Scan to download
BTC $67,187.60 -1.44%
ETH $2,022.48 -1.41%
BNB $628.74 +0.19%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $478.78 -3.81%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $67,187.60 -1.44%
ETH $2,022.48 -1.41%
BNB $628.74 +0.19%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $478.78 -3.81%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

gas

Aptos updates token economic model: supply capped at 2.1 billion, Gas fees increased by 10 times, and buyback plan initiated

Aptos announced an update to the APT token economic model, shifting to a performance-driven token supply mechanism that links APT supply to the actual usage of the network. Specifically, this update includes the following seven items:Reduce staking reward rate and incentivize long-term stakers. The Aptos Foundation has proposed to lower the annual staking reward rate from 5.19% to 2.6%. Additionally, the Aptos Foundation is exploring a governance proposal to change the staking framework to better align incentives with long-term network participation.Increase Gas fees by 10 times. Aptos is currently one of the lowest-cost blockchains, and given the current transaction fees are so low, the Aptos Foundation will propose to increase Gas fees to 10 times the current amount through governance proposals. After the increase, the transfer fees for stablecoins on the network will still be as low as approximately $0.00014.Transaction utilization and fees. A new deflationary mechanism will be introduced through the decentralized exchange protocol Decibel on the Aptos chain, where high-frequency trading activities will significantly consume and destroy APT. Currently, all forms of transactions paid in APT on the network, or "gas fees," will be permanently destroyed. Decibel, incubated in collaboration with Aptos Labs and the Decibel Foundation, represents one of the first fully decentralized exchanges where all trading activities are executed on-chain: every order, match, and cancellation is executed on-chain. With 100% on-chain execution, the launch of Decibel's mainnet will greatly enhance the transaction throughput of the Aptos blockchain.Hard supply cap fixed at 2.1 billion APT. Once approved by the community, no new tokens will be minted beyond this cap.Foundation permanently locks 210 million APT. The Aptos Foundation will ensure that 210 million APT are locked and permanently staked in the network. These tokens will never be sold or distributed and will be permanently locked.Performance-linked grant issuance. In the future, the Aptos Foundation will primarily focus on providing future grants and rewards that will only be redeemed upon achieving key milestones related to Aptos's role as a "global transaction engine."Launch a programmatic buyback plan. The Aptos Foundation has committed to exploring a protocol buyback plan or reserve that will programmatically buy back APT on the open market based on market opportunities.

Gate Wallet launches Gate DEX Gas-Free Benefits Month, with additional benefits for deposits

According to the official announcement, Gate DEX will launch a "Gas-Free Benefits Month" special promotion from February 10, 19:00 to February 25, 19:00 (UTC+8). During the event, Gate DEX will provide both new and existing users with multi-dimensional gas-free subsidies covering token sending, authorization, and trading, aiming to reduce users' on-chain interaction costs through full-process subsidies.It is reported that for users who create or import a new wallet within 7 days, Gate DEX offers 3 full-process gas-free opportunities; existing users can also receive 2 advanced gas-free benefits each month. In addition, the event features a "Recharge Bonus Gift," where users can activate additional token authorization and trading gas-free benefits instantly by pre-depositing 50 USDT to the gas station in a single transaction.The gas station is a recently launched multi-chain basic feature of the Gate wallet. By binding a dedicated gas account 1:1 with the user's EVM wallet, when users initiate on-chain transactions and the native gas is insufficient, they can choose to use the gas station balance to cover network fees, ensuring the smooth completion of transactions. This feature supports 10 mainstream EVM networks, including Ethereum, BNB Smart Chain, Arbitrum, and Polygon, and allows deposits of over 100 mainstream crypto assets, including GT, USDT, USDC, ETH, and BNB.

Gate wallet launches Gas Station, covering 10 mainstream EVM networks to enhance multi-chain trading experience

The cryptocurrency trading platform Gate's Gate Wallet has officially launched the Gas Station feature, further strengthening its capabilities in the Web3 multi-chain infrastructure layer. This feature primarily addresses the common issue of insufficient Gas during multi-chain interactions by providing a dedicated Gas account that is 1:1 bound to the user's EVM wallet, automatically covering network fees when native Gas is insufficient, thus preventing transaction interruptions.Currently, the Gas Station supports 10 mainstream EVM networks including Ethereum, BNB Smart Chain, Base, Arbitrum, Avalanche, Polygon, Optimism, Linea, GateChain EVM, and Gate Layer, and supports over 100 types of cryptocurrency assets for recharge, enabling cross-chain and cross-asset Gas payment methods.In addition, the platform has launched a limited-time incentive where new users can receive exclusive Gas subsidies upon completing their first deposit, and active trading users can enjoy cashback based on the recharge amount and high commissions for inviting friends while continuously using the Gas Station feature.The Gas Station helps lower the operational threshold for users in a multi-chain environment, promoting a more everyday experience in Web3. Through underlying experience optimization, Gate is consolidating its hub position in the Web3 ecosystem and providing ongoing support for broader user participation in the on-chain world.
app_icon
ChainCatcher Building the Web3 world with innovations.