Gate cryptocurrency exchange has secured $63.87 million in net capital inflows over a recent 24-hour period.
This significant net inflow positions Gate as the second-ranked exchange globally for that timeframe, according to established on-chain data provider DefiLlama.
The substantial influx reflects growing trust and confidence among cryptocurrency traders, correlating with an expansion in the exchange’s overall market liquidity.
While Gate saw the second-highest inflow, it was surpassed only by the global leader, which reported a net inflow of $75.12 million.
Analysts note that Gate’s strengthening capital flow positions it competitively within the dynamic cryptocurrency exchange landscape.
A high net inflow signifies more funds entering the exchange than exiting, a crucial metric for positive market dynamics and a key indicator of sustained investor confidence.