Announcements Gate.io Adjusted Transaction Confirmation for Layer 2 Deposits

Gate.io Adjusted Transaction Confirmation for Layer 2 Deposits

2024-07-01 10:40:54 UTC 14626 Read

ZK/USDT -0.50%

For enhanced security, Gate.io has updated the deposit confirmation for transactions via L2 networks. Transaction made via any Layer 2 will only be credited after the Finality is achieved on both layer 2 and its underlying layer 1. Based on the L2 finality mechanism, its underlying L1 confirmation time and network conditions, some L2 transactions may take up to 24 hours to be credited.
According to historical data, the Finalty on zkSync Era, Metis,Base and ARB is as below:
zkSync Era : about 24 hours
Metis: about 5 hours
Base: about half an hour
Arbitrum: about half an hour
If you are using the L2 transaction, it is highly recommended that you take the finality time into consideration when making your trading strategy.
Gate.io is also planning to provide a finality time reminder for each L2 network in the future to provide you a more precise and updated finality time for your reference.
Thank you for your continued support.

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Gate.io Team
July 1, 2024

Gate.io Adjusted Transaction Confirmation for Layer 2 Deposits

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