According to the official announcement, the on-chain burn of GateToken (GT) for Q1 2026 has been successfully completed. A total of 2,557,729.381387 GT has been transferred to the burn address, with a total burn value exceeding $20.68 million. To date, a cumulative total of 187,377,156 GT has been burned, with an estimated total value of over $1.382 billion (at current prices).
On-chain transaction details can be viewed at Etherscan
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 62.46%.
As Gate Layer and its Web3 ecosystem products enter the stage of stable operation and large-scale development, GT's foundational position within the entire Gate ecosystem is being continuously solidified. Centered around core applications such as Perp DEX, Gate Fun, Meme Go, and Gate Swap, Gate has progressively built a complete Web3 application system covering trading, issuance, liquidity, and on-chain interaction, with on-chain activity and authentic usage demand being continuously released.
Meanwhile, Gate continues to advance its multi-asset and intelligent strategies, leveraging the TradFi trading zone and introducing traditional assets such as gold and crude oil across segments like spot and futures. Furthermore, the platform is accelerating the implementation of its "Intelligent Web3" strategy, promoting the synergistic development of infrastructure and applications such as Gate for AI Agent, GateClaw, Gate.AI, and GateRouter, which in turn drives the synchronized growth of on-chain trading and interaction demand.
Against this background, GT is deeply involved in key processes such as network operation, transaction execution, and application interaction, with its utility and consumption continuously rising alongside the expansion of the ecosystem. Gate consistently and firmly executes the GT burn plan, steadily advancing the deflationary process under the premise of legal and regulatory compliance. Through a long-term, stable, and sustainable burn mechanism, Gate continuously strengthens GT's scarcity attributes and value foundation, enabling the token economic model to form a tighter positive loop with authentic on-chain usage demand and ecosystem growth. Please refer to: https://www.gate.com/gt
Looking forward, Gate will continue to deepen the underlying infrastructure and expand decentralized trading along with diversified on-chain application scenarios to provide users with a more secure, efficient, and rich Web3 experience. Through the synergistic advancement of deflationary mechanisms and ecosystem building, Gate is acting as a long-term builder to advance Web3 infrastructure toward a more mature and sustainable development path.
About Gate
Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 52 million users with 4,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, Gate for AI Agent, and other innovative solutions.
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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 via https://www.gate.com/user-agreement.
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Dan Burgin
U.Today Editorial Team
