Decentralized trading is having a moment. With perpetual futures DEX volumes crossing $1 trillion in September 2025, the race for liquidity and user adoption has never been fiercer. Against this backdrop, Gate has rolled out Gate Perp DEX, a decentralized perpetual exchange built on its proprietary Gate Layer, along with Gate Fun, a no-code memecoin launchpad.
In our Gate exchange review we mentioned that it’s one of the most feature-packed platforms in the industry. Today the exchange expanded its offerings even further, as these features aim to reshape how traders and creators interact with the fast-growing DeFi ecosystem.
Gate Perp DEX: Decentralized Perpetual Trading
Gate Perp DEX is designed as a high-performance decentralized exchange for perpetual contracts, powered by Gate Layer, a Layer 2 network capable of handling over 5,700 transactions per second.
Unlike many decentralized exchanges (DEXs) that struggle with slippage and execution delays, Gate Perp DEX ensures trades are transparent, verifiable, and scalable. It supports flexible margin modes, making it suitable for both retail users and institutional traders.
Importantly, you don’t need to use Gate’s own wallet to trade here. Any Web3 wallet such as MetaMask is supported, allowing seamless access for traders across the decentralized trading ecosystem.
How Gate Perp DEX Fits Into the Industry
The launch comes during a record-breaking phase for decentralized trading. According to DefiLlama, perpetual futures DEX volumes hit $1.14 trillion in September 2025, up nearly 50% from August.
Uptober just begun and trading volume this month is already at $360 billion, likely resulting in another record month for decentralized trading.
- Aster now leads the market, $576 billion in trading volume over the past 30 days.
- Hyperliquid, once dominant, still commands loyalty with 62% of open interest and strong revenues. Its 30-day perp volume is sitting at $280B.
- ApeX has also had notable growth, with APEX token pumping over 10X in the past week. This Bybit backed DEX is currently #9 by 30-day volume at $16B.
SunPerp is also gaining traction by focusing on retail-friendly decentralized trading. This newer entrant backed by Justin Sun could also quickly grab a substantial market share.
In this crowded market, Gate DEX adds another dimension to Gate’s ecosystem, expanding beyond its reputation for centralized services and Web3 wallet solutions into decentralized perpetual trading.
Rewards and Incentives on Gate Perp DEX
Gate emphasizes community-driven growth through:
- Referral Programs with tiered real-time commissions.
- Points System for trading, referrals, and tasks.
- Launch Campaigns, including a beta event where users can earn up to 500 GT.
This layered incentive model mirrors trends across decentralized exchanges but with Gate’s emphasis on long-term participation rather than short-term rewards.
For those interested, Gate Perps decentralized exchange has a maker fee of 0.02%, and taker fee of 0.05%. You can use referral code “ZBLPGIIa” and get a 20% fee discount, with zero downside. The fee rebate lasts for 1 year. To activate the fee discount on Gate Perps, you need to punch in the code within 7 days of connecting your wallet (aka creating your account).
Gate Perp is available in English and Chinese languages, and the user interface is nearly identical to the centralized exchange. In fact, the UI is highly customizable, and most users won’t even notice a difference between CEX and DEX trading.
The decentralized platform will also let you swap between assets, and upcoming features include a bridge and copytrading. Because Gate DEX is still in beta phase, bugs or issues can happen, but otherwise the platform is fully functional.
Decentralized Exchange Fees Comparison: Gate, Hyperliquid, Aster & ApeX
| Exchange | Maker Fee | Taker Fee | Notes |
|---|---|---|---|
| Aster | 0.0100% | 0.0350% | 5% fee discount with referral code “EA246c“ |
| Hyperliquid | 0.0150% | 0.0450% | Discounts with volume & HYPE staking, 4% discount with referral code “CEXFINDER“ |
| Gate Perp DEX | 0.0200% | 0.0500% | 20% fee discount with referral code “ZBLPGIIa“ |
| ApeX | 0.0200% | 0.0500% | 5% discount with referral code “Q5SZAASM“ |
Gate Fun: A Memecoin Launchpad for the Web3 Era
In parallel, Gate has introduced Gate Fun, a memecoin launchpad built on Gate Layer. The platform allows anyone to create a token in under one minute for a gas fee below $0.0001.
By combining ease of use with creator incentives, Gate Fun positions itself as a competitor in the memecoin launch space, challenging established players like Pump.fun and Sun.pump. Notably, LBank exchange also recently launched a memecoin creation platform, making this one of the most competitive corners of crypto in 2025.
Key Features of Gate Fun
- No-Code Token Creation: Simple tools for creators with no coding background.
- Creator Rewards: 50 GT graduation bonus when tokens migrate to Gate Swap, plus revenue from trading fees.
- Community Engagement: Memecoins may earn “Gate Layer Community Star” status and could be listed on Gate’s spot market.
How to Launch Your Own Memecoin on Gate Fun
- Connect a wallet such as MetaMask or Gate Wallet.
- Enter token details (name, symbol, supply).
- Pay a minimal gas fee (< $0.0001).
- Deploy your token instantly on Gate Layer.
- Engage the community and migrate to Gate Swap to unlock rewards and possible listings.
This no-code approach empowers creators and adds a new cultural layer to decentralized trading.
Gate Fun Public Test Event
Running until October 14, 2025, the test campaign includes over 6,000 GT in rewards. Both token creators and traders can compete in ladder contests, with the best-performing projects having a shot at a spot listing on Gate.
Gate’s Dual Launch = Double Win
By rolling out both a decentralized perpetual exchange (Gate Perp DEX) and a memecoin launchpad (Gate Fun), Gate is building an ecosystem that spans serious trading and playful community-driven tokens.
- Gate Perp DEX enhances liquidity and performance for decentralized trading.
- Gate Fun provides tools for mass participation in token creation.
- Combined with Gate’s highly rated decentralized Web3 wallet (already one of the best in the industry), the new platforms create a comprehensive decentralized suite.
Importantly, Gate makes it clear: you don’t need its wallet to trade on the DEX. Any popular wallet, including MetaMask, will work—ensuring accessibility across the decentralized exchange ecosystem.
Final Thoughts
Decentralized exchanges are evolving fast. While Aster, Hyperliquid, ApeX, and SunPerp grab headlines, Gate is betting on superior infrastructure and ecosystem integration. Adding to its momentum, Gate also obtained a MiCA license in Malta this week, enabling it to offer fully regulated crypto trading and services across the EEA.
With Gate Perp DEX targeting professional-grade decentralized trading and Gate Fun opening the doors to meme culture and token creation, Gate isn’t just catching up. It’s carving out its own lane in the decentralized trading revolution.
