Gate Launches Layer 2 Network and Upgrades GT Token Mechanism

An Ethereum-compatible Layer 2 blockchain built on the OP Stack. The official GT (GateToken) token mechanism has been upgraded. GT will serve as the sole gas token on the Gate Layer and will continue its double-burn model. Over 180 million GT have been burned to date, representing approximately 60% of the initial supply. Positioned as an "All in Web3" strategic infrastructure, Gate Layer supports applications such as the perpetual contract hub Perp, the codeless incubator GateFun, and the cross-chain meme tracking tool MemeGo.