Gate Update: Pre-IPO Tokens, $395M SpaceX Product, And Record Prediction Markets Headline A Busy Week
In Brief
Gate expands into traditional finance with a $395M SpaceX Pre-IPO product, new stock futures, record $68M prediction market volume, and fresh DeFi earning campaigns.
The past few days have been unusually eventful for Gate, and the most striking developments sit at the intersection of traditional finance and crypto. Gate’s research arm has just published a major analysis of the coming “super IPO cycle” — flagging SpaceX, OpenAI, and Anthropic as the three dominant forces, with a combined valuation approaching $4 trillion. More importantly, the report argues that crypto infrastructure is uniquely positioned to reshape how ordinary investors access these opportunities. Gate is already acting on that thesis: its inaugural Pre-IPO product, SPCX, has raised nearly $395 million by giving retail users structured exposure to SpaceX through a mirror note mechanism — an instrument previously reserved for institutional and high-net-worth capital.
Stocks, Metals, and Oil: Traditional Markets Go 24/7
Gate’s push into traditional financial instruments keeps accelerating on the futures side. Gate launched perpetual futures (USDT-M, up to 20x leverage) for six new stock tickers on June 1: NVO (Novo Nordisk), NOK (Nokia), ASTS (AST SpaceMobile), AAOI (Applied Optoelectronics), INFQ (Infleqtion), and CRWD (CrowdStrike). This follows strong traction in memory chip futures — Micron (MU) and SanDisk (SNDK) both posted 3%+ gains in the last 24 hours, with Gate’s open interest in each ranking among the highest in the industry according to CoinGlass data. Precious metals are similarly active: Gate’s XAG futures notched $54.85 million in 24-hour volume and $50.53 million in open interest, placing it second network-wide, while its XAU open interest of $153 million also ranks second globally. Oil futures tell a similar story — CLUSDT open interest reached approximately $8 million as WTI crude rose 1.77% in a day. In a move that ties this all together, Gate has now officially included stock trading volume in its VIP tier calculation, giving equity traders the same path to premium status that crypto traders have always had.
Prediction Markets Hit a Milestone
On the prediction market front, Gate Polymarket had a standout week. Daily trading volume hit $68.98 million on May 31, making it the top-performing access channel for Polymarket and the third-largest prediction market globally by volume, behind only Polymarket itself and Kalshi. That figure also helped push Polymarket’s total builder volume past $100 million in a single day for the first time. Closer to home, Gate’s own Polymarket data shows that the market is pricing Bitcoin above $70,000 on June 1 at near-certainty, while the probability of a push above $74,000 falls sharply to around 31%, and above $76,000 to just 2%.
DeFi Earning Opportunities Expand
The platform’s DeFi and earning ecosystem also saw fresh activity this week. The Gate DEX Bonus section launched a USDD staking campaign running through June 30, offering a 4% base APR on both BSC and ETH networks with an extra 50,000 USDD in shared rewards — settled daily based on staking share. Separately, Gate DEX BountyDrop launched the LART airdrop event, where 3,000 randomly selected participants who complete designated tasks will share $15,000 LART.
May Airdrop Programs Wrap Up With Strong Numbers
Looking back at May, Gate’s three airdrop programs delivered meaningful scale. CandyDrop ran nine projects with more than 270,000 total participants, including one ETH campaign alone that attracted over 100,000 users; its futures trading volume exceeded $13.2 billion for the month. Launchpool’s CTR project peaked at 134% APR, while the HODLer Airdrop’s ZEST campaign reached 19.83% APR — both accessible to users holding as little as 1 GT.
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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.
