Gate Update: $12B In Open Interest, Zero-Gas Meme Trading, And A Week Of New Listings — Gate’s Latest Moves
Gate has had a dense week. According to DefiLlama data, the exchange recorded $12.171 billion in 24-hour total open interest, placing it third among all centralized exchanges globally — behind only Binance and Bybit. The figure arrives alongside two other headline-level developments: the formal launch of Trenches, Gate’s new all-in-one on-chain meme trading platform, and an industry-exclusive expansion of its Gold CFD leverage suite. Taken together, the updates sketch a platform moving on multiple fronts simultaneously — spot and derivatives infrastructure, Web3 integration, and traditional-asset exposure. Here is the full picture.
Trenches: Gate’s On-Chain Meme Trading Platform
Gate’s most structurally significant release this week is Trenches, an aggregated on-chain trading platform built specifically around meme and micro-cap tokens. The platform supports over a dozen chains — including Solana, Ethereum, BSC, Base, Sui, Arbitrum, Polygon, and Gate’s own Robinhood Chain and Gate Layer, among others — and is designed to eliminate the wallet-management friction typical of Web3 interfaces. Users trade directly from their existing Gate account balances, with no wallet creation, asset transfer, or network switching required. A search-and-trade workflow lets traders pull up real-time charts and execute positions by entering a token name or contract address.
On fees: Trenches charges a flat 0.5% on both buy and sell sides, and is currently waiving gas fees for trades on Robinhood Chain-based assets. Social features — including Callout leaderboards, KOL leaderboards, and active-account showcases — are also planned as part of the platform’s community layer.
Gold CFDs: Exclusive 5x and 10x Leverage Tiers
Gate has added 5x and 10x leverage options to its XAUUSD Gold CFD product, a move it describes as an industry-exclusive expansion. The full leverage menu now runs from 5x up to 500x (5x, 10x, 20x, 50x, 100x, 200x, 500x), giving traders more granular control over position sizing. The product supports both long and short directions, is USDT-denominated, and includes standard risk management tools — take-profit and stop-loss orders. The lower tiers are a notable addition for traders seeking gold exposure with more conservative leverage profiles.
MEMECOIN Futures: Open Interest Milestone
Separately from the aggregate OI figure, Gate’s MEMECOIN perpetual futures — listed in the Robinhood Section — registered $1.77 million in open interest and $12.12 million in 24-hour trading volume, both ranking first among centralized exchanges according to Coinglass data. The token was trading at $0.08273 with an 80.16% intraday gain at the time of the report.
Perpetual Futures Expansion: Eight New Contracts Across Four Announcements
Gate continued its rapid futures listing pace this week, adding eight new perpetual contracts across four separate announcements.
- FATCOIN, SHROOM, and STONKS: All three launched as USDT-settled perpetuals with 1–10x leverage, and all three were simultaneously added to Gate’s Trading Bots and Copy Trading infrastructure.
- 哈基米 and SUE: 哈基米 launched with 1–20x leverage; SUE — the “Construction Cat” meme coin, based on a real rescue story involving an orange kitten found inside a Komatsu excavator in Ohio — launched with 1–10x leverage, issued on BSC. Both are USDT-margined.
- PAIR: Gate’s HOOD Section added PAIR perpetual futures (1–10x, USDT-settled), along with Trading Bots and Copy Trading. PAIR is the official token of the PAIR Fund multi-pool launchpad on the Robinhood Chain.
- STONK, BEN, ZCAT, and BREW: All four launched with 1–10x leverage, long and short support, and Trading Bots and Copy Trading. STONK is the platform token of StonkFun (a Solana token launch platform); BEN is a character-based meme from Flap’s “Stock Meme” product line; ZCAT is a Zcash-themed Solana meme launched via StonkFun; and BREW is the ecosystem token of the Brew platform on BSC.
New Spot Listings
Gate listed two new assets for spot trading this week.
Canopy (CNPY) opened for spot trading at 12:00 UTC on September 7, with Convert trading following at 13:00 UTC. Withdrawals are scheduled to open on September 8 at 12:00 UTC, pending on-chain status.
StonkBroker (STONKBROKER) launched for spot trading on September 7 at 11:00 UTC and Convert trading at 12:00 UTC, alongside the start of CandyDrop Phase 179. The event runs through September 12 and offers a shared pool of 517,331 STONKBROKER. Participants can earn candies through spot trading, VIP tasks, and referrals, with individual rewards capped at 5,000 STONKBROKER. New users completing their first STONKBROKER spot trade are eligible for a dedicated bonus tier.
US Stock Dividend Distributions
Gate completed dividend settlements for 207 U.S. stock assets, covering corporate dividend payment dates between August 31 and September 4. Representative names include Visa (V), Wells Fargo (WFC), RTX, Target (TGT), and Pfizer (PFE). Distributions span technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials, media and entertainment, telecommunications, and strategic ETFs. Settlements were made in USDT proportional to user holdings, processed automatically.
Convert Trading Campaign
Gate’s latest Convert trading campaign runs September 7–14 (10:00 UTC). Users who complete at least $100 USDT in eligible Convert volume per day for three or more consecutive days can share a 20,000 USDT pool. A separate 20,000 USDT volume-ranking pool is available to users with at least $3,000 USDT in cumulative Convert volume, with the top-ranked user eligible for up to $1,000 USDT — subject to a minimum $150,000 USDT volume threshold. A parallel new-user bonus runs through September 10: first Convert trades of at least $100 USDT unlock 20 USDT in Dual Investment trial funds (first 1,000 users), and $300 USDT in cumulative volume qualifies for an additional $3 USDT cash reward (first 300 users). Gate Convert covers more than 2,400 assets with zero trading fees.
All event details and exact timing are subject to platform status updates. Refer to official Gate announcements for the most current information.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in crypto, AI, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
