Three major developments defined activity on Gate this week, each carrying significant implications for market participants. The semiconductor rally made its mark on the platform's gStocks section, where the 2X Long SNDK Daily ETF token (SNXXG) posted a gain exceeding 63% within a single 24-hour window — driven by strong momentum across memory chip stocks following earnings beats from several major technology companies. The memory chip sector has been a key beneficiary of accelerating demand for high-bandwidth memory (HBM) used in AI training infrastructure, with manufacturers like SK Hynix and Samsung serving as primary suppliers to AI accelerator producers. The macroeconomic backdrop was equally turbulent: the Federal Reserve maintained its target rate at 3.50%–3.75% for the fifth straight meeting, yet the 9–3 vote split, with all three dissenting members advocating for a rate hike, pointed to intensifying internal disagreements. A three-member dissent is relatively uncommon at the FOMC and underscores the committee's divided stance on inflation risks versus economic growth.

In response to the heightened macro volatility, Gate launched its Event Contracts product on Web, completing full cross-terminal coverage. The tool allows users to trade short-term BTC and ETH directional movements around macroeconomic events without exposure to leverage or margin. Perhaps the most consequential move of the week, however, was Gate becoming the first exchange in the cryptocurrency industry to introduce a zero-fee mode for eligible U.S. stocks and ETFs. The platform waived all trading fees, account opening fees, and maintenance fees — substantially reducing the cost barrier for retail investors seeking access to global equity markets. Zero-commission stock trading became the norm among major U.S. retail brokerages after Charles Schwab, TD Ameritrade, and E*Trade eliminated equity commissions in late 2019, and Gate's extension of that model to tokenized stock trading positions the platform to compete for users who traditionally faced fees on crypto exchanges for equity exposure.

These headline developments unfolded against a wider landscape of platform activity encompassing tokenized securities, precious metals, institutional infrastructure, and yield-generating products.

Stocks and Tokenized Securities

Gate's gStocks section added 11 new tokenized securities available for spot trading, including ZHIPUG (Zhipu AI), TENCENTG (Tencent Holdings), AMZNG (Amazon), HOODG (Robinhood Markets), IBMG (IBM), and DELLG (Dell Technologies), among others. Each gStocks token is fully backed 1:1 by its underlying asset and supports continuous 24/7 trading. The expansion aligns with a broader institutional push toward real-world asset (RWA) tokenization, a sector in which major financial firms including BlackRock have launched tokenized fund products on public blockchains. A concurrent New Token Trading Event Phase 4 is offering a $50,000 SNDKG prize pool through August 6.

Performance across Gate's equity offerings was broad-based. Among U.S. stocks, Manhattan Associates (MANH) was the top performer at +21.24%, followed by Lithia Motors (LAD) at +19.36% and ExlService Holdings (EXLS) at +18.11%. Korean market tokens also delivered strong returns: the MSCI Korea 3x Leveraged ETF token (KORUG) rose 11.54% over 24 hours, while Samsung Electronics and SK Hynix tokens gained 8.16% and 7.56%, respectively. In the broader chip space, SanDisk (SNDK) climbed 26.14% and SK Hynix (SKHY) advanced 17.47%. Gate's SNDK and SKHYNIX futures open interest both ranked second among centralized exchanges, at $151 million and $121 million, respectively.

ChangXin Memory Technologies (CXMT) remained a notable standout. Gate retains its exclusive position as the first platform to list CXMT perpetual futures. The contract recorded roughly $30.96 million in 24-hour trading volume with open interest of $17.01 million — ranking first among CEXs. A dedicated CXMT rewards campaign is running through August 5, offering up to 240 USDT per user.

Gate Direct IPO's second project, Jersey Mike's (JMKE), completed its stock distribution at a final issuance price of $23 per share and is now tradable on Gate Stocks.

Precious Metals

Precious metals markets sustained their upward trajectory. Gold (XAU) traded at approximately $4,088, with Gate's XAU futures open interest reaching $192 million — placing it among the industry's top two. Gold's sustained strength has been supported by continued central bank purchasing, as documented in World Gold Council reports, alongside persistent demand for safe-haven assets amid geopolitical uncertainty. Silver (XAG) posted a 1.77% gain over 24 hours. Gate's XAUT (Tether Gold) futures open interest reached $127 million, securing a top-3 position. Gate pioneered the industry's first Metals Perpetual Futures and CFD section, which supports 24/7 USDT-settled trading across Gold, Silver, and Platinum through its Unified Account system.

Macro and Institutional Infrastructure

Gate Institutional's weekly report highlighted the prevailing macroeconomic tensions. Brent crude briefly exceeded $100 per barrel, and the 10-year Treasury yield neared 4.70%, weighing on NASDAQ growth stocks, which declined approximately 2.1% for the week. BTC consolidated at elevated levels, while ETH outperformed driven by capital rotation and spot ETF inflows of roughly $104 million — marking the third consecutive week of positive flows. BTC spot ETF inflows decelerated to $34 million over the same period.

On the infrastructure front, Gate US announced integration with BitGo's OES off-exchange settlement platform, allowing institutional clients to trade while keeping assets in BitGo custody. This reduces pre-funding requirements and enhances capital efficiency. Gate US currently holds MTL licenses in 36 states spanning 47 U.S. jurisdictions. In Europe, Gate Europe introduced a USDT-to-USDC one-way migration solution for EEA users at zero conversion cost, as USDT no longer satisfies MiCA compliance requirements for trading on the platform. The EU's Markets in Crypto-Assets regulation, which began phased enforcement for stablecoin issuers in mid-2024, requires eligible tokens to hold an Electronic Money Institution license to remain tradable on regulated platforms within the bloc. Gate Europe holds both an EU MiCA license and a Payment Institution license.

Yield and Staking

Gate's SOL Staking product reached 660,000 SOL in total stake with a reference APR of 7.93%. The Launchpool's SpaceX (SPCX) event drew combined GUSD and USDT staking of $78.6 million, with GUSD delivering a combined estimated APY of 8.81% when layered with the base subscription yield.

GUSD, Gate's yield-bearing stablecoin, surpassed $224 million in cumulative subscription volume. Three Launchpool phases are running concurrently — SLX (Phase 366), ANTFUN (Phase 367), and SPCX (Phase 368) — with the ANTFUN GUSD pool currently yielding approximately 9.02% combined APR. The GUSD Flexible U.S. Treasury product supports 1:1 lossless redemption with no redemption fees. The Deposit & Trading Carnival campaign continues through August 11, offering up to 8,938 USDT per eligible user.

Trading Events and Prediction Markets

Gate Alpha introduced Hot Tokens Trading Competition Phase 56, providing $40,000 in airdrop rewards through dual mystery-box tiers for users trading tokens across more than 15 supported blockchains, including SOL, ETH, BSC, Base, and SUI.

Gate Polymarket released version 8.3.0, featuring a complete UI overhaul along with new P&L Calendar and History tools, P&L Sharing functionality, and Modern and Classic visual themes. The platform's Esports Trading Season runs through August 10 with a 200,000 USDT prize pool. A League of Legends LCK match between Gen.G and T1 generated notable prediction activity, with Gen.G capturing approximately 64% market support at the time of reporting. Gate's VIP Exclusive Airdrop Carnival Phase 17, open to VIP 8+ users, offers tiered Rimowa Travel Collection gifts based on trading performance.

Research

Gate Research published a report examining the Robinhood Chain ecosystem, describing it as a dual-layer structure in which tokenized stocks and real-world assets (RWAs) form the long-term asset thesis, while Meme tokens currently serve as the primary liquidity driver. The report notes that Gate DEX's full integration with the network — facilitated through Across and LayerZero bridging from BSC, Ethereum, Base, and Robinhood Chain — positions Gate as the ecosystem's principal multichain asset distribution and liquidity routing layer.