#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
Aavegotchi will migrate from Polygon to Base and cease operations of Geist Layer 3.
According to Techub News, reported by The Block, Aavegotchi DAO voted to migrate from Polygon to Base with over 95% support and to cease operations of Geist Layer 3. This strategic shift comes after significant layoffs at its development company Pixelcraft Studios to reduce costs and extend operational time. As part of the migration plan, Aavegotchi's smart contracts based on Polygon will be upgraded to prevent transfer and state adjustments, while all Aavegotchi assets (including Aavegotchi, wearables, badges, REALM Parcels, Forge assets, and FAKE Gotchi) will be minted 1:1 on Base. The migration is expected to take 4 to 6 weeks, including an audit period.