#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
The Dogecoin community developed the Cardinals tool to implement the UTXO model smart contracts functionality.
According to ChainCatcher news, the Dogecoin community is building a decentralized indexing client called Cardinals, which introduces structured data to the UTXO model, enabling non-EVM chains to acquire smart contract capabilities. This tool supports operations such as token issuance, exchange, and options trading on UTXO, and can execute business logic through inscriptions. Users can run the index client on desktop or mobile, achieving full node Decentralization. This technological breakthrough provides a smart contracts behavior extension solution for UTXO blockchains without relying on EVM.