#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
Sonic Labs Mainnet generated the first Block, TokenAirdropSnapshot completed
CoinVoice has recently learned that according to The Block, Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its Mainnet has generated the first Block, marking the completion of the 'Genesis' phase and is expected to be officially launched soon. A few days ago, the project also launched an upgraded Testnet 'Blaze'.
The team previously announced that they are expected to launch the Mainnet at the end of November or the beginning of December. Sonic Labs has completed the S Token Airdrop distribution Snapshot, supporting 1:1 exchange with Fantom's FTM Token, and introducing the Sonic gateway to enable cross-chain bridges functionality. [Original article link]