On August 14, 2025, Bitcoin broke through $124,400, and the total market capitalization of cryptocurrencies soared to a historic high of $4.26 trillion. In this capital feast, Gate Launchpad strongly positioned itself with innovative mechanisms: since its restart in May, the three projects it launched, PFVS, PUMP, and IKA, have been oversubscribed by an average of 434 times, with the highest first-day increase reaching 450%, and each project raising over $348 million, becoming the core asset issuance engine in this bull run.
Mechanism Revolution: The Precise Design of Dual-Track System and Financialization of Time Value
The core competitiveness of Launchpad lies in the continuous evolution of the allocation mechanism. Gate achieved a triple breakthrough in its three issuances in 2025:
Dual-track risk diversion: The IKA project adopts a dual-pool design for the first time with USD1 (80%) + GT (20%). The USD1 pool avoids GT price Volatility risk provides stability; the GT pool retains arbitrage space (if GT falls, it can reduce subscription costs). The market has投出避险偏好票 with a subscription ratio of 228 million USD1 : 6.59 million GT (nearly 4 : 1).
Time Dimension Financialization: Breaking the traditional lottery model, IKA introduces the "Hourly Snapshot + Proportional Allocation" rule—tokens are allocated based on the average locked-up proportion of users every hour, making it clear that "the earlier you participate, the higher the returns." This move transforms time into a financial variable, suppresses institutional multi-account strategies, and favors genuine early participants.
Issuance Model Comparison Experiment:
PFVS (Small Volume High Explosion): 10 million supply, created a 450% first-day increase, attracting 35,553 retail investors.
PUMP (High Circulation Durability): Supply of 2.5 billion, 306 times oversubscribed, daily trading volume consistently maintains 120 million USD
Ecological Synergy: The Growth Flywheel of Users, Assets, and Institutional Businesses
The explosion of Launchpad drives Gate’s entire ecosystem to form a closed-loop synergy:
User and Asset Expansion: In the three months since the restart, Gate Alpha has launched nearly a thousand on-chain assets, P2P services cover 80 countries with over 50 fiat currencies, and there are more than 450 payment channels, with a month-on-month conversion rate increase of 5.7%.
Rise of Institutional Business: The number of institutional users increased by 27% month-on-month, and contract trading volume rose by 33.59%. The total value of platform reserves is 10.453 billion USD (excess reserve ratio of 23.09%) and 100% asset transparency verified by zero-knowledge proof, becoming the core leverage to attract professional funds.
Product Innovation Linkage: The "Dual Income Plan" launched on August 12 allows users to automatically transfer their staked BTC, ETH, GT, or USDT in Launchpool to the Yubi Treasure fixed term, accumulating airdrop rewards and a maximum annual yield of 4%.
As of August 15, Gate’s global users have exceeded 34 million, and its market share has jumped to second place in the world, confirming that the ecological flywheel effect has taken shape.
Compliance and the Future: The Ecologicalization of Stablecoins and Positioning in the Global Incremental Market
At the underlying layer of mechanism innovation, compliance constitutes an invisible pillar of growth:
License network covers over 10 countries: In Q2 2025, obtained VASP license in Dubai, incorporating the Middle East into the service network, while simultaneously advancing compliance layout in regions such as Lithuania and Japan.
Stablecoin strategy upgrade: IKA subscription triggered a migration of $196 million USD1 funds, pushing Gate’s USD1 holdings to become the second largest among global exchanges. In the future, USD1 will upgrade from a subscription tool to an ecological base currency, covering trading pairs (BTC/USD1 spread narrowed to 0.1%), lending collateral, and other scenarios.
The three major evolutionary directions for the future are clear:
Mechanism Refinement: Dual-track system or upgrade to multi-asset dynamic allocation (e.g. introduction of LST), time-weighted rules will increase returns progressively based on the duration of the lock-up.
Stablecoin closed-loop ecosystem: Based on Glassnode’s prediction that the exchange stablecoin holdings will exceed $200 billion by 2026, a financial closed-loop of trading - staking - derivatives will be constructed.
Deepening in emerging markets: Using the Middle East compliance license as a lever, combined with localized operations (such as the Dubai SPORT 3 Carnival attracting 110,000 users), to leverage incremental funds.
Conclusion: Reconstructing the Competitive Logic of the Cryptocurrency Asset Issuance Market
As traditional exchanges retract their Launchpad business, Gate leverages a breakthrough in mechanism: single projects attracting stablecoins at the level of 200 million, driving a month-on-month surge of 44% in derivatives trading volume (reaching 374 billion). Essentially, it transforms stablecoins from speculative tools into infrastructure, and on the ecological foundation of 34 million users and tens of billions in reserves, Gate Launchpad constructs a true moat for the crypto economy with a threefold engine of mechanism revolution × ecological synergy × compliant expansion—where every innovation in token distribution reshapes the global map of capital flow.
