SKATE Token and Gate Perptual Futures Trading Guide

SKATE is the native token of the Skatechain ecosystem, which aims to address the fragmentation issue of the Web3 multi-chain ecosystem. As a multi-virtual machine infrastructure, it allows decentralized applications (dApp) to run seamlessly across more than 30 heterogeneous blockchains, including EVM (such as Ethereum), SVM (Solana), TonVM (TON), and achieves cross-chain liquidity aggregation through its core product, Skate AMM. Its technical core is the "stateless architecture" — separating application logic from asset custody, allowing user assets to remain on the original chain during transactions, and only synchronizing the state through a universal application layer, thereby reducing cross-chain transaction costs by 60% and minimizing slippage to below 0.3%. The project completed a $4.75 million financing in 2023, with investors including top institutions such as HashKey Capital and Nomad Capital, and is set to officially launch on Gate and the contract trading platform on June 9, 2025.

##Gate Perpetual Contract Real-time Data (as of July 4, 2025) Gate exchange launched SKATE spot and perpetual contract trading on June 9, becoming an important derivatives market for this token. According to the latest data:

• Current price: $0.0408, down 7.65% in the past 24 hours;
• Contract trading volume: 24-hour volume reached 2 million USD, accounting for 6.09% of the total trading volume of perpetual contracts across the network, ranking as the fourth largest trading platform;
• Leverage support: provides flexible leverage of 1 - 20 times, supporting both long and short positions;
• Historical Volatility: Since its launch on June 9, the price has peaked at $0.13 and dipped to $0.03, reflecting the high volatility characteristics in the early stages.

##Core Advantages of Gate Perpetual Contracts Gate has made multiple optimizations in designing perpetual contract products, balancing user demands and risk control.

1. No expiration date and high leverage: The contract has no fixed settlement date, supports long-term holding strategies, and offers industry-leading leverage multiples (SKATE contracts up to 20 times);
2. Scientific Risk Control Mechanism: Use the marked price (instead of the latest transaction price) as the basis for liquidation to avoid mis-triggering due to instantaneous market fluctuations; in case of liquidation, losses are first covered by the insurance fund to reduce chain risks;
3. Funding Rate Balance: By having both long and short positions periodically pay funding fees, the contract price is encouraged to closely anchor to the spot index, reducing deviation risk;
4. Ecological Incentive Activities: Launch multiple activities such as Launchpool and airdrops during the initial launch phase, distributing 1.65 million SKATE and GT token rewards to enhance user participation motivation.

Price Prediction: Short-term Pressure and Long-term Potential

The current market capitalization of SKATE is 7.34 million USD, with a circulation of 180 million pieces. Influenced by early unlocks and airdrop sell pressure, the price has retraced 68.8% from its historical high of 0.13 USD. The short-term trend (0 - 3 months) may be driven by two main factors:

• Staking yield support: xSKATE staking annualized yield reaches 160% - 220%, which may attract long-term holders to lock in.
• Leverage trading volatility: The 50x contracts on platforms like Binance may amplify price fluctuations. In terms of medium to long-term forecasts, the Gate platform model shows: the average price expectation for 2025 is $0.0417, which may rise to $0.071 in 2030, and is expected to exceed $0.12 in 2035, a potential increase of 187% compared to the current price.

##Future Outlook: Technology Upgrades and Ecological Expansion The long-term value of Skate will depend on the effectiveness of its technological implementation and ecological synergy.

1. Technical Iteration: Plan to launch modular sharding technology in Q2 2025 to enhance cross-chain throughput; DAO governance will be introduced in Q3, where token holders will vote to determine the liquidity allocation ratio;
2. Scenario Expansion: Integrate Telegram's tens of millions of user traffic, reduce the threshold for cross-chain transactions through Mini App; deepen collaboration with the RWA protocol Plume Network to enhance the cross-chain efficiency of real assets;
3. Regulatory Adaptation: The team has laid out a Singapore MPI license to meet the compliance requirements of Europe and the United States (such as the MiCA Act) for cross-chain protocols. If the staking scale of EigenLayer exceeds 10 million ETH, Skate, as a key component of its ecosystem AVS (Active Verification Service), may witness exponential growth in protocol revenue.

When trading perpetual contracts, it is important to pay attention to changes in funding rates and margin levels to avoid forced liquidation caused by market fluctuations under high leverage. It is recommended to combine the progress of the Skate ecosystem (such as the launch of DAO governance and RWA cooperation) to layout medium and long-term strategies and diversify short-term volatility risks.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of its services from restricted areas. Please read the user agreement for more information, link: