Gate has just wrapped up one of the most eventful weeks in its recent history, with major developments breaking on three fronts at once. Moderna (MRNA) surged 177% intraday after Phase 3 trial results for its personalized mRNA melanoma vaccine made headlines, pushing Gate's MRNA perpetual futures into the top three globally by open interest. At the same time, the platform delivered an industry first by launching Japanese stock trading, giving users USDT-denominated access to roughly 300 Tokyo Stock Exchange listings — spanning one of Asia's largest equity venues — without requiring a Japanese brokerage account. In commodities, gold crossed $4,530 while silver climbed past $67, with Gate's XAU and XAG futures open interest both ranking among the top two platforms worldwide. Taken together, the week's activity reflects an exchange in the middle of an aggressive expansion across asset classes, markets, and geographies — and one competing in a market where rivals are racing to offer traditional-asset exposure from crypto accounts.

TradFi Futures: Rankings Across the Board

The equity derivatives segment remained highly active. In an analysis comparing TradFi perpetual offerings across major centralized exchanges, on-chain analyst @defioasis found Gate leading the field with 399 tradable instruments, ahead of Bitget (291), Bybit (204), Binance (170), and OKX (161). SanDisk (SNDK) was the highest-volume single instrument across all platforms over the measured period, with Gate recording $3.49 billion in 24-hour volume. The analyst observed that while headline asset counts vary, listing speed for high-demand assets is becoming an increasingly decisive competitive factor. For readers new to the format, these perpetuals are derivative contracts that track an underlying asset's price with no expiry date and no ownership of the underlying shares — allowing long or short exposure from a crypto exchange account rather than a securities brokerage.

At the individual asset level, Gate ranked first among centralized exchanges in both 24-hour trading volume and open interest for ChangXin Memory Technologies (CXMT) — a Chinese DRAM manufacturer — posting $9.99 million in volume and $8.38 million in open interest. UNITREE, referencing Chinese robotics maker Unitree, placed second across major CEXs in both open interest ($7.18 million) and 24-hour volume ($46.24 million). SK Hynix (SKHYNIX), the South Korean memory-chip producer, gained 11.39% intraday, and Gate's open interest for the name ranked in the global top two alongside Binance. Several of the most-traded names share a memory-storage theme — ChangXin, SK Hynix, and SanDisk all produce memory chips — while Unitree adds a robotics angle. In tokenized equities, Gate's METAX futures led the market in both volume ($1.72 million) and open interest ($2.46 million), while SPCX ranked third globally with $325.6 million in volume and $116.67 million in open interest.

Market Data and Exchange Rankings

CoinGlass data shows BTC 24-hour global spot volume reached $8.71 billion during the measured period, with Gate accounting for $1.11 billion. ETH spot volume came in at $6.19 billion, of which Gate recorded $842 million; ETH futures volume reached $96.89 billion, with Gate contributing $7.30 billion and holding $2.60 billion in open interest.

On a day when BTC surged more than 8% to $75,452, Gate ranked among the global top three simultaneously across BTC spot, ETH spot, and ETH futures volume — a signal of platform resilience under high-volatility conditions.

DefiLlama data placed Gate second among major platforms in 30-day net inflows at $308.1 million — deposits minus withdrawals, a gauge of net user fund movement — while BTC and ETH reserve ratios stand at 124.2% and 122.02% respectively, against an overall coverage ratio of 117% across approximately 500 user assets; ratios above 100% indicate reported reserves exceed the corresponding user balances. Separate ChainCatcher data confirmed Gate led all exchanges in BTC wallet balance growth over the past seven days, with a 3.43% increase and net inflows of $287 million — ahead of Binance's $281 million.

Platform Products and Campaigns

On the staking side, Gate's SOL staking product crossed 662,000 SOL staked — an all-time high — with a reference APR of 7.86% and support for instant redemption. The platform's USD1 (World Liberty Financial USD) holdings, a dollar-pegged stablecoin, reached $515.14 million according to DefiLlama, and an ongoing Soft Staking campaign offers an estimated 8% APR to users holding USD1 in their asset accounts, with no lock-up required.

Gate also launched its Aligned (ALIGN) token through a Launchpool event running August 21 through September 11, distributing 10,000,000 ALIGN tokens across USDT, GT, and ALIGN staking pools. Rewards are distributed hourly and fully unlocked. Separately, the platform kicked off a CFD Dual Leaderboard Trading Competition running through September 1, offering up to 17,776 USDT per user across two parallel leaderboards — one tracking profit, the other cumulative volume — with a combined prize pool of approximately $85,200 USDT.

Institutional Infrastructure

Gate Institutional expanded its multi-asset service framework this week, responding to divergent market conditions: modest easing in U.S. inflation data, offset by concerns over weakening retail sales. Despite the broader caution, TradFi trading on Gate maintained approximately $115 billion in weekly volume. The platform's proprietary CrossEx system now supports unified cross-exchange account and position management across multiple mainstream venues, with the aim of reducing operational overhead for institutional clients trading across asset classes.

Gate US Card Goes Live

Gate US Card launched for eligible U.S. users, enabling payment with USDT, USDC, BTC, and ETH via Apple Pay and Google Pay at more than 150 million Visa-accepting merchants. Gate US currently holds 36 state-level Money Transmitter Licenses across 47 jurisdictions — the state-by-state authorizations required to move customer funds in the U.S. — while Gate Europe holds both MiCA and PI licenses under the EU's Markets in Crypto-Assets and payment-services regulatory frameworks.

Gatecast Episode 5: Yat Siu on Altcoins and AI Agents

In the latest episode of Gatecast, Yat Siu — co-founder of Animoca Brands, the Hong Kong-based Web3 gaming and investment company — argued that altcoins may evolve into crypto's "stock market" as Bitcoin increasingly resembles digital gold, and that AI agents with autonomous wallets are likely to become active participants in the digital economy. He also highlighted tokenization opportunities in financial products, IP royalties, and yield-bearing assets — with Hong Kong's infrastructure positioned as a potential advantage. It is a thesis that maps closely onto the week's own headlines, in which a single crypto platform ran parallel markets in Tokyo equities, U.S. biotech and memory-chip names, gold, and silver alongside its core crypto offerings.