Gate Fun is currently the most active "token issuance factory" in the Gate Layer ecosystem, focusing on "zero-code token creation in 1 minute," and has become an important launchpad for Chinese Meme coins. Its development is in a stage of "explosive growth but with uneven quality."

Core Data: Token issuance machines and traffic hotspots

Token issuance scale: Since launching in September 2025, it has become the core platform for on-chain Meme launches. During the January 2026 "Chinese Meme Contest," over 1,000 tokens were created within 24 hours, and more than 6,000 Chinese Memes emerged in a single month, generating high popularity.

User base: Relying on Gate's massive global user base of over 50 million registered users, combined with seamless traffic flow through Gate Wallet and App, it is currently one of the most engaged C-end products on Gate Layer.

Product mechanism: Extremely low barrier and ecological closed-loop

Zero-code token creation: Users do not need programming skills; after connecting their wallet (Gate Wallet/MetaMask), they only need about 0.0000042 GT (approximately 0.00007 USD) in Gas fees, and can deploy tokens within a minute, supporting custom names and symbols.

"Graduation" mechanism: When the fundraising progress of a token reaches 100% (about 1000 GT), the system automatically migrates liquidity to Gate Swap for open trading. Creators can receive a 50 GT reward and unlock trading fee sharing, forming a closed loop of "token issuance - trading - profit sharing."

Social integration: Deeply integrated with Gate Square, each token has a dedicated community page supporting posting and voting, attempting to turn "speculating on coins" into "community operation."

Market performance and risks

Wealth effect: Tokens that successfully "graduate" early (such as "I’m coming," "Malge Coin," etc.) have experienced several times increase in a single day, attracting a large amount of speculative capital.

Very high risk: Over 99% are worthless "dirt coins." Due to the extremely low creation cost and very short project lifecycle, there is a serious risk of exit scams and zeroing out. Official activities (such as the $50k prize pool competition) can temporarily boost popularity but cannot change the inherently high淘汰率.