# Ecosystem Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Ecosystem", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

L2's 'Card Swipe' Era: When the Scaling Narrative Ends, Payments Become the Lifeline

The article discusses the growing "payment card" trend among Layer-2 (L2) networks as a strategy to survive a severe user activity and transaction crisis. It begins with Solana's criticism of Starknet's low usage (allegedly only 8 daily active users and 10 transactions) despite its high valuation, highlighting a broader issue of low traffic across many L2s, as evidenced by data from L2BEAT and DefiLlama. Key examples include Zero Network, which stopped producing blocks for weeks with minimal impact, and networks like Linea, Starknet, Scroll, and ZKsync exhibiting very low Transactions Per Second (TPS). With Base and Arbitrum dominating 80% of the Total Value Locked (TVL), other L2s face a significant valuation-to-usage disparity. Facing a lack of killer dApps, L2s are turning to cryptocurrency payment cards to generate consistent on-chain activity. Unlike custodial cards from exchanges (which use chains like Tron or Solana for batch settlement), L2s are leveraging non-custodial cards that require on-chain settlement for each transaction. Examples include: - **Scroll**: Partnered with Etherfi for gasless transactions and cashback subsidies. - **Gnosis**: Its Gnosis Pay card converts user assets to stablecoins for euro payments. - **Linea**: Used as a primary settlement layer for the MetaMask card. This shift provides a high-frequency, sustainable use case, driving transaction volume. Even Polygon is pivoting to payments, citing significant non-USD stablecoin transfer volumes and major acquisitions like Coinme. The conclusion is that L2s, after various failed narratives, are now prioritizing practical, low-cost payment solutions to ensure their survival.

marsbit18h ago

L2's 'Card Swipe' Era: When the Scaling Narrative Ends, Payments Become the Lifeline

marsbit18h ago

Gate Releases Q4 2025 Report: Trading Business Grows Steadily, On-Chain and Compliance Expansion Accelerates

Gate Releases Q4 2025 Report: Trading Business Grows Steadily, On-Chain and Compliance Expansion Accelerates Gate, a leading global cryptocurrency exchange, has released its Q4 2025 report, highlighting robust growth in its core trading operations and significant progress in Web3 ecosystem development and global compliance. Key performance indicators showed strong results. Both spot and derivatives trading volumes remained high, with the platform's global market share increasing to 11% in derivatives, one of the highest growth rates in the industry. User registrations approached 50 million, with support for over 4,300 crypto assets. The platform's product ecosystem, including Launchpool, Launchpad, HODLer Airdrop, and CandyDrop, saw substantial activity. Launchpool listed 28 projects with airdrops exceeding $4.8 million, while Launchpad's oversubscription rate surpassed 2,500%. The newly launched Perp DEX exceeded $10 billion in cumulative trading volume in its first full quarter. In asset management, the "Earn" products saw subscriptions exceed $11 billion. The platform's Proof of Reserves showed a total reserve ratio of 124%, covering nearly 500 user assets. A major compliance milestone was achieved as Gate Technology Ltd, part of Gate Group, obtained a MiCA license from the Maltese MFSA, marking a key step into the European Union. The exchange also launched its Australian platform, further expanding its global regulated footprint. The quarter also saw enhanced brand visibility through sponsorships of high-profile events like the Token of Love music festival and TOKEN2049, strengthening its global presence. Gate continues its strategic transition from a traditional exchange to an integrated Web3 infrastructure provider, focusing on secure, compliant, and innovative services for the digital asset market.

marsbit23h ago

Gate Releases Q4 2025 Report: Trading Business Grows Steadily, On-Chain and Compliance Expansion Accelerates

marsbit23h ago

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