GateToken (GT) Burned Nearly 2 Million Tokens in Q3 2026, Further Solidifying Its Long-Term Value Foundation
- Key Takeaways: GateToken completed its Q3 2026 on-chain burn, destroying approximately 1.987 million GT (worth over $22.35 million), bringing the cumulative burn total to 192 million GT, continuously reinforcing its deflationary mechanism and scarcity attributes.
- Key Details:
- This burn destroyed 1,987,321 GT, worth over $22.35 million, which has been transferred to the burn address.
- Cumulative burn has reached 191,934,541 GT, with a total burn value exceeding $1.504 billion.
- GT's total supply has decreased by approximately 63.98% from the initial 300 million, with the deflationary mechanism continuously in effect since the mainnet launched in 2019.
- Gate has over 61 million global users, supporting 5,300+ crypto assets and 12,800+ stocks and ETFs.
- GT has risen 32.49% over the past 30 days and 63.63% over the past 90 days, demonstrating strong market performance.
- Gate continues to invest in infrastructure including Gate Chain and Gate Layer, and has launched products such as Perp DEX, Gate Fun, and Gate.AI.
According to the official announcement, the Q3 2026 on-chain burn of GateToken (GT) has been officially completed, with a total of 1,987,321.2431520 GT transferred to the burn address, representing a burn value of over $22.35 million.
On-chain transaction details can be viewed at:https://etherscan.io/tx/0x4d0e1a6c996f1e9720a1b87f9d12999eee65f0ee83c7f61456fc5992b03cb5e2
Key information about this burn:
- Burn amount this time: 1,987,321.2431520 GT
- Burn value this time: over $22.35 million
- Cumulative total burned: 191,934,541 GT
- Cumulative total burn value: over $1.504 billion (calculated at quarterly average prices)
GT (GateToken) is Gate's core platform token and the native asset of Gate Chain. As a utility token and gas fee payment token on Gate Chain, GT underpins Gate Chain's underlying transfer system. Since the Gate Chain mainnet launched in 2019, GT has implemented a continuous burn mechanism, reducing the total token supply by approximately 63.98% from the initial 300 million tokens.
This burn continues GT's long-term deflationary mechanism and further reduces market supply. As the burn mechanism continues to be executed, GT's token economic model is continuously optimized, and its scarcity attribute is further strengthened. For details, please refer to:https://www.gate.com/gt.
As the Gate platform continues to expand, its ecosystem coverage has extended from digital asset trading to broader Web3 scenarios. Currently, Gate has over 61 million global users, supports over 5,300 crypto assets and 12,800+ stocks and ETFs, and continues to invest in infrastructure development including Gate Chain and Gate Layer. Around on-chain trading, asset issuance, and application development, products such as Gate Perp DEX, Gate Fun, and Gate Meme Go continue to be launched, while AI products including Gate.AI and Gate for AI Agent are also driving more intelligent applications into the Web3 ecosystem.
Throughout this development process, GT's value foundation is also continuously being solidified. The growth of Gate's user base, product ecosystem, and on-chain applications brings broader practical application space for GT; the continuously advancing burn mechanism further optimizes the token supply structure. As a result, GT's long-term development is more closely linked to Gate's overall ecosystem growth and deflationary process, and its value support is gradually extending from platform benefits to broader ecosystem building.
In terms of market performance, GT has recently maintained strong upward momentum. Data shows that GT has risen 32.49% over the past 30 days and 63.63% over the past 90 days, demonstrating relatively strong market performance. As ecosystem applications continue to expand and the burn mechanism continues to advance, GT's market attention and long-term value foundation are further strengthened.
In the future, Gate will continue to advance Web3 infrastructure and ecosystem application innovation, expand GT's practical applications in on-chain trading, network interaction, and other scenarios, and firmly execute the GT burn mechanism to continuously optimize the token supply structure. Through the coordinated advancement of ecosystem expansion and deflationary mechanisms, Gate will further solidify GT's application foundation, bring users richer Web3 participation scenarios, and provide solid support for GT's long-term development.
Read the full report: https://www.gate.com/announcements/article/102086
About Gate
Founded in 2013 by founder and CEO Dr. Han, Gate is one of the world's leading cryptocurrency and comprehensive financial services platforms. With over 61 million users, it supports trading of 5,300+ crypto assets and 12,800+ stock assets, comprehensively covering TradFi assets including metals, stocks, indices, forex, and commodities, providing users with a one-stop, multi-asset allocation trading experience. As an industry benchmark, Gate was the first to achieve 100% proof of reserves, encompassing diversified products and ecosystem layouts including Gate Wallet, Gate Ventures, and Gate for AI Agent.
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