#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
Lens Chain announced that its Mainnet is about to go live
On March 11, PANews reported that, according to official sources, Lens Chain announced that it has passed the vote to join the Elastic Network on ZKSync, and the Mainnet will be launched soon. According to the summary of the proposal mentioned by Lens Chain, Lens Chain is a high-performance chain built using ZKsync and Avail. The Lens Labs team collaborated with Matter Labs to create this chain and migrate user profiles, followers, and published content from Lens V2 on Polygon to Lens Chain. As the state, including the migration data, will be applied at genesis, it is necessary to apply to include this chain in the Elastic Network.