Gate Update: Pre-IPO Tokens, $395M SpaceX Product, And Record Prediction Markets Headline A Busy Week
The previous few days have been unusually eventful for Gate, and probably the most placing developments sit on the intersection of conventional finance and crypto. Gate’s analysis arm has simply printed a serious evaluation of the approaching “tremendous IPO cycle” — flagging SpaceX, OpenAI, and Anthropic because the three dominant forces, with a mixed valuation approaching $4 trillion. More importantly, the report argues that crypto infrastructure is uniquely positioned to reshape how peculiar buyers entry these alternatives. Gate is already appearing on that thesis: its inaugural Pre-IPO product, SPCX, has raised almost $395 million by giving retail customers structured publicity to SpaceX by a mirror notice mechanism — an instrument beforehand reserved for institutional and high-net-worth capital.
Stocks, Metals, and Oil: Traditional Markets Go 24/7
Gate’s push into conventional monetary devices retains accelerating on the futures facet. Gate launched perpetual futures (USDT-M, as much as 20x leverage) for six new inventory tickers on June 1: NVO (Novo Nordisk), NOK (Nokia), ASTS (AST SpaceMobile), AAOI (Applied Optoelectronics), INFQ (Infleqtion), and CRWD (CrowdStrike). This follows sturdy traction in reminiscence chip futures — Micron (MU) and SanDisk (SNDK) each posted 3%+ good points within the final 24 hours, with Gate’s open curiosity in every rating among the many highest within the trade in keeping with CoinGlass information. Precious metals are equally energetic: Gate’s XAG futures notched $54.85 million in 24-hour quantity and $50.53 million in open curiosity, putting it second network-wide, whereas its XAU open curiosity of $153 million additionally ranks second globally. Oil futures inform the same story — CLUSDT open curiosity reached roughly $8 million as WTI crude rose 1.77% in a day. In a transfer that ties this all collectively, Gate has now formally included inventory buying and selling quantity in its VIP tier calculation, giving fairness merchants the identical path to premium standing that crypto merchants have all the time had.
Prediction Markets Hit a Milestone
On the prediction market entrance, Gate Polymarket had a standout week. Daily buying and selling quantity hit $68.98 million on May 31, making it the top-performing entry channel for Polymarket and the third-largest prediction market globally by quantity, behind solely Polymarket itself and Kalshi. That determine additionally helped push Polymarket’s whole builder quantity previous $100 million in a single day for the primary time. Closer to dwelling, Gate’s personal Polymarket information reveals that the market is pricing Bitcoin above $70,000 on June 1 at near-certainty, whereas the likelihood of a push above $74,000 falls sharply to round 31%, and above $76,000 to only 2%.
DeFi Earning Opportunities Expand
The platform’s DeFi and incomes ecosystem additionally noticed contemporary exercise this week. The Gate DEX Bonus part launched a USDD staking marketing campaign working by June 30, providing a 4% base APR on each BSC and ETH networks with an additional 50,000 USDD in shared rewards — settled day by day based mostly on staking share. Separately, Gate DEX BountyDrop launched the LART airdrop occasion, the place 3,000 randomly chosen contributors who full designated duties will share $15,000 LART.
May Airdrop Programs Wrap Up With Strong Numbers
Looking again at May, Gate’s three airdrop packages delivered significant scale. CandyDrop ran 9 initiatives with greater than 270,000 whole contributors, together with one ETH marketing campaign alone that attracted over 100,000 customers; its futures buying and selling quantity exceeded $13.2 billion for the month. Launchpool’s CTR challenge peaked at 134% APR, whereas the HODLer Airdrop’s ZEST marketing campaign reached 19.83% APR — each accessible to customers holding as little as 1 GT.
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