# GTBurns2.57MInQ1

476
$GT
Deflationary token economics is more than a buzzword it is a measurable, verifiable commitment that Gate has upheld for more than seven years.
The latest chapter in that commitment has now been completed.
During Q1 2026, GateToken (GT) permanently removed:
- 2,557,729 GT
from circulation, valued at approximately:
- $20.68 million
at the time of the burn.
Every burned token was permanently destroyed through a verified on-chain burn address, creating a transparent and auditable reduction in circulating supply.
Market Snapshot
Q1 2026 GT Burn
- GT Burned: 2,557,729 GT
- Burn Value: ~$20.68
GT-1.17%
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