Gate Ventures Acquires Decentralized Perpetual Exchange ADEN to Strengthen Web3 Expansion

Gate Ventures, the venture capital arm of the Gate Group, has acquired ADEN, a leading decentralized perpetual exchange (Perp DEX), as a strategic move to bolster its "All in Web3" initiative.

ADEN currently ranks third globally among decentralized perpetual exchanges, boasting over $20 billion in monthly trading volume. Following the acquisition, ADEN will migrate to Gate Layer, Gate's proprietary EVM-compatible Layer 2 solution built on the OP Stack, to improve scalability and speed. ADEN will integrate into Gate Perp DEX, which supports extensive leverage options and cross-chain functionality.

The acquisition also includes supporting the expansion of the Bugscoin ecosystem, founded by ADEN's creator, INBUM, who will remain the Founder of ADEN. This integration aims to merge ADEN's existing liquidity and community with Gate's infrastructure to advance decentralized derivatives trading.

(Source：BeInCrypto)