GateChain is a public blockchain specialized in asset security. The on-chain secure account and lazy recovery features are designed to provide blockchain asset security even after the private key has been hacked.
GateChain was co-founded by Wassilios Lytras, Patrick Allemann, and Thomas Kofler on April 30, 2016. [9] GateChain is a next-generation blockchain developed and launched[11] by Gate.io in 2018 to grow and expand the Gate.io ecosystem[10]. It is the public chain of Gate.io, founded by Lin Han. With its unique Vault account technology, and supporting transactions model design, GateChain has implemented a secured clearance mechanism to solve the problem of stealing lost assets and private keys.
It also supports decentralized trade and transfer chains, among other core applications. Compared to traditional blockchains such as Bitcoin and Ethereum, GateChain focuses on the security of the asset chain and creatively proposes a number of novel concepts such as standard accounts, Vault actions, Retro accounts, overcrowding, calendar hours, address types, transaction types, etc.[1][2]
GateChain offered the vault account service to the user, which supports releasing digital assets without worries about private keys missing or theft during this period. As long as one can set a digital asset distribution ratio and release time, the user's digital asset will be transferred to their named beneficiary, accordingly. This asset processing method can also be used in other scenarios like scheduled fund granting, i.e., to send a certain amount of digital assets at the scheduled time.[18]
In August 2024, GateChain released version v1.1.6, introducing a significant protocol update that implements a new transaction fee structure modeled after Ethereum’s EIP-1559. All nodes were required to upgrade before August 26, 2024.
The revised fee mechanism divides transaction costs into two components: a base fee, which adjusts dynamically with block usage and is permanently removed from circulation (burned), and a tip, which is awarded to validators and delegators as an incentive for participating in consensus. This structure is designed to make fees more predictable for users and introduces a deflationary element to the GT token supply.
These updates are intended to improve network efficiency, support broader EVM compatibility, and align GateChain’s transaction model with more modern standards. [19]
In May 2025, Gate officially transitioned to the domain Gate.com and introduced a redesigned logo as part of a broader brand and strategic update. This change reflects the platform’s intention to unify its global identity and strengthen user trust as it expands its international presence.
The domain and logo update coincided with Gate’s 12th anniversary and aligns with its goal to evolve into a "next-generation crypto exchange." The rebranding emphasizes a shift from industry participation to innovation, combining a streamlined visual identity with a broader organizational alignment. Gate and its regional branches, including Gate Japan, Gate Dubai, and Gate Europe, now operate under a unified brand. [20]
The GateChain includes elements like the GateChain mainnet, GateChain DEX, GT token, and wallets.
Its first version of Mainnet was launched in 2020. It ensures secure and efficient management and transfer of digital assets on the blockchain.
GateChain DEX is a decentralized exchange based on GateChain. The user having control over his private key to his account can exchange freely. GateChain DEX uses private own encrypted wallets or hardware wallets to safeguard users’ assets.
GateChain Token is the native currency of the GateChain Mainnet. It is used to pay the transfer fees on the GateChain network.[3]
To meet the efficiency demand in daily payments and safety demand in asset storage, GateChain offered:
For instance, the transaction is confirmed upon payment and is reversible. In the worst case, when the Standard Account’s private key is lost or stolen, the user's loss is limited to a small portion. The risk is still under control. When the asset in the Standard Account is insufficient, the user can transfer more from the Vault Account. The transfer will be received with a 2-day (say) delay. If theft is concluded during the delay period, the user can simply initiate a 'Revoke' request. The stolen transaction will be revoked and moved to a 'Retry Account'.[17]
All the projects mentioned below were built on GateChain.
The main features of GateChain are as follows:
Hipo DeFi is a one-stop shop for all DeFi needs. It is a platform that collates real-time data on every DeFi project allowing users to compare exchange ratios, yields, loans, and interest rates. Users can discover new investment opportunities and access them directly through Hipo Defi’s UI, with no added fees.[16]
GateBridge is an asset bridge between the most popular blockchains based on EVM. It enables fast and safe asset transfer and a pioneered mechanism
Liquidity Providers(LP) can get transaction fee distribution and staking LP tokens could earn more rewards for the user.
Launched in 2021, the NFT Magic Box is an NFT marketplace built on top of GateChain.
Its core features are: