#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 DeFi lending platform Spark launches a 300 million SPK Airdrop, with a claiming window lasting 6 weeks.
Gate News bot message, Spark announced the launch of the first phase of the Ignition Airdrop on Tuesday.
Users who lend or borrow tokens on Spark, or deposit tokens issued by its parent protocol Sky on other DeFi protocols, are eligible to share a token pool containing 300 million SPK tokens, which is valued at approximately 18 million dollars as of the time of writing (based on current prices).
SPK holders will be able to participate in future Spark governance and stake to earn more rewards in future Airdrops. Spark stated in a post on X that staked SPK may also be used to secure the protocol in the future. Based on the amount deposited, Spark is currently the fourth largest DeFi protocol.
The total supply of SPK is 10 billion pieces, which will be distributed over the next 10 years.
65% of the supply will be distributed as rewards to users of Spark and Sky, 23% will be used to support the growth of the protocol, and an additional 12% will be allocated to Spark contributors and team members.
Users eligible for the SPK Airdrop have six weeks to claim their tokens.
Source: DL News