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Gate launches Layer 2 network and upgrades GT Token mechanism
According to Mars Finance, Gate exchange has announced the launch of Gate Layer, a Layer 2 blockchain built on OP Stack and compatible with Ethereum. The official upgrade to the GT (Gate Token) token mechanism has been synchronized, and GT will serve as the sole Gas token for Gate Layer, continuing the dual destruction model. So far, over 180 million GT has been destroyed, accounting for approximately 60% of the initial supply. Gate Layer is positioned as the foundational infrastructure for the "All in Web3" strategy, supporting applications including the Perpetual Futures center Perp, the no-code incubator Gate Fun, and the cross-chain meme tracking tool Meme Go.