Overview
Despite a relatively sluggish market in Q3 2024, Gate has maintained robust growth momentum, driven by exceptional product innovation and service upgrades, and continues expanding in user base and trading volume. The platform has consistently increased the variety of assets, futures, and financial products, providing users with a broader and more diversified range of asset strategy options. The introduction of "Pilot Trading," in particular, enables users to swiftly capture on-chain opportunities, fully harnessing market potential.
During this quarter, Gate achieved outstanding results in various areas, such as security compliance, product innovation, and community development. Whether in futures trading, quantitative trading, or diverse financial products, Gate remains committed to offering users a more premium and convenient trading experience. Furthermore, Gate actively pursues global partnerships and participates in charitable activities, underscoring the platform's dedication to social responsibility.
This Gate Q3 2024 report will comprehensively review the quarter’s business development data, product updates, and significant industry initiatives, highlighting how Gate continues progressing steadily in a highly competitive and rapidly changing market environment.
Report Summary
Record-breaking trading volume and user growth: Gate's Q3 2024 total trading volume reached nearly $720 billion, with spot trading volume of around $320 billion, and total registered users exceeding 17 million.
Significant project growth: This quarter saw the addition of 156 new listings, including 44 popular on-chain projects in the Pilot Trading Section, along with the launch of new staking events and other benefits.
Rapid Web3 ecosystem expansion: The platform now supports over 100 major blockchains, enabling users to access over 100 million reward points and token airdrops worth $2.1 million.
Gate Earn's new staking product launched: Staked assets reached a total value of over $90 million, while Simple Earn saw average daily fund volumes exceeding $1 billion.
Record highs in quantitative trading strategies: The number of active quantitative and intelligent trading strategies reached 200,000. Futures grid trading volume increased by 6%, and Martingale strategy trading volume rose by 13.15%.
Increased cryptocurrency reserves: Gate's reserve report disclosed support for 209 cryptocurrencies, with BTC and ETH reserves growing by 9% and 16.7%, respectively, since the previous report.
Platform stability and efficiency improvements: Gate enhanced platform stability and operational efficiency through global partnerships and cloud service technology optimizations.
Shining a new era in cross-industry collaboration: Gate announced its role as Inter Milan's official sleeve sponsor, marking a new milestone in cross-industry collaboration to deepen blockchain and sports integration.
In-depth offline activity participation: Gate actively participated in and sponsored 12 major events, including ABS 2024, Coinfest Asia, 2024 Lead Asia, and WebX, along with their side events.
Record-breaking engagement in live streams: Gate Live hosted 13,000 live sessions with over 3.36 million views, covering market trends, project analysis, and blockchain education.
Global charity efforts: Gate Charity conducted nearly 20 charity events across eight countries or regions, benefiting nearly 1,000 individuals worldwide.
Notable achievements in knowledge dissemination and research: Gate Learn and Gate Research released approximately 1,000 articles, along with dozens of courses and research reports, continually advancing blockchain education and in-depth research.
Gate's Main Business Segments
Core business growth remains robust, with steady increases in user base and asset reserves
Despite significant market volatility and considerable uncertainty in the third quarter, Gate demonstrated strong performance, achieving approximately $320 billion in spot trading volume and nearly $400 billion in futures trading volume.
The platform saw significant user growth, with over 1 million new registered users, bringing the total registered users to over 17 million. Website traffic continued to rise, with monthly page views reaching 4.355 billion.
Gate Startup: Airdrop Value Nears $6 Million, Launch of Pilot Trading Product
Gate Startup allows users to explore and participate in a wide range of early-stage project airdrops for free. In the third quarter, Gate welcomed 156 new projects, with 123 launching through the Gate Startup platform, collectively distributing airdrop rewards valued at nearly $6 million. This quarter, Gate Startup also introduced 32 new coin mining projects, where users in certain projects enjoyed staking rewards with annualized yields exceeding 2,500%.
The Startup Task was officially launched on July 30, successfully holding 35 airdrop events. Additionally, a new feature, the "Pilot Trading Product," was launched on September 11, providing users with a fresh way to engage with popular on-chain projects. In the third quarter, 44 trending projects across blockchains such as Solana, Ethereum, and Tron were introduced, with 9 of these successfully incubated and launched in the spot trading zone.
Gate Futures: Trading Volume Approaches $400 Billion
In the third quarter, Gate's futures division optimized 124 contract product features and interface updates, introduced 19 new trading pairs, and recorded over 1.5 million cumulative participants, with a total trading volume approaching $400 billion. In Q3 2024, Gate organized and executed 25 regular futures events, with the platform-level event WCTC S6 achieving a trading volume of $16.8 billion.
The Gate futures team also held over 120 community events, engaging approximately 30,000 users and addressing 9,003 user inquiries. Additionally, they released resources such as Contracts Trading Guide: A Must-Read for Newbies and 40 Essential Lessons for Advanced Futures Traders to help users quickly get started and enhance their trading skills.
Institutional Services: Liquidity and Product Innovation Drive Significant Multi-Sector Growth
Institutional services products continued to evolve, with a total of 104 feature enhancements completed. In Q3, the Quantitative Fund page was launched for the first time, offering quantitative products with annualized returns of up to 11.77%. Additionally, a new lending product, OI Loan, was introduced, significantly boosting capital efficiency for unified account users.
Multiple areas of institutional services experienced sustained growth in Q3. Spot trading volume on Gate increased approximately 16.5% quarter-over-quarter among major exchanges. The number of broker-linked platforms rose by 30%, setting a new record. In structured products, a reinvestment feature was added for the Shark Fin product, with new users and subscriptions growing by 11.7% and 17.2% quarter-over-quarter, respectively. Additionally, new features such as multi-currency staking, collateralization of Simple Earn assets, and automatic margin top-up were launched, significantly improving user capital efficiency and experience. Overall, Q3 lending volume increased by 46% compared to Q2.
Quantitative Trading Bots: Boosting User Profitability
This quarter, the quantitative trading team has made significant strides in developing and optimizing trading bot. By the end of the quarter, Gate trading bots have been equipped to meet the vast majority of market trading needs, with further innovations in spot grid and contract grid functionalities, making them some of the most comprehensive products in the industry.
In Q3 2024, Gate recorded approximately 200,000 active strategies on its platform. The contract grid and contract Martingale strategies have proven particularly popular among users, with trading volumes increasing by 6% and 13.15%, respectively, over the previous quarter. Contract-based trading bots have become even more active, with the share of strategies in this category rising by 33%.
Gate Earn: Launch of Staking and Diversified Financial Products
Gate Earn is dedicated to providing users with a wide range of high-quality financial products and yield strategies. This quarter, Gate Earn officially launched its staking products, supporting assets like GT, SOL, and TRX, with ongoing expansion to include more tokens. Currently, the staked asset value exceeds $90 million.
In addition, other Earn products have seen updates. Simple Earn introduced additional reward pools for BTC and ETH, with an average daily fund volume exceeding $1 billion and a total user base surpassing 600,000. The Dual Investment product added new "Sell High" and "Buy Low" features, achieving a cumulative subscription value of $162 million. HODL & Earn offers over 180 financial products, with $118 million in mainstream token lock-in investments.
Crypto Loan: Diverse Options to Enhance Capital Utilization and Lending Flexibility
This quarter, Gate Crypto Loan has expanded its range of supported assets and introduced various flexible lending options, providing users with a versatile and convenient borrowing experience. Crypto Loan now offers flexible and fixed-term products with 7-day and 30-day options, featuring annualized lending rates as low as 0.88%. With over 600 borrowable assets and support for more than 80 collateral types, users have diverse and flexible borrowing choices.
Gate Crypto Loan also integrates with ETH 2.0 staking, allowing users to earn up to 13% returns through the Revolving Stake feature. Additionally, it offers collateralization of Simple Earn assets for "0 Interest Loans," enabling users to earn extra yields. New features such as multi-currency staking, automatic margin top-up, and collateralization of Simple Earn assets further enhance capital efficiency, optimizing the borrowing experience.
Gate Security
Gate ensures the safety of users' assets by regularly disclosing its reserve reports, confirming an over-collateralized reserve to protect funds, and continuously enhancing financial transparency. The platform has also strengthened its risk control and compliance systems, leveraging advanced technology to enhance risk management and anti-money laundering (AML) capabilities, providing comprehensive protection for users' funds.
Reserves: Up to 209 Tokens with Significant Increases in Mainstream Cryptocurrency Reserves
Since implementing the Proof of Reserves program in 2020, Gate has continually refined its asset security mechanisms. Gate has continued its routine disclosure of reserve data this quarter and released the relevant reports. The latest reserve report covers up to 209 types of tokens, with significant increases in the reserve amounts and ratios for major cryptocurrencies like BTC and ETH. Compared to the previous report, BTC reserves grew by 9%, reaching a reserve ratio of 119.54%, while ETH reserves increased by 16.7%, achieving a reserve ratio of 125.84%. These figures further highlight the platform's commitment to asset security and transparency, demonstrating our steadfast commitment to protecting user assets.
Users can also visit the 100% Proof of Reserves page to verify the reserve status of their accounts and deposits independently, and to access additional data and information.
Compliance and Security: Strengthening Risk Control and Compliance Systems to Enhance Anti-Money Laundering (AML) Management
Gate prioritizes risk control and compliance, having built an advanced monitoring system to oversee trading activities around the clock. By leveraging big data and intelligent analytics, the platform can swiftly identify and address potential risks, ensuring the safety of users' assets. The risk control team is equipped with rapid response capabilities, enabling timely handling of abnormal transactions to protect both the platform's and users' interests. Additionally, Gate continuously enhances its risk detection and response capabilities through ongoing system optimization.
In the field of anti-money laundering (AML) and compliance, Gate is continuously expanding its partnerships with service providers and implementing internationally recognized tools to enhance AML and compliance management. These efforts strengthen user identity verification, on-chain analysis capabilities, and optimize compliance processes.
Meanwhile, the risk control and compliance team continues to grow, building a highly skilled and experienced professional workforce. The team conducts regular compliance and risk control training sessions to raise employees' compliance awareness, reinforce a strong corporate compliance culture, and ensure stable operations for the platform.
Gate Ecosystem Products
This quarter, Gate has continued to enhance and upgrade across multiple areas, including Web3 products, fiat deposit and withdrawal services, and Gate Card, striving to build a comprehensive, one-stop Web3 crypto ecosystem for users. The platform has created a seamless financial bridge into the Web3 world by refining funding channels and payment services. Gate's Web3 products offer a variety of on-chain exploration tools, helping users engage in diverse on-chain experiences.
Gate Web3: Optimizing Core Products for a Seamless On-Chain Experience
This quarter, Gate Web3 has further expanded its ecosystem by optimizing core products such as the Web3 Wallet, Web3 Startup, and Web3 Tasks and introducing new features like Testnet Faucets and Web3 Earn.
The Gate Web3 Wallet now supports over 100 major blockchains. Approximately $560 million in user assets are managed within Gate Web3, benefiting from services such as quick swaps, inscription minting/trading, Startup airdrops, Tasks, and asset management.
This quarter, Web3 Startup launched 101 high-quality projects across popular sectors such as ERC20, NFTs, DeFi, AI, and meme tokens. The total participation exceeded 2 million entries, and users meeting the airdrop criteria received a total of approximately $500,000 in airdropped crypto assets.
Web3 Tasks is a one-stop interactive platform specifically designed for airdrops. In Q3, 79 collaborative projects were launched on this platform, attracting nearly 40,000 participants. Approximately 100 million reward points were distributed, along with project tokens valued at over $1.6 million, and hundreds of NFTs, whitelist spots, and game packages as additional rewards. These rewards covered dozens of trending projects, including KiloEx, Over Protocol, Catton, Pika Protocol, Four.Meme, LayerNet, ChainGPT, and more.
Gate Fiat: Enhanced P2P Seller and Expanded Gate Connect Fiat Support
This quarter, Gate expanded its support for multiple fiat deposit and withdrawal channels, including P2P/C2C, OTC, and Gate Connect, with 69 fiat currencies now supported across all platforms. Gate Connect, Gate's proprietary fiat gateway, continued to enhance its bank transfer and credit/debit card withdrawal services and increased its fiat currency support to 32 currencies this quarter.
The Gate P2P Seller system was also upgraded, introducing a Seller deposit requirement to protect Seller rights, enhance Seller quality, and improve the safety of user deposits and withdrawals. In the area of order dispute resolution, several optimizations were made to the existing process, including timely appeal notifications, an improved user interface, and additional support documentation for appeals. This quarter, Gate P2P supported 47 fiat currencies across 75 countries and offered over 350 payment methods.
Gate Card: Coverage in 29 Countries, Offering Double Cashback and Referral Rewards
Gate Card is an innovative Visa debit card launched by Gate. It allows users to top up with over 2,000 types of cryptocurrencies through the platform. It can be used at all locations where Visa is accepted and available in virtual and physical card formats, with virtual cards usable immediately upon approval.
Currently, Gate Card is available in 29 EEA countries, with plans to expand to more countries or regions by the end of this year or in the first quarter of next year. Gate Card offers multiple user benefits, including a referral program from May to September, allowing Gate users to earn rewards for inviting friends to apply for the card. Starting in September, new users enjoy a double cashback benefit on purchases for the first 90 days after card activation.
Gate Community
Gate connects closely with community members and actively promotes user engagement through global offline events and the GateLive platform. Offline events span multiple regions, enhancing user involvement, while GateLive offers content such as project Q&A and market insights, providing an interactive learning platform for the global community.
Connecting the Global Community and Advancing Community Building and Technology
In Q3, Gate actively participated in or hosted 12 industry summits, seminars, and Web3 events in six countries and regions, including Asia and Europe. This strengthened connections between the global Web3 community and crypto users and boosted the brand's global influence.
Gate Web3 Leads ABS 2024: Pioneering New Frontiers in Blockchain
At the ABS 2024 Summit, Gate Web3 showcased its strong leadership in the blockchain community. The event offered attendees opportunities for in-depth learning and exchanges, presenting the vast potential of blockchain technology from multiple perspectives. In his keynote speech, Dr. Han Lin called on global blockchain participants to collaborate to drive technological development, underscoring the critical roles of collaboration and innovation. The summit highlighted Gate's future direction, focusing on innovation, cooperation, and the limitless opportunities that blockchain and Web3 technologies bring. This major event brought together key players in the industry, fostering technological progress and real-world application.
Gate at Coinfest Asia: Empowering APAC Web3 Growth, 2,000 Attendees Ignite the Scene
As an official sponsor of Coinfest Asia, Gate actively promoted the development of the Web3 ecosystem in the Asia-Pacific region. Co-hosted with Alibaba Cloud, the official party attracted up to 2,000 attendees, marking a high point of the event. Through this gathering, Gate reinforced its influence within the blockchain ecosystem, advancing regional innovation and collaboration while showcasing the immense potential and significance of the Web3 space to the audience.
Gate Group Brand Colors Illuminate Tokyo Tower: Web3 Vision VCxIP Summit Ushers in a New Era for the Industry
In a spectacular light show, Gate Group's signature teal and green colors lit up Tokyo Tower for the first time, symbolizing the dawn of a new era in Web3. This moment showcased Gate Group's commitment to driving digital economy growth and technological innovation. The Web3 Vision VCxIP Summit brought together top industry experts and investors to explore cutting-edge Web3 technology and investment opportunities. Through executive discussions and specialized panels, attendees shared insights on the future of Web3, discussing the latest trends and challenges in the field. This event fostered knowledge exchange and promoted cross-sector collaboration, injecting new momentum into the industry's continuous development.
Gate Hosts 2024 Lead Asia Charity Party to Support Philanthropic Causes
The 2024 Lead Asia Charity Party concluded successfully on September 5. With the co-founder of SHIB making a debut appearance, the event drew leaders and enthusiasts from the global blockchain community, all united in advancing philanthropic efforts. The gathering strengthened cohesion within the blockchain community and provided essential funding for the SEUNGIL HOPE Foundation, underscoring Gate's commitment to social responsibility.
Gate Live: The Hub for Community Engagement and Real-Time Crypto Insights
GateLive, Gate's official community live-streaming platform, is a hub for sharing crypto market updates and an open space built for community interaction. From project teams engaging directly with users to expert analysts offering insights into market trends, GateLive brings together rich discussions and in-depth analysis. Users can participate in AMA sessions for popular projects, join experts in interpreting macroeconomic policies and industry trends, or interact directly with content through features like liking and copy trading.
As of Q3 2024, GateLive has attracted over 3.36 million views and successfully hosted nearly 13,000 live sessions, with approximately 4,700 cryptocurrency analysts contributing their knowledge and perspectives to support the community. GateLive has become more than just a content platform; it is now a central space for global crypto community members to connect, learn, and share. Looking forward, GateLive will continue to roll out more community-oriented interactive programs, including live copy trading, mining sessions, market trend analysis, and roundtable discussions, to provide community members with an even more engaging experience.
Gate Strategic Partnerships
Gate drives technological innovation and efficient operations by deepening strategic partnerships with global cloud providers and top international brands. Collaborations with cloud providers like AWS have strengthened platform stability and security. At the same time, the partnership with Inter Milan has expanded global community engagement, combining innovative technology with brand influence to enhance user interaction and market reach.
Strengthening Collaboration with Global Cloud Leaders
Gate leverages cloud providers' robust server and storage capabilities in infrastructure development to ensure platform stability and data security. This quarter, Gate further solidified partnerships with leading global cloud providers, including AWS, Huawei Cloud, Alibaba Cloud, and Tencent Cloud. These collaborations also support Gate's capabilities in data analytics, risk management, and user experience optimization, enhancing the platform's competitiveness and operational efficiency.
In September 2024, Gate and AWS co-hosted the "Gateway to Championships" event in Singapore, where the team shared with attendees how AWS's AI technology is supporting Gate's platform development.
Gate and Inter Milan Forge a New Frontier in Blockchain and Sports Collaboration
On August 25, Gate announced its partnership with FC Internazionale Milano (Inter Milan), becoming its official sleeve sponsor. Driven by shared values of innovation and community engagement, the partnership aims to elevate fan experiences through exclusive content, co-branded merchandise, and diverse fan engagement activities. The Gate logo will appear on the sleeves of Inter Milan's men's, women's, and U20 youth team jerseys.
This exciting collaboration focuses on enhancing the fan experience, offering innovative services and interactive engagement opportunities for Inter Milan's global fanbase. It represents a seamless blend of traditional sports excellence with cutting-edge digital technology.
Gate Charity
Gate Charity: Global Philanthropy, Embracing Responsibility and Compassion
In Q3 2024, Gate Charity achieved remarkable milestones. The team operated across eight countries and regions, successfully organizing 18 charitable events. Their compassionate efforts reached remote villages in Africa, lakeside towns in North America, vast areas in Eastern Europe, and cities and tribal communities in Asia. These initiatives demonstrated Gate Charity's broad vision and inclusive spirit and provided meaningful support to nearly 900 beneficiaries. The assistance covered various fields, including disaster relief supplies, educational empowerment, environmental conservation, animal rescue, and medical support, leaving a profound social impact. Gate Charity is committed to expanding its influence and supporting even more needy people, underscoring its leadership and sense of responsibility in global philanthropy.
Vietnam Typhoon Relief: Rapid Emergency Response and Commitment to Recovery
Gate Charity provided emergency assistance to Vietnamese communities affected by Typhoon Yagi, demonstrating its quick response capabilities and sense of social responsibility in disaster relief. This aid helped alleviate immediate food shortages and offered essential support to families during the challenging post-disaster period. Although the impact of Typhoon Yagi continues to affect the region, the combined efforts of Gate Charity and other organizations are helping affected communities in Yen Bai Province gradually return to normal life.
Benin, Africa: "Empowering Minds" Book Donation Project Supports Children's Education and Growth
On August 24, 2024, global charity organization Gate Charity officially launched the "Empowering Minds" book donation project in collaboration with the FENOU ILE orphanage in Abomey-Calavi, Benin. This initiative aims to provide a wealth of literary resources for the orphanage's children. By donating books, the project seeks to help disadvantaged youth cultivate a love for learning, enhance their self-development skills, and support their education and growth.
Istanbul, Turkey: Caring for the Elderly, Spreading Warmth and Love
On August 31, 2024, the Gate Charity team visited the Goztepe Semiha Şakir Nursing Home in Istanbul, bringing warmth and companionship to the elderly residents. This event aimed to convey warmth and reduce feelings of loneliness among seniors while strengthening the connection between Gate Charity and the community, fulfilling its commitment to social responsibility.
São Roque, São Paulo, Brazil: Gate Charity Partners with Animal Forum to Protect "Animal Land" Shelter
Gate Charity has partnered with Animal Forum (Fórum Animal) to support the "Animal Land" shelter in São Roque, São Paulo. This shelter houses over 500 animals, including dogs, cats, and various farm animals, and is dedicated to rescuing and caring for animals saved from cruel conditions. This collaboration aims to help the shelter address ongoing needs related to cleaning, animal care, and maintenance of living environments.
Gate Education
In the third quarter of 2024, Gate advanced blockchain knowledge dissemination and in-depth research through Gate Learn and Gate Research. Gate Learn expanded its courses and learning activities, covering several trending areas, and incentivized user participation through a rewards mechanism. Meanwhile, Gate Research focused on industry technology and policy, publishing regular reports and specialized studies to provide users with deep insights into emerging trends.
Gate Learn Advances Blockchain Education
During the third quarter of 2024, Gate Learn continued to monitor industry developments, achieving significant progress in content innovation and resource availability. The platform launched a total of 938 high-quality articles, 26 courses, and one learning video, covering over ten popular topics, including Ton applications, meme launch platforms, Web3 hardware, ETF developments and impacts, Solana ecosystem applications, Bitcoin Layer 2 solutions, and AI + Web3 projects. Since October, Gate Learn's content library has expanded to 4,215 articles, 175 courses, and ten learning videos, encompassing most industry knowledge.
To further enhance the user learning experience, Gate Learn introduced master classes and daily learning sessions that allow users to earn rewards while learning. Gate Learn also collaborates with experienced mentors to host live classes regularly, discussing cutting-edge technologies and project developments. Additionally, through partnerships with global campus ambassadors, they aim to bring blockchain technology and Web3 culture into schools, promoting knowledge dissemination in various regions. Looking ahead, Gate Learn will continue to optimize its content strategy, improve content quality, expand the scope of courses and videos, quickly interpret industry hotspots, and support users in mastering the latest developments as they navigate their journey through the crypto world.
Gate Research Expands New Horizons in Blockchain Research
As a blockchain and cryptocurrency research platform, Gate Research continued to provide readers with in-depth insights and analysis throughout the third quarter of 2024. During this period, the research institute published 47 regular reports (including daily, weekly, and monthly industry reports), analyzing over 100 cutting-edge technologies and major policy-driven events. Gate Research also established an industry data monitoring system, regularly tracking and disclosing data on public blockchain development, trading volumes, financing events, and key project metrics. In total, over 50 industry highlight data points were disclosed, helping readers stay ahead of industry dynamics and spot potential opportunities. Gate Research also closely monitored important industry events, such as the Mt.Gox case and ETH ETFs, providing timely updates.
In addition to regular industry reports, Gate Research conducted special studies on critical market technologies, trending ecosystems, and market developments, releasing three in-depth reports in Q3. These covered the development trends in AVS technology, an analysis of Based Rollup technology, and a ten-year retrospective series on the cryptocurrency market. Furthermore, research projects have been initiated in over 20 emerging fields and sectors, including the Move language ecosystem, TON ecosystem, meme sector, crypto regulatory policies, and PointFi. Looking ahead, Gate Research plans to increase the frequency of its special reports, covering more frontier technologies, emerging sectors, and regulatory developments. This will help readers keep a pulse on the industry, gain insight into future trends, and obtain a broader perspective on the blockchain landscape.
Conclusion
As the third quarter of 2024 successfully concludes, Gate has once again demonstrated its leadership in the cryptocurrency and blockchain industry. Looking forward, Gate remains committed to providing an exceptional trading and investment experience through ongoing product innovation, service expansion, and global collaborations. The platform continuously optimizes its risk control systems, contract trading, smart quantification tools, and diversified financial products. Additionally, Gate actively supports industry education, community building, and charitable initiatives, with the goal of building a more diverse and sustainable ecosystem.
With ongoing innovation in security, trading, and ecosystem development, we firmly believe that Gate will offer users a more secure, innovative, and diversified environment for blockchain engagement. We extend our heartfelt gratitude to all users and partners for their support. We look forward to joining hands with the global community to advance toward a safer and more innovative Web3 future.
