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The overall market cooled down in September, but Gate accelerated in reverse.
CoinDesk data shows:
🔸The total volume of global exchanges has decreased by 17.5%.
🔸Spot down 9.4%
🔸Derivatives dropped 20.1%
However, Gate's spot trading volume has risen against the trend by 20%, with its share increasing to 5.47%, setting a new historical high.
This wave of Reverse is not a coincidence.
Gate continues to make strides this year - launching Gate Layer2, the no-code token issuance platform Gate Fun, along with compliance arrangements (having obtained the EU MiCA license), transforming the "exchange" into an ecosystem.
Although the derivatives market has cooled down, the open interest has reached a record high, indicating that the funds have not actually left.
Gate's share has risen to 11.3%, making it one of the fastest-growing exchanges this year.
The overall market is adjusting, while Gate is quietly accelerating.
While everyone is watching, it has already started paving the way for the next cycle.