as cash incentives, traffic support, and exclusive certifications. The platform will also continue to optimize the content distribution mechanism to help high-quality content gain wider recognition.

Workplace Transparency Report

Gate released the Workplace Transparency Report for the second quarter of 2025, driven by a diverse talent landscape to expand its global vision. Gate has released its Workplace Transparency Report for the second quarter of 2025, providing a comprehensive overview of the company's status in terms of talent composition, compensation systems, career development mechanisms, and corporate culture.

The report shows that 42% of employees are aged between 30 and 39, 57% hold degrees from top global universities, and 8% have doctoral degrees. Over 40% of employees come from the fields of Web3, finance, and artificial intelligence, fully reflecting Gate's long-term commitment to building a diverse, interdisciplinary team.

Regarding compensation, more than 80% of employees believe their income is at or above industry levels. The report also notes that employee participation in internal growth programs continues to increase: 53% of employees have participated in Gate Academy training or international rotation programs, and 22% have achieved career advancement through the "Elite Expert Growth Path."

Gate upholds an inclusive and diverse workplace culture, receiving high recognition from 85% of employees. This cultural atmosphere has also contributed to the company's employee retention rate reaching 3.2 times the industry average. It is worth mentioning that 60% of employees actively participate in brand communication, fully reflecting the team's recognition and sense of belonging to Gate's long-term mission.

##Education, Research and Media Influence ###Gate Academy: On-chain data-driven trend prediction, advanced courses empower users' cognitive leap. In July 2025, the academy continues to produce hundreds of high-quality in-depth research reports covering core sectors such as stablecoins, public chains, DeFi, GameFi, and AI, accurately capturing the evolution of the market. By tracking on-chain data and deconstructing ecological models, it provides investors with a trend prediction framework that has practical value; simultaneously upgrading the advanced course system. The courses launched in July, "Introduction to Zero-Knowledge Co-Processors," "Introduction to Bitcoin Layer 2," and "Overview of Cryptographic Data Availability and the 'Private Rollup' Technology Stack" have covered user knowledge graph needs across multiple dimensions, establishing a capability transformation channel from theoretical understanding to trading practice. Gate Learn continues to deepen the construction of an open knowledge community, using a professional content ecosystem to help users grasp opportunities for transformation in the blockchain industry.

###Gate Research Institute: Constructing the α Investment Strategy Framework, Deeply Analyzing New Opportunities in the Coin-Stock Linkage. In July 2025, the Gate Research Institute continues to expand its research boundaries and deepen the granularity of its analysis, further strengthening the institute's advantages in data analysis and product interpretation. This month, the institute focuses on key areas such as regulatory policies, on-chain indicators, and quantitative strategies, producing several reports and enhancing real-time tracking and interpretation of market emergencies and cryptocurrency public companies, building an α return capture system and strategy optimization framework for users.

Synchronously, in response to the recent popular topic of "the correlation between cryptocurrencies and stocks," Gate Research Institute launched several related research reports in July. "Arbitrage and Investment Opportunities in the Wave of Stock Tokenization" discusses the arbitrage and investment opportunities present in the current market as well as the risks faced, detailing different types of arbitrage logic, operational processes, and potential limitations. "Analyzing the Dual Relationship Between Public Companies and Cryptocurrencies" examines the demands of DAT (Digital Asset Treasury) companies and cryptocurrency project parties. In addition, in the PayFi sector, Gate Research Institute released the report "Beyond DeFi Summer: Is PayFi Summer Approaching?" exploring whether the PayFi narrative has the potential to trigger a new wave of on-chain financial enthusiasm. The above reports provide professional insights for investors, and Gate Research Institute will continue to produce high-quality research content, building a top think tank in the cryptocurrency field.

Media Influence: Gate's derivatives market share has grown for 7 consecutive months, reaching a record high, with CoinDesk ranking closely following Binance.

In July, the authoritative media CoinDesk released the "Monthly Report on Cryptocurrency Exchanges." The report pointed out that Gate's derivatives market share increased by 1.01% month-on-month to 5.14%, ranking second globally, only behind Binance. This marks the seventh consecutive month of growth for Gate, reaching a new annual high. Since the beginning of the year, Gate has risen to become the champion of growth in derivatives market share. As one of the most outstanding exchanges, Gate had the smallest drop in derivatives trading volume this month among the many derivatives trading platforms connected to the CoinDesk Data API, demonstrating strong resilience. Whether measured by trading volume or open interest, Gate currently ranks among the top five derivatives exchanges globally, surpassing competitors like Hyperliquid, CME, and Coinbase International.

CoinDesk also specifically mentioned Gate's recent innovative initiatives, particularly the launch of the world's first tokenized stock contract market, the xStocks section. CoinDesk stated: "xStocks is not just a functional upgrade, but embodies Gate's mission to reshape investment methods that transcend geographical boundaries through deep integration of traditional finance and blockchain." This recognition coincides with Gate's user base surpassing 32 million, and CoinDesk also affirmed its growing influence in the international market.

##Charity and Social Responsibility ###Gate Charity "Fashion for Impact" workshop: Attracting over a hundred young participants, awarding 10 full scholarships. On July 26, 2025, Gate Charity partnered with local fashion professionals to hold the "Fashion for Impact" fashion communication workshop in Benin. The event attracted over 100 participants, including aspiring young designers and youth from disadvantaged backgrounds. Through expert-led courses, live demonstrations, and industry experience sharing, participants gained in-depth knowledge of core fashion design and tailoring skills and development opportunities. As part of its charitable commitment, Gate Charity awarded full scholarships to 10 disadvantaged youths to support their entry into accredited fashion training programs. This initiative not only opened new pathways for their career development but also demonstrated Gate Charity's steadfast mission to empower youth through creative education and vocational training.

##Conclusion Overall, July 2025 is a key milestone for Gate to achieve a multidimensional leap. The platform has not only successfully broken through in terms of global user scale but has also made historic progress in core business areas: derivative trading volume reached $740 billion, with market share climbing to 11%, setting a new annual high and firmly establishing its position as a leading global exchange.

In terms of ecological construction, business lines such as Launchpad and Launchpool have fully exploded, significantly enhancing user participation and platform stickiness with record oversubscription rates and high incentive returns. At the same time, the platform officially launched the tokenized stock section xStocks and initiated the VIP system renewal plan, further broadening users' asset allocation scenarios and taking an important step towards product diversification.

This series of remarkable achievements stems from Gate's long-standing commitment to technological innovation, compliance and security, professional operations, and user value. Looking ahead, Gate will continue to leverage strong growth momentum to deepen its global ecological layout, solidify its leading advantage in the cryptocurrency industry, and strive to create a safer, more efficient, and vibrant digital asset ecosystem for global users.

##About Gate

Gate was established in 2013, founded by Dr. Han, and is one of the world's leading cryptocurrency trading platforms. The platform serves over 35 million users and supports trading of over 3,600 types of crypto assets. As an industry benchmark, Gate was the first to achieve 100% reserve proof, with an ecosystem that includes diverse services such as Gate Wallet and Gate Ventures.

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