According to official news, the Gate Perp DEX "Trading Frenzy" competition has officially begun today, with a total prize pool of $40,000. The main event runs from 2:00 PM on October 23rd to 6:00 PM on November 9th (UTC+8). The competition features two incentives: a newbie bonus: the first 1,000 users who complete their first trade of at least $2,000 will receive 5 USDT; and a trading volume ranking bonus: users with a cumulative trading volume of at least $10,000 will be eligible to share in the prize pool, with a maximum individual reward of $500. The top 50 users will also receive fixed bonuses ranging from $20 to $500.

Gate Perp DEX is a high-performance perpetual contract trading platform with a decentralized architecture built on Gate's high-performance second-layer network Gate Layer. With excellent liquidity as its core advantage, it aims to provide users with an extremely fast, transparent and secure trading experience.