According to the official announcement, the on-chain burn of GateToken (GT) for Q3 2026 has been successfully completed. A total of 1,987,321.2431520 GT has been transferred to the burn address, with a total burn value exceeding $22.35 million.
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x4d0e1a6c996f1e9720a1b87f9d12999eee65f0ee83c7f61456fc5992b03cb5e2
Key Details of This Burn:
- Burned amount this round: 1,987,321.2431520 GT
- Burn value this round: over $22.35 million
- Total burned to date: 191,934,541 GT
- Total burned value: over $1.504 billion (calculated based on the quarterly average price)
GT is the core platform token of Gate and the native asset of Gate Chain. As the utility token and gas fee token on Gate Chain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the Gate Chain mainnet launch in 2019, GT has implemented a sustained deflationary mechanism. The total token supply has been significantly reduced from its initial 300 million, with an overall reduction of approximately 63.98%.
As Gate continues to expand its platform, its ecosystem is extending beyond digital asset trading into a broader range of Web3 applications. Gate now serves more than 61 million users globally and supports over 5,300 crypto assets alongside 12,800+ stocks and ETFs, while continuing to strengthen infrastructure such as Gate Chain and Gate Layer. Across on-chain trading, asset issuance, and application development, products including Gate Perp DEX, Gate Fun, and Gate Meme Go are being rolled out, while AI products such as Gate.AI and Gate for AI Agent are driving more intelligent applications into the Web3 ecosystem.
Amid this development, the fundamentals supporting GT are also continuing to strengthen. The growth of Gate’s user base, product ecosystem, and on-chain applications is creating broader real-world utility for GT, while the ongoing token burn mechanism further optimizes its supply structure. As a result, GT’s long-term development is becoming more closely linked to the overall growth of the Gate ecosystem and its deflationary process, with its underlying value support gradually extending beyond platform benefits to broader ecosystem development.
In terms of market performance, GT has maintained strong upward momentum recently. Data shows that GT has gained 32.49% over the past 30 days and 63.63% over the past 90 days, demonstrating robust market performance. As the ecosystem continues to expand and the burn mechanism continues to advance, GT’s market attention and foundation for long-term value have also been further strengthened.
Looking ahead, Gate will continue to advance innovation in Web3 infrastructure and ecosystem applications, expand the real-world utility of GT across on-chain trading, network interactions, and other use cases, and remain committed to implementing the GT burn mechanism to further optimize the token’s supply structure. By advancing ecosystem expansion and deflationary mechanisms in tandem, Gate will further strengthen the utility foundation of GT, provide users with richer ways to participate in Web3, and build stronger support for GT’s long-term development.
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About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s leading cryptocurrency and integrated financial services platforms. Serving over 61 million users globally, it supports trading across 5,300+ digital assets and 12,800+ stock assets, while providing access to a comprehensive range of TradFi assets, including metals, stocks, indices, forex, and commodities, delivering users a one-stop, multi-asset trading experience and blockchain-related services. As an industry benchmark, Gate was among the first platforms to implement 100% Proof of Reserves. Its ecosystem includes Gate Wallet, Gate Ventures, Gate for AI Agent, and a wide range of products and services.
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Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement.
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