View transaction details on-chain: https://etherscan.io/tx/0xd096462709ac0d98e789ca182c610b45ed524339cd01928e4c15a5192c2ee42c

GT is the core platform token of Gate and the native asset of Gate Chain. As the utility token and gas fee token on GateChain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the GateChain 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 60.18%. Even amid multiple market cycles, the platform has consistently executed a prudent and transparent burn strategy, demonstrating its long-term commitment to GT’s deflationary model and providing a solid foundation for sustained value appreciation.

Key Highlights from This Burn:

• GT burned this quarter: 1,922,789.196841
• Estimated burn value: ~$39.01 million
• Total GT burned to date: 180,555,112
• Cumulative Burn Value (at current prices): ~$2.748 billion

As on-chain applications continue to expand, the role of GT within the Gate ecosystem is also evolving. Looking forward, Gate will continue to enhance the underlying capabilities of GateChain, with a focus on its core features such as data availability, to ensure network efficiency and security. At the same time, it will further expand its Web3 application scenarios to cover wallets, trading, asset management, NFTs, memes, and beyond, driving the ecosystem toward greater depth and diversification.

Gate remains firmly committed to the long-term deflationary plan for GT. Under a compliant and structured framework, it will continue to enhance GT’s scarcity and long-term value. Through this approach, the platform aims to drive the crypto industry toward a more regulated, secure, and efficient future, delivering a richer suite of blockchain services for global users and building a thriving Web3 ecosystem together.

About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 31 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.

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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. 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.