#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
Gearbox: GEAR token has been fully unlocked, with 39.8% of the supply held by DAO.
Odaily Planet Daily News Modular Leveraged protocol Gearbox announced on the X platform that Token GEAR has been fully unlocked, with 100% circulation. 39.8% of the supply is held by DAO, with only about 3% released annually for various plans and rewards. It is reported that, with the reduction of Token incentives, the TVL increased from $17 million in 2023 to $83 million in 2024. The new Gauges mechanism introduced in V3 realizes the democratic decision-making of borrowing Intrerest Rate. Currently, over 2.8% of GEAR has been staked. DAO generated approximately $3 million in revenue in 2024, with only $486,000 spent on Token incentives.