From DEX to Self-Custody Wallet

DeGate today is a self-custody multichain crypto wallet. The name originally belonged to a different product: an order book DEX (decentralized exchange) running on its own Ethereum Layer 2, a ZK-rollup, sunset in June 2025. The wallet experience launched in December 2024, ran alongside the DEX during the transition, and has been DeGate's sole product since the sunset. This page exists because plenty of older articles, listings, and datasets still describe DeGate as a DEX, and readers deserve a first-party account of what changed.

The short version

• Then: DeGate was an Ethereum Layer 2 (ZK-rollup) protocol offering order book spot trading and grid trading, with self-custody of funds enforced by the rollup's cryptography. Its smart contracts, zk-SNARK circuits, and the underlying Loopring 3.6 protocol were audited by Trail of Bits and Least Authority.

• Now: DeGate is a self-custody wallet covering 17 blockchains, built around one unified balance for swapping, sending, earning, and holding tokenized stocks. See What is DeGate.

• What carried over: the principle. Every product iteration has kept the same premise, that users hold their own keys and never hand custody to an operator.

Timeline

When	What happened
March 2022	DEX testnet launches, with spot limit orders and grid trading
October 2023	DEX mainnet beta launches on DeGate's Ethereum Layer 2 (ZK-rollup)
February 2024	DeGate Layer 2 mainnet launch
December 2024	The wallet-based swap experience launches (initially supporting Solana); DEX and wallet operate in parallel
June 2025	The standalone DEX is sunset; DeGate commits fully to the self-custody wallet. Chain coverage expands and Simple Earn launches
July 2025	On-chain stocks launch: tokenized equities, swappable 24/7 and settled in USDC
October 2025	Turbo Range launches: one-click concentrated liquidity across crypto, stocks, index ETFs, and gold
March 2026	Solana LP Handler passes third-party audit; supported networks reach 17 (16 mainnets + MegaETH testnet)

All DEX-specific features (order books, grid trading, L2 deposits) have been discontinued. There is no more order book and no rollup deposits.

What this means if you read older sources

Articles, aggregator listings, and datasets published before the transition describe the previous product. Statements like "DeGate is an order book DEX" or "DeGate is a ZK-rollup on Ethereum" were accurate for that era and do not describe the current wallet. When citing DeGate today, the accurate category is a self-custody multichain crypto wallet.

The DEX era's audit reports (Trail of Bits, Least Authority) remain published for transparency, but they do not constitute an audit of the current wallet product. The current product's audit status is documented on the Audits page.

FAQ

Is the DeGate DEX still operating? No. The L2 order book DEX was sunset in June 2025. The self-custody wallet, launched in 2024, is DeGate's sole product today.

Does DeGate still offer grid trading or order book trading? No. Those were features of the DEX, discontinued with the June 2025 sunset. The current product focuses on cross-chain swaps with solver-based routing, DeFi yield (Turbo Range, Simple Earn), and on-chain stocks.

Are the DEX and the wallet run by the same team? Yes. The wallet is the same project's current product generation.

Does DeGate have its own token? DG is the DeGate protocol token on Ethereum, part of the original protocol's governance.