SKATE Token and Gate Perpetual Futures Trading Guide

SKATE is the native Token of the Skatechain ecosystem, which aims to solve Web3 The fragmentation issue of multi-chain ecosystems. As a multi-virtual machine infrastructure, it allows decentralized applications (dApp) to run seamlessly across more than 30 heterogeneous blockchains such as EVM (Ethereum), SVM (Solana), and TonVM (TON), and achieves cross-chain liquidity aggregation through the core product Skate AMM. Its technical core is the “stateless architecture” - separating application logic from asset custody, where assets remain on the original chain during user transactions, only synchronizing states 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 Futures Trading platform on June 9, 2025.

Gate Perptual Futures Real-time Data (As of July 4, 2025)

Gate exchange launched SKATE spot and Perptual Futures 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;
• Futures Trading Volume: $2 million in 24 hours, accounting for 6.09% of the total trading volume of Perptual Futures across the network, ranking as the fourth largest trading platform;
• Leverage Support: Offers flexible leverage from 1 to 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 high volatility characteristics in the early stage.

Core Advantages of Gate Perptual Futures

When designing the Perptual Futures products, Gate has optimized several aspects to balance user needs and risk control:

1. No expiration date and high leverage: The contracts have no fixed settlement date, supporting long-term holding strategies, while providing industry-leading leverage (up to 20x for SKATE contracts);
2. Scientific risk control mechanism: Uses the mark price (rather than the latest transaction price) as the basis for liquidation to avoid mis-triggering due to instantaneous market fluctuations; in the event of liquidation, losses are first covered by the insurance fund to reduce systemic risk;
3. Funding rate balance: By having both long and short parties periodically pay funding fees, it encourages the contract price to closely anchor to the spot index, reducing deviation risk;
4. Ecological incentive activities: Multiple activities such as Launchpool and airdrops were launched during the initial phase, distributing 1.65 million SKATE and GT Token rewards to enhance user participation.

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 tokens. Affected 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 annual yield reaches 160% - 220%, which may attract long-term holders to lock up their assets;
• Leverage Trading Volatility: The 50x contracts on platforms like Binance may amplify price fluctuations.
  In terms of medium to long-term forecasts, Gate’s platform model indicates: the average expected price in 2025 is 0.0417 USD, which may rise to 0.071 USD by 2030, and potentially exceed 0.12 USD by 2035, representing a potential increase of 187% from the current price.

Future Outlook: Technology Upgrades and Ecological Expansion

The long-term value of Skate will depend on its technological implementation and ecological synergy effectiveness:

1. Technological Iteration: Modular sharding technology is planned to be launched in Q2 2025 to improve cross-chain throughput; in Q3, DAO governance will be introduced, allowing token holders to vote on liquidity allocation ratios;
2. Scenario Expansion: Integrate Telegram’s tens of millions of user traffic, reducing the threshold for cross-chain transactions through Mini Apps; deepen cooperation with the RWA protocol Plume Network to enhance the efficiency of cross-chain transactions for real-world assets;
3. Regulatory Adaptation: The team has laid out for the Singapore MPI license to meet compliance requirements for cross-chain protocols in Europe and the United States (such as the MiCA Act). If EigenLayer’s re-staking scale exceeds 10 million ETH, Skate, as a key component of its ecological AVS (Active Verification Service), may see its protocol revenue experience exponential growth.

Perpetual futures trading requires attention to changes in funding rates and margin levels to avoid forced liquidation due to market volatility under high leverage. It is recommended to combine the progress of the Skate ecosystem (such as the launch of DAO governance, RWA cooperation) to layout medium to long-term strategies and diversify short-term volatility risks.