Odaily Planet Daily News: Crypto asset trading platform Gate announced the official launch of the new second-layer network Gate Layer and the simultaneous optimization of the platform currency GT token economy.

Gate Layer is a high-performance second-layer network built on the industry's mainstream OP Stack. It is fully compatible with the Ethereum Virtual Machine (EVM) and is secured by GateChain as the main chain settlement layer. At the same time, the GT staking mechanism enhances network stability.

In terms of performance, Gate Layer supports over 5,700 transactions per second, with a block generation time of just 1 second, and transaction fees far lower than most existing second-layer networks. Cross-chain interoperability is achieved through LayerZero. Regarding ecosystem development, Gate Layer leverages a high-performance second-layer network as its foundational infrastructure, anchored in its "All in Web 3" strategy, and launched three core tools: Perp, Gate Fun, and Meme Go, precisely covering users' full-scenario needs, from asset issuance and trading to value creation.

GT will serve as the sole gas token for the Gate Layer. While expanding its use cases, it will continue to utilize a dual deflationary mechanism of "periodic burns + on-chain burning." The cumulative burn rate has reached 60.18%. Simultaneously, GateChain has been upgraded to v1.20, further enhancing scalability and security.