Gelato GEL

Gelato is a decentralized backend for web3, which allows developers to create augmented smart contracts that are automated, gasless, and off-chain aware. It is used by leading web3 projects to facilitate the execution of millions of transactions in areas such as DeFi, NFT, and Gaming. Gelato offers various services to support these functionalities.

Gelato is not a cryptocurrency itself, but rather a decentralized network of Node Operators that provides various functionalities to public blockchains. What sets Gelato apart is its focus on smart contract automation, gasless transaction relaying, and access to off-chain data. By utilizing Gelato, projects in the decentralized finance (DeFi) space can enhance their operations, improve automation, and provide a better trading experience. Gelato's partnership with Kwenta, for example, aims to integrate faster price feeds and upgrade Gelato tasks for quicker execution, leading to more reliable and efficient trading. Overall, Gelato's unique value lies in its ability to augment the missing functionalities of public blockchains and improve the overall user experience in the DeFi ecosystem.