Gate’s Web3 Revolution: 41 Million Users and Counting as Ecosystem Expands Rapidly

Gate's September transparency report reveals explosive growth—global user base surges past 41 million while their 'All in Web3' strategy accelerates ecosystem expansion at breakneck speed.

The Web3 Gambit Pays Off

Gate's aggressive pivot to Web3 infrastructure continues delivering staggering results. Their comprehensive ecosystem approach—spanning decentralized exchanges, NFT marketplaces, and blockchain services—creates a gravitational pull that's drawing millions into the Web3 fold monthly.

Transparency as Strategy

The monthly report tradition itself signals Gate's commitment to operational clarity in an industry where opacity often reigns. While traditional finance still debates blockchain's merits, Gate builds the infrastructure that's quietly eating their lunch—one transparent report at a time.

Ecosystem Expansion Accelerates

With 41 million users now onboard, Gate's network effects compound dramatically. Each new service layer strengthens the entire ecosystem, creating the kind of sticky user experience that keeps traders from wandering elsewhere. The flywheel spins faster with every quarterly report.

Because nothing says 'trust us' like voluntarily publishing your numbers while traditional banks still hide behind quarterly earnings calls that reveal precisely nothing.

Retail Traders Increase Long Positions in October — But Will They Succeed?

According to the latest report from Hyblock Capital, retail investors are maintaining aggressive long positions across major cryptocurrencies. The long ratio currently ranges from 68% to 79% for Bitcoin (BTC), ethereum (ETH), Solana (SOL), and HYPE.

Retail Accounts Long% has become even more extreme.

BTC: 68% of retail accounts are long (97th percentile)
ETH: 71% of retail accounts are long (96th percentile)
SOL: 79% of retail accounts are long (98th percentile)
HYPE: 68% of retail accounts are long (63rd percentile) https://t.co/S4lVBv4qWe pic.twitter.com/bbhxJVJLDg

Data from Coinglass supports this view. On Binance, the Long/Short Account Ratio is 2.1 for BTC, 2.6 for ETH, 3.7 for SOL, and 2.0 for HYPE.

A higher ratio means a larger number of long accounts compared to short ones. This suggests that many traders expect a V-shaped market recovery after the sharp decline on October 11.

However, the correlation between long ratios and prices now points to potential losses for retail traders. Data from Hyblock shows a strong negative correlation:

• BTC: -0.93
• ETH: -0.86
• SOL: -0.87

In other words, as long ratios rise, prices tend to fall — suggesting that retail longs may struggle as the market declines.

This pattern already appears to be unfolding. CoinGlass data shows that over $1.1 billion in positions were liquidated recently, with $873 million coming from long trades.

“In the past 24 hours, 289,922 traders were liquidated. The total liquidations come in at $1.11 billion,” Coinglass reported.

The total crypto market capitalization continues to correct, falling below $3.6 trillion. As a result, the scale of liquidations could rise further. This surge in forced liquidations indicates that retail optimism may fade quickly under continuous sell pressure.

Excessive liquidations can drain retail traders’ capital. Even if many altcoins drop to lower prices, they may no longer have the funds to buy back in. This could make a V-shaped recovery unlikely and keep the market volatile and range-bound at lower levels.