Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Thoughts on public blockchains in 2026:
Thoughts on public chains in 2026:
The strategy of “controlling inflation + high interest rate savings + DeFi trifecta + founder meme + our own hyperliquid + crazy OTC selling to liquid funds” is no longer viable.
This is not only a problem Monad and MegaETH need to face, but also Rise, Fogo, and even N1. Old public chains, it depends; Sei and Polygon still seem to be struggling, most have already given up.
The loyalty of projects incubated on day 1 of public chains remains questionable, because among the few founders in the industry, options include BNB Chain, Solana, and even Base. Most new deployments target the public chain foundation’s treasury. Once backed by endorsements and after attracting the first wave of community users, founders are motivated: 1) to build their own app chains to support valuation; 2) to switch to other chains and compete.
As a result, some founders no longer call themselves xx ecosystems, but say xx chain is our “GTM Partner.”
So, ecosystem projects are too weak to support, or too strong and end up backstabbing their benefactors like Lü Bu.
The original free-range, neutral public chain development model has basically ended, and the valuation model based on MEV income needs revision (here @LeePima). Today’s public chains are more about carrying a controllable system rather than potential, focusing on fintech within a controllable economic system.
Future public chains will be a centralized power structure, with top-down dev shops and CVCs. The main role of the treasury will be M&A, with aggressive vertical integration rather than ecosystem cultivation. In other words, there will no longer be kingmakers like Solana (cc. @mablejiang).
In this sense, BNB Chain, Tempo, and Monad are heading in the same direction, just with different resource advantages and regional differences.
The final question is: how should we model FDV at this point to speculate accordingly? And since the skill set is entirely geared toward token-selling, pump-and-dump economic models, growth managers, operations, and other roles—perhaps the old playbook won’t work on the new ship.