Key Takeaways
- Gate launched a brand new layer 2 blockchain community to spice up scalability and ecosystem growth.
- A complete GT tokenomics improve was launched, making GT the unique fuel token for Gate Layer whereas persevering with its twin burn mannequin.
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Gate, a crypto change, at the moment unveiled a layer 2 community alongside a complete tokenomics overhaul for its GT token. The announcement triggered a minor worth response for GT, which now holds a virtually $2B market cap.
The tokenomics improve contains designating GT because the unique fuel token for Gate Layer whereas persevering with its twin burn mannequin.
The brand new layer 2 community represents Gate’s blockchain infrastructure designed to boost scalability whereas integrating with the up to date tokenomics framework. Constructed on the OP Stack and totally EVM-compatible, Gate Layer makes use of GateChain as its settlement layer.
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