Gate November Transparency Report is out, and intuitively, the data for November looks quite good.

Spot trading volume reached 163 billion USD, setting a new record; derivatives hit 7.56 trillion, continuing to stay firmly in fourth place globally, with undeniable strength.

Moreover, Gate Perp DEX broke 10 billion USD in a single month, indicating that it’s not only focusing on CEX but also continuously fermenting on-chain.

Gate Layer’s on-chain address count exceeds 100 million, which also provides a very straightforward answer.

Coupled with 46 million registered users and over 4,100 tokens listed, this is no longer a traditional exchange; it’s essentially a near full-stack ecosystem.

From an experienced user’s perspective, the trends behind these numbers are quite clear:

Gate is no longer content with just being a trading tool but is transforming the CEX into a #Web3 gateway.

In the past, everyone competed over who listed more tokens and had lower fees. After 2025, it will be more about:

Who can truly retain users and make them willing to stay long-term within your ecosystem.

On this front, Gate’s execution power is evident, steadily filling in the entry points, on-chain presence, and product matrix.

If the future of the CEX track really moves toward “entry points,” Gate’s approach will become increasingly competitive.

Full report:

#GateTransparencyReport