#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Sei Network proposes to terminate support for Cosmos and shift focus to the EVM ecosystem.
According to Gate.io News bot, as reported by Wu, the Sei Network development team has proposed to the community to terminate support for Cosmos. The proposal aims to simplify system architecture and drop infrastructure complexity. Sei Network currently supports both EVM and CosmWasm dual architecture systems, and if this proposal is approved, the platform will only retain EVM transaction functionality. The community plans to hold a meeting on May 14 to discuss this proposal.