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BNB $587.80 +3.54%
XRP $1.08 +1.28%
SOL $74.62 +1.85%
TRX $0.3283 +0.61%
DOGE $0.0704 +0.49%
ADA $0.1723 +5.79%
BCH $219.19 +4.35%
LINK $8.48 +2.62%
HYPE $53.93 -1.79%
AAVE $98.71 +0.58%
SUI $0.6965 +1.74%
XLM $0.1722 -0.25%
ZEC $474.32 +2.26%

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
Collection

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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