Gate Burns $17.75 Million Worth of GT in Q2 as Deflation Strategy Continues

Gate Burns $17.75 Million Worth of GT in Q2 as Deflation Strategy Continues

Gate has completed the on-chain burn of GateToken (GT) for the second quarter of 2026, permanently removing 2,570,063.3829548 GT from circulation.

Based on the quarterly average price, the latest burn is valued at more than $17.75 million.

Following the latest burn, the cumulative number of GT tokens permanently destroyed has reached 189,947,219, with the total value of all burns exceeding $1.311 billion.

The transaction has been completed on-chain, continuing the exchange's long-running commitment to reducing the token's circulating supply through scheduled burns.

GT supply continues to shrink

GT serves as both the utility token of Gate and the native asset of Gate Chain, where it is used for network transactions, gas fees and ecosystem operations.

Since the launch of Gate Chain in 2019, the token has operated under a deflationary model. The total supply has fallen from its original 300 million tokens, representing an overall reduction of approximately 63.32%.

According to Gate, the continued burn mechanism is intended to reinforce GT's scarcity while aligning token economics with long-term ecosystem growth and on-chain usage.

Web3 expansion drives utility

Alongside the burn program, Gate continues expanding its on-chain infrastructure through products focused on asset issuance, decentralized trading, AI-powered analytics and liquidity.

Its Gate Layer network provides the foundation for applications including Gate Perp DEX, Gate Fun, Gate Meme Go and Gate Swap. Together, these services support perpetual trading, meme token creation, AI-assisted on-chain analysis and cross-asset swaps, broadening the range of activities available within the ecosystem.

The company says GT remains central to network operations, transaction execution and application interactions, with token utility increasing as new products are introduced.

Beyond crypto Into traditional markets

Gate has also continued expanding its presence beyond digital assets. The platform now offers access to more than 12,500 stocks and ETFs across the U.S., Hong Kong and South Korean markets with 24/7 trading support.

Additional features include fractional share investing, stock dividends, broker account transfers for eligible U.S. and Hong Kong securities and support for corporate actions such as stock splits and reverse splits.

The investment lineup has also expanded to include Pre-IPOs, IPO Access and gStocks tokenized securities, creating a product ecosystem that spans private market opportunities, listed equities and tokenized financial assets.

AI has become another focus of Gate's long-term development strategy. The company continues investing in products including Gate AI, GateClaw, Gate for AI Agent and Gate Skills Hub to combine AI capabilities with Web3 infrastructure.

According to Gate, these initiatives are designed to improve on-chain interactions, increase ecosystem efficiency and support a wider range of decentralized applications.

Looking ahead, the exchange says it plans to continue expanding its Web3 infrastructure while maintaining its long-term GT burn program, combining token deflation with ecosystem development to support sustainable growth.