DeFi

UNUS SED LEO（LEO） is a platform ecosystem token launched by iFinex, the parent company of Bitfinex. One of its distinctive features is that it does not exist on only one blockchain network. Instead, it was issued on both Omni Layer and Ethereum. This “dual chain structure” is uncommon among platform tokens and made LEO one of the earlier exchange platform tokens to adopt a cross chain asset model.

LEO’s burn mechanism is essentially a platform buyback based deflationary model. Like many platform tokens, LEO does more than provide trading fee discounts. Its economic model is also closely connected to Bitfinex’s platform revenue structure.

The core difference between Injective vs Sei is that Injective leans more toward on-chain financial infrastructure and order book trading, while Sei places greater emphasis on a high-performance EVM execution environment and parallelized transaction processing.

The INJ token is the native asset of the Injective network. It is mainly used for on-chain governance, network staking, fee payments, burn mechanisms, and ecosystem incentives.

Injective (INJ) is a Layer 1 public blockchain built around on-chain financial use cases. Its design focuses on improving the efficiency of decentralized trading systems, cross-chain asset movement, and compatibility with financial applications. Unlike traditional DeFi-focused blockchains, which mostly rely on the AMM model, Injective places greater emphasis on on-chain order books, low-latency trading, and modular financial infrastructure.

Injective’s cross-chain mechanism connects different blockchains through components such as IBC and Peggy Bridge, allowing assets and messages to move between Injective and external networks.

BGB, BNB, and GT are all platform tokens within crypto exchange ecosystems, which is why users often compare them. While all three support trading fee discounts, ecosystem benefits, platform incentives, and similar functions, they differ clearly in their underlying structures, onchain ecosystems, burn mechanisms, and Web3 expansion strategies.

Bitget Token (BGB) is the platform token of the Bitget ecosystem. It is mainly used for trading fee discounts, Launchpad participation, onchain gas payments, staking benefits, and ecosystem incentives. As crypto trading platforms gradually expand into Web3 infrastructure, BGB has evolved from a traditional platform rewards asset into an important bridge between centralized trading services and onchain ecosystems.

UNI is the governance token of the Uniswap protocol, used for community governance, protocol upgrade proposals, and on-chain voting. UNI holders can take part in key decisions related to the protocol’s direction, treasury use, and fee mechanisms. Unlike the platform tokens of traditional trading platforms, UNI focuses more on decentralized governance than trading discounts or profit sharing. Through its on-chain governance mechanism, the Uniswap community can advance protocol upgrades and ecosystem expansion without control from a centralized institution.

Uniswap v4 is the next-generation upgrade of the Uniswap protocol. Through Hooks, custom liquidity pools, and Singleton architecture, it strengthens the programmability of DeFi protocols and improves liquidity management capabilities. Compared with v3, v4 allows developers to add more custom functions to trading, liquidity management, and fee logic.

Uniswap is an Ethereum-based decentralized exchange protocol that enables on-chain token trading without an order book through an automated market maker, or AMM, mechanism. Users can swap assets by interacting directly with liquidity pools, without relying on a centralized intermediary platform.

Impermanent loss is a form of asset value divergence that Uniswap liquidity providers, or LPs, may face when supplying liquidity. When the prices of assets in a liquidity pool change, the actual value of an LP’s holdings may become lower than if they had simply held the assets. This loss mainly comes from the AMM mechanism and the changing ratio of assets in the pool. The greater the price movement, the more noticeable impermanent loss usually becomes. Although LPs can earn trading fees, fee income may not fully offset potential losses in highly volatile markets.

Gate Prediction Market is a new type of event trading product built around trending events, probability trading, and market sentiment. Its core logic is to let users trade and evaluate future event outcomes through a mechanism where “prices reflect expectations.” As on-chain prediction markets develop rapidly, prediction markets are evolving from traditional prediction tools into infrastructure for information aggregation and probability pricing.

Gate Prediction Market is an event trading product system built around major global events. Users can make predictions and trade future outcomes across different themes, including sports, crypto markets, macro events, and social trends. Unlike the traditional “fixed odds” model, prediction markets are closer to “probability pricing markets,” where event outcomes continuously change in response to market trading behavior.

Gate Prediction Market is a prediction market product built around major global events. Users can trade “Yes/No” shares tied to different event outcomes, expressing and pricing their views on the likelihood of future events. As prediction markets gradually become part of information finance, or InfoFi, more platforms are beginning to combine trending events, market sentiment, and on-chain trading mechanisms.