Crypto exchange Gate unveiled Gate Fun, an on-chain platform that allows users to issue and trade tokens without coding. The platform runs on Gate Layer, the company’s recently launched layer-2 network built on the OP Stack.
Gate claims users can create tokens in under a minute by paying a small gas fee in GT, the network’s native token.
Similar to popular token launcher Pump.fun, token parameters such as name, symbol, and initial purchase options can be customized through a one-click interface.
Gate Fun is accessible both via Web3 wallets like MetaMask and Gate’s own account system. Tokens launched on the platform can be traded across multiple Gate products, including Gate Alpha, Meme Go and Swap
The Gate Fun debut comes shortly after Gate unveiled Gate Layer, a high-performance layer-2 rollup built on the OP Stack and anchored by GateChain. Alongside Gate Fun, Gate has introduced other applications on the network such as Perp, a perpetuals trading hub, and Meme Go, a meme token tracker.
GT is currently trading at $16.23 having slipped by around 1.9% over the past 24 hours.