#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
Gate.io Innovation Zone launches SMR
PANews reported on November 7th that, according to official sources, Gate.io's innovation zone officially launched SMR on November 7, 2024, at 11:30 (UTC+8), with an on-chain maximum increase of 99,999% and a current price of $0.024137. It is understood that the creator of $BOME, artist @darkfamrs, retweeted a tweet by US Senator Cynthia Lummis from Wyoming, who stated, 'We will establish a strategic BTC reserve,' and commented, 'We will establish a strategic Meme reserve,' along with the release of the new work 'SMR' creative image. It is reported that the gate innovation zone MEME carnival is in full swing. From November 6, 2024, to December 1, users can enjoy zero transaction fees in the innovation zone. New users can enjoy 100% winning MEME mystery box. There is also a $40,000 rich prize pool and limited edition Inter Milan merch and other surprise gifts.