Gate Wallet Upgrade Adds 99+ Chains, Cuts Gas Fees for 61M Users

Published: 2025-06-11 08:32:32 |

Gate Wallet has rolled out a major Web3 wallet upgrade aimed at delivering broader chain support, lower transaction costs and stronger security. The new release integrates 99+ public blockchains—including Bitcoin, Ethereum, Solana and TON—allowing users to handle Ordinals minting, DeFi on Aptos and more from a single interface. Private keys remain device-side, while biometric login and optional Ledger integration enhance security; an in-wallet risk-scanning engine flags malicious contracts before signing. A gas-prediction engine monitors Ethereum mempool data (P50-P95) to recommend dynamic fee tiers, and a smart order router aggregates liquidity from 15 leading DEXs such as Uniswap and SushiSwap. Internal testing claims an 80% average reduction in gas fees on common swaps. These features have driven rapid adoption: 61 million new addresses were created in 2024 (33× year-on-year), assets under custody reached US$27 billion and swap volume surpassed US$1 billion. More than 15,000 pre-integrated DApps and periodic airdrops worth US$1.6 million have boosted engagement, while SDKs and 200+ APIs lower developer onboarding costs by 90%. For traders, Gate Wallet’s expansion may deepen cross-chain liquidity, lower execution costs and broaden retail access to DeFi, but it does not immediately alter the supply-demand dynamics of major crypto assets.

Neutral

The upgrade strengthens Gate Wallet’s feature set and signals growing retail participation, yet it does not introduce new tokenomics, regulatory shifts or macro catalysts that typically move market prices. Similar wallet feature roll-outs by MetaMask and Trust Wallet in the past produced negligible effects on BTC or ETH valuation, though they marginally improved DEX volumes. Traders may benefit from lower execution costs and wider liquidity, but these micro-level efficiencies rarely spark broad price rallies. Therefore, the immediate market impact is best viewed as neutral, with a potential long-term positive bias for sectors tied to multi-chain DeFi infrastructure.