Gate Update: Zero-Fee US Stocks, A 63% Chip Surge, And Fed Volatility Define A Landmark Week
In Brief
Gate launches zero-fee U.S. stock trading, SNXXG surges 63% on chip rally, and debuts Event Contracts amid Fed rate hold and expanded securities.
This week on Gate, three developments stand out for their market significance. The semiconductor rally found a dramatic expression in the platform’s gStocks section, where the 2X Long SNDK Daily ETF token (SNXXG) surged over 63% in a single 24-hour period, reflecting strong momentum across memory chip stocks on the back of earnings beats from major tech companies. The macro context was equally charged: the Federal Reserve held rates unchanged for the fifth consecutive meeting at 3.50%–3.75%, but a 9–3 vote — with all three dissenters favoring a hike — signaled deepening internal divisions.
Gate responded by launching its Event Contracts product on Web, achieving full cross-terminal coverage and enabling users to trade short-term BTC and ETH direction around macro events without leverage or margin exposure. Most structurally significant, Gate became the first exchange in the industry to introduce a zero-fee mode for eligible U.S. stocks and ETFs, waiving platform trading fees, account opening fees, and maintenance fees entirely — a move that meaningfully lowers the cost floor for retail access to global equities.
These developments unfolded against a broad backdrop of platform activity spanning tokenized securities, precious metals, institutional infrastructure, and yield products.
Stocks and Tokenized Securities
Gate’s gStocks section expanded with 11 new tokenized securities listed for spot trading, including ZHIPUG (Zhipu AI), TENCENTG (Tencent Holdings), AMZNG (Amazon), HOODG (Robinhood Markets), IBMG (IBM), and DELLG (Dell Technologies), among others. All gStocks tokens are fully backed 1:1 by underlying assets and support 24/7 trading. A concurrent New Token Trading Event Phase 4 offers a $50,000 SNDKG prize pool through August 6.
Market performance across Gate’s equity offerings was broad-based. In U.S. stocks, Manhattan Associates (MANH) led gainers at +21.24%, followed by Lithia Motors (LAD) at +19.36% and ExlService Holdings (EXLS) at +18.11%. Korean market tokens also outperformed, with the MSCI Korea 3x Leveraged ETF token (KORUG) gaining 11.54% over 24 hours, and Samsung Electronics and SK Hynix tokens adding 8.16% and 7.56% respectively. More broadly, SanDisk (SNDK) rose 26.14% and SK Hynix (SKHY) gained 17.47%, with Gate’s SNDK and SKHYNIX futures open interest both reaching second place among centralized exchanges at $151 million and $121 million respectively.
ChangXin Memory Technologies (CXMT) remained a standout, with Gate holding the exclusive position as the first platform to launch CXMT perpetual futures. The contract recorded approximately $30.96 million in 24-hour trading volume, with open interest at $17.01 million — ranking first among CEXs. A dedicated CXMT rewards campaign runs through August 5 with up to 240 USDT available per user.
Gate Direct IPO’s second project, Jersey Mike’s (JMKE), completed stock distribution at a final issuance price of $23 per share and is now available for trading on Gate Stocks.
Precious Metals
Precious metals markets remained strong. Gold (XAU) is trading at approximately $4,088, with Gate’s XAU futures open interest reaching $192 million and placing it in the industry’s top two, while Silver (XAG) posted a 1.77% 24-hour gain. Gate’s XAUT (Tether Gold) futures open interest hit $127 million, securing a top-3 position. Gate pioneered the industry’s first Metals Perpetual Futures and CFD section, supporting 24/7 USDT-settled trading across Gold, Silver, and Platinum through its Unified Account system.
Macro and Institutional Infrastructure
Gate Institutional’s weekly report captured the prevailing macro tensions: Brent crude briefly surpassed $100 per barrel and the 10-year Treasury yield approached 4.70%, weighing on NASDAQ growth stocks (down around 2.1% for the week). BTC consolidated at elevated levels while ETH outperformed on capital rotation and spot ETF inflows of approximately $104 million — the third consecutive week of positive flows. BTC spot ETF inflows slowed to $34 million over the same period.
On the infrastructure side, Gate US announced integration with BitGo’s OES off-exchange settlement platform, enabling institutional clients to trade while assets remain in BitGo custody, reducing pre-funding requirements and improving capital efficiency. Gate US currently holds MTL licenses in 36 states across 47 U.S. jurisdictions. In Europe, Gate Europe launched a USDT-to-USDC one-way migration solution for EEA users with zero conversion fees, as USDT no longer meets MiCA compliance requirements for trading on the platform. 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 attracted combined GUSD and USDT staking of $78.6 million, with GUSD offering 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 simultaneously — 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 runs through August 11, with up to 8,938 USDT available per eligible user.
Trading Events and Prediction Markets
Gate Alpha launched Hot Tokens Trading Competition Phase 56, offering $40,000 in airdrop rewards via dual mystery-box tiers for users trading tokens across 15+ supported blockchains including SOL, ETH, BSC, Base, and SUI.
Gate Polymarket released v8.3.0 with a full UI overhaul, new P&L Calendar and History tools, P&L Sharing, 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 drew notable prediction activity, with Gen.G holding approximately 64% market support at 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 released a report on the Robinhood Chain ecosystem, characterizing it as a dual-layer structure in which tokenized stocks and RWAs represent the long-term asset thesis while Meme tokens currently function as the primary liquidity driver. The report notes that Gate DEX’s full integration with the network — via Across and LayerZero bridging from BSC, Ethereum, Base, and Robinhood Chain — positions Gate as the ecosystem’s main multichain asset distribution and liquidity routing layer.
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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.
