Gate Wallet launches Gas Station — first-time deposits get gas fees covered
Gate Wallet has launched a time-limited Gas Station incentive from Jan 27 14:00 to Feb 4 14:00 (UTC+8). During the campaign, users who make their first deposit of 5–100 USDT into the Gas Station will have on-chain gas fees paid by the platform, allowing deposits even if the wallet lacks native gas tokens. New users who create or import a Gate Wallet and enable the Gas Station for the first time will receive an extra 2 USDT gas subsidy on top of the base gas-fee waiver. The Gas Station is a multi-chain utility that binds a dedicated gas account 1:1 with users’ EVM wallets and can cover network fees from its balance when native gas is insufficient. It supports ten major EVM networks including Ethereum, BNB Smart Chain, Arbitrum and Polygon, and accepts deposits in over 100 mainstream crypto assets such as GT, USDT, USDC, ETH and BNB. The promotion aims to increase on-chain activity and lower friction for users interacting with EVM networks by reducing the barrier of native gas requirements.
Bullish
The announcement is mildly bullish for short-term on-chain activity and user onboarding. By subsidizing gas for first-time deposits and offering a small extra gas credit for new wallets, Gate lowers friction for users who lack native gas tokens — this tends to increase deposits, contract interactions and trading volume on supported EVM networks. Similar past promotions (fee subsidies, gasless onboarding) have produced short-term upticks in user registrations and on-chain transactions, which can boost liquidity and trading flows for assets available on the wallet. The effect on token prices (GT, ETH, BNB etc.) is likely limited and temporary: fee subsidies drive usage rather than fundamental demand. In the medium to long term, persistent usability improvements (multi-chain gas solutions) can support higher platform adoption and incremental trading volume, but unless paired with deeper incentives or product changes, the market impact will remain modest. Risks: the campaign could attract opportunistic deposits that withdraw after subsidy, and broader network conditions (high gas on Ethereum) could limit user activity despite the subsidy.