To understand technology adoption, users are encouraged to reflect on history. Looking back at the worldwide web in the mid-1990s, two factors became the lead-up to the world going digital. The first was the ability for users to understand the problems the internet could solve, and the second was the ease at which the mass market felt their transition from the old to the new was supported. Under these two factors, the world saw the internet go from a promising opportunity to the foundation of society and business today.
In many respects, blockchain has demonstrated many similarities to the path of the internet. Being that the technology is only at the early stages of this process, many are seeing the birth and maturation of supportive infrastructure simplifying the process of transacting with digital currencies while also extending available use cases, a stepping stone for what is to come.
The market’s growth is now being reflected in platforms like Gate.io, which have proven to demonstrate both of these attributes as they continue to support blockchain adoption. Gate.io originally started out as a trading platform for users to trade securely. Fast forward nine years, the exchange now offers over 1400 cryptocurrencies and exceeds $10 billion in daily trading volume for its 10 million users worldwide.
The platform has demonstrated significant maturity based on exchange functionality alone since its inception. With a well-rounded offering already under the team’s belt, it comes without surprise that the focus is shifting to further building out the ecological map of Gate.io. Together, these integrations have resulted in a comprehensive offering (ecosystem) of digital assets, which provides users with wider options and more possibilities than many other platforms today.
Extending its functionality horizontally, we see Gate.io’s focus transition horizontally to cover their other products based on GateChain. GateChain exists as a blockchain dedicated to funding safety and decentralized exchange, acting as the foundation for a complete decentralized finance (DeFi) ecosystem. Here, users can explore DeFi and experience products, including GateToken (GT), HipoDeFi, Ventures, Labs, Grants, and NFT Magic Box, among other contents.
An ecosystem primed for maturity
GT is a tradable currency exclusively for the Gate.io platform and is the native token of the GateChain public network, a foundation for the rest of the ecosystem’s products.
Looking closer at some of the products, HipoDeFi has become known as a one-stop-shop for all of a user’s DeFi needs. The platform brings together real-time data on every DeFi project, allowing users to compare exchange radios, interest rates and loans as a gateway to new investment opportunities, which can be accessed through a fast & user-friendly interface. Replicating traditional finance use cases, HipoDeFi supports popular deposit and loan projects, asset management, and a project calendar to help users track upcoming projects in real time.
Gate.io is met with Gate Ventures, the venture capital arm that focuses on investments in decentralized infrastructure, ecosystems, and applications to redefine social and financial interactions on the investment front. For long-term investors, Gate.io has provided support in product development, scaling and continuous growth for these companies. In further support of new project ideas, Gate Grants are also available as $10K-$100K free R&D funds to support every creative idea and project.
By joining Gate.io NFT’s Magic Box, combined with the GateChain protocol, users are presented with a high-performance trading platform. Within it, NFT creators are given a chance to gain maximum exposure, in addition to a copyright value stimulus.
Nine years and counting
As users find secure and stable products that replicate use cases in traditional finance, it is only time before mass adoption ensues. The Gate.io platform has proven this growth by announcing its ninth anniversary, with features including the official Gate.io Lite APP, Mini APP and GameFi.
Together, ecosystems such as this one are said to continue providing the bridge users need from digital to decentralized.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
Source link: https://cointelegraph.com/news/comprehensive-ecosystem-provides-a-market-leading-variety-of-options-and-possibilities