Wade is informing the High Five about the information he recovered from when he was in the IOI headquarters. The Sixers have not figured out how to pass the last gate and they are trying to kill all of them to get rid of the competition. They need to get to Castle Anorak fast.
During the huge battle at Castle Anorak, the High Five and all the gunters were winning and they had a chance to get into the gate but then Sorento enabled the catalyst which was a huge bomb that killed everyone in the sector
Wade had an extra life which means he was the only one that survived which gave him a free chance to beat the final gate. He knew that the Sixers would have a whole fleet at the edge of the sector. So he quickly beat the last gate to defy all odds and achieve the ultimate goal of finding the Easter Egg