PANews reported on October 27th that Gate Ventures, the venture capital arm of Gate, announced the completion of its strategic acquisition of ADEN, a decentralized cryptocurrency perpetual swap exchange (Perp DEX). According to CoinMarketCap data, the platform ranks third among global decentralized perpetual swap exchanges, with a monthly trading volume exceeding $20 billion and over 200,000 users worldwide.

This acquisition is a key strategic move by Gate to expand its presence in the decentralized derivatives market, further solidifying its "All in Web3" strategy. Following the integration, ADEN will migrate to Gate Layer, Gate's proprietary, high-performance Layer 2 network, with an expected official launch on November 3rd. This will leverage Gate Layer's scalability and security advantages to improve user transaction efficiency and service levels.