Under pressure of liquidity, exchanges are shifting, and Gate's full asset layout effects are beginning to show

According to the latest in-depth report by ChainCatcher, as liquidity in the cryptocurrency market continues to be under pressure and the trading activity of native assets declines, an increasing number of exchanges are turning their growth focus towards the on-chainization and derivatives trading of traditional assets such as metals and U.S. stocks. Among them, Gate is gradually demonstrating its platform advantages in this round of "all-asset competition" due to its early establishment of a complete product system and leading trading activity.

Data from Coinglass shows that during the recent fluctuations in metal prices, the 24-hour trading volume of Gate's XAUT contracts remained stable in the range of $300 million to $500 million, with trading activity ranking among the top in the world for similar assets. In addition, Gate has maintained a high level of trading stickiness during the downturn in crypto spot markets through methods such as TradFi launch celebrations and trading incentives, with its strategy leaning more towards a "long-term retention" approach to all-asset expansion.

ChainCatcher believes that as the industry gradually shifts from the "crypto narrative internal cycle" to a new stage of "global asset on-chain," the core of exchange competition is no longer just the speed of new listings, but rather the ability to find a balance between compliance boundaries, liquidity support, and risk management. From the current progress, Gate is occupying a more advantageous position in this structural shift and is expected to continue amplifying its first-mover advantage in the next stage of the integration of TradFi and the crypto market.