Driven by the subscription of Ika Launchpad, Gate has become the second largest holding exchange for USD1

According to on chain analyst Yu Jin's monitoring, Gate Launchpad's new project Ika (IKA) supports USD1 investment, attracting a large amount of USD1 to flow into Gate. Currently, Gate has become the second largest exchange in terms of USD1 holdings, second only to Binance. Yu Jin stated that currently the vast majority of USD1 is located on the BSC chain, with a small portion on the ETH chain. Gate currently holds approximately $170 million USD1 on the BSC chain (second to the exchange) and approximately 20 million USD1 on the ETH chain (first to the exchange), which is consistent with the current total USD1 investment of 196 million in Launchpad. It is reported that the Gate Launchpad new project is Ika (IKA), which supports users to subscribe with GT using USD1. As of now, the investment in USD1 has exceeded 196 million pieces, and the investment in GT is 5.13 million pieces ($94.1 million).