#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
Avalanche supports the Fusion launch, investing $100 million to promote Blockchain adoption.
Source: Cointelegraph Original text: "Fusion launch supported by Avalanche, investing $100 million to promote blockchain adoption"
Avalanche, Helix, and Faculty Group have jointly launched Fusion, a brand new blockchain ecosystem designed to drive real-world applications through modular infrastructure tailored to specific industries.
Fusion is built on Avalanche and adopts a dual-layer architecture, including builders (composers), a customizable Layer-1 network, and modules that provide plug-and-play services such as computation, identity authentication, and data oracles.
The team stated that this approach will be the mainstream answer, as they aim to create a "results-oriented, domain-specific" blockchain economic system.
A Fusion spokesperson said in an interview with Cointelegraph: "To achieve widespread adoption, our industry needs to shift from selling block space to providing business value." They added that Fusion integrates economic consistency, network design, and composability to achieve real-world outcomes.
The Fusion team expects that the two core components of the protocol - builders and modules - will achieve significant development and adoption in the next two to three years.
The spokesperson told Cointelegraph that they will launch five builders and nearly 100 modules in the first year. The team expects this number to more than double in the next two to three years.
The spokesperson stated: "Due to the design of the ecosystem, we expect that the Fusion ecosystem will include dozens of builders and hundreds of modules within the next two to three years."
The spokesperson added that the architecture of Fusion is designed to allow enterprises and Web3 builders to combine technology, financial tools, and identity features in ways never seen before.
The spokesperson also stated: "Fusion is an initiative led and funded by the Avalanche community, only technically feasible on Avalanche." They claimed that the initiative strengthens Avalanche's position as a blockchain that provides real-world business value.
The project is funded by resources allocated from existing Avalanche projects. According to Fusion's announcement, the funds will come from Avalanche's Multiverse (an incentive program designed to accelerate the adoption of Avalanche subnets) and Retro9000 (a funding program that rewards developers who build infrastructure and tools).
Fusion also utilized funding from InfraBUIDL and InfraBUIDL AI, which aim to finance Avalanche-based projects.
Related recommendations: Bitcoin (BTC) privacy enhancement tool Payjoin receives $100,000 funding from the Maelstrom Foundation.