According to the official announcement, the on-chain burn of GateToken (GT) for Q2 2026 has been successfully completed. A total of 2,570,063.3829548 GT has been transferred to the burn address, with a total burn value exceeding $17.75 million.
Key Details of This Burn:
- Burned amount this round: 2,570,063.3829548 GT
- Burn value this round: over $17.75 million
- Total burned to date: 189,947,219 GT
- Total burned value: over $1.311 billion (calculated based on the quarterly average price)
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x2c72fe227f97ea541214cb121d4e1a3073174309b92df93d91a8279f4600f048
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 63.32%.
Gate continues to enrich its on-chain product layout, building a more comprehensive Web3 product matrix centered around core scenarios such as asset issuance, on-chain trading, intelligent decision-making, and asset circulation. As the underlying infrastructure, Gate Layer provides high-performance network support for applications including Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. This enables efficient synergy among capabilities such as on-chain perpetual trading, Meme asset issuance, AI-driven on-chain analytics, and cross-asset swaps, continuously expanding users’ on-chain trading scenarios and driving a sustained increase in ecosystem activity.
Meanwhile, Gate is expanding the boundaries of its global investment products, accelerating the convergence of digital assets and traditional financial markets. Currently, Gate has established a comprehensive stock investment framework spanning the U.S., Hong Kong, and South Korean markets, supporting 24/7 trading for over 12,500 stocks and ETFs. It also supports fractional share trading, stock dividends, cross-brokerage account transfers for U.S. and HK stocks, and corporate actions such as stock splits and reverse splits. Furthermore, Gate has successively rolled out products like Pre-IPOs, IPO Access, and gStocks tokenized securities. This gradually forms a diversified product matrix encompassing pre-listing investments, post-listing real stock trading, and tokenized securities, providing users with a more complete, one-stop global investment experience.
In addition to strengthening its multi-asset layout, Gate is accelerating its Intelligent Web3 strategy. By sustained investment in infrastructure such as Gate AI, GateClaw, Gate for AI Agent, and Gate Skills Hub, Gate promotes the deep integration of AI and Web3. This further enhances on-chain interaction efficiency and ecosystem synergy, providing robust underlying support for a wider range of innovative application scenarios.
Against this background, GT is deeply involved in key processes such as network operation, transaction execution, and application interaction, with its utility and consumption steadily 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 keep deepening the underlying infrastructure and expanding 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 leading cryptocurrency and integrated financial services platforms. Serving over 55 million users globally, it supports trading across 4,700+ digital assets and 12,500+ 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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