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Gate cryptocurrency exchange has announced the launch of its new Layer 2 network, Gate Layer, alongside a major update to the tokenomics of its native token, GT. This move is designed to expand the role of GT within the ecosystem and strengthen its deflationary model.
Built on the OP Stack and fully compatible with the Ethereum Virtual Machine, Gate Layer can process over 5,700 transactions per second with a block time of one second, according to the company.#Joingrowthpointsdrawtowiniphone17