TL;DR
Last month, Gate posted the largest month-on-month growth among centralized exchanges, while Binance remained the leader in total volume. Demand for reliable liquidity increased among institutional and retail investors following a slow September and a period of heavy liquidations in October.
The exchange’s growth was driven by its Layer ecosystem, launchpools, launchpads, and perpetual futures trading. The platform reached over $159 million in spot volume, with a 31% month-on-month increase and a 6.57% market share. Gate stood out in new token issuance, launching 35 launchpools in September and October, compared with 8 from Bitget, 6 from Bybit, and just 1 from Binance. Users received $3.3 million in rewards.
Global spot volume rose from $1.82 trillion in September to $2.42 trillion in October, marking a 33% monthly increase. Binance recorded 29% spot growth, while KuCoin surged 218% following promotional campaigns and the introduction of new products. Exchanges such as OKX, HTX, and Crypto.com also saw renewed activity in this segment. In derivatives, leadership was shared among Binance, OKX, and Bybit, while KuCoin also expanded its volumes.
Centralized exchange activity boosted competition among associated blockchains. BNB Chain delivered the strongest performance, while Mantle, supported by Bybit, maintained solid growth. Gate Layer emerged as one of the most widely adopted CEX-affiliated blockchains during the month.
The growth in launchpools and new token issuance confirms that crowdfunding and token sales remain effective mechanisms within CEXs. The combination of economic incentives, proprietary ecosystems, and reliable liquidity established Gate as a reference point for new token launches and for the adoption of exchange-linked blockchains.
