#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
The DePIN project Geodnet completed an $8 million Token financing, with Multicoin leading the investment
BlockBeats news, on February 25th, according to CoinDesk, the DEP project Geodnet completed an $8 million Token financing, with Multicoin leading the investment. It is reported that Geodnet provides financial incentives for startups, encouraging ordinary people to host physical infrastructure. Due to the strong demand for Geodnet's services, the project's Token (its incentive mechanism) has risen more than twice in the past 12 months.