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ETH $2,288.51 -0.79%
BNB $624.16 -0.44%
XRP $1.38 -1.27%
SOL $83.88 -1.11%
TRX $0.3226 -0.82%
DOGE $0.0995 +0.83%
ADA $0.2468 -0.45%
BCH $452.67 +0.43%
LINK $9.24 -0.82%
HYPE $39.97 -4.27%
AAVE $96.35 -1.05%
SUI $0.9246 -1.02%
XLM $0.1622 -2.04%
ZEC $336.41 -4.80%

GateToken (GT) On-chain burn completed in Q4 2025, with a total cumulative burn value exceeding 1.9 billion USD

2026-01-08 18:47:17
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According to the official announcement, the on-chain burn of GateToken (GT) for the fourth quarter of 2025 has been officially completed, with a total of 2,163,900.48229 GT transferred to the burn address, amounting to a destruction value of over 26.92 million USD.
Since the launch of the GateChain mainnet in 2019, GT has implemented a continuous burn mechanism, with a total of 184,819,426 GT burned to date, resulting in a total destruction value of over 1.9 billion USD (calculated at current prices), and the total supply of tokens has been significantly reduced by approximately 61.61% from the initial 300 million.
With the launch of Gate Layer and the gradual rollout of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, Gate's on-chain ecosystem continues to improve. As the only Gas token for Gate Layer, GT's usage frequency in scenarios such as trading, interaction, and governance is steadily increasing, with on-chain demand growing consistently. Gate will continue to implement a long-term, stable GT burn mechanism, promoting the deflationary process under compliance, creating a closer positive cycle between the token economic model and real usage demand and ecological expansion.

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