According to the official announcement, the on-chain burn of GateToken (GT) in Q4 2025 has been officially completed. A total of 2,163,900.48229 GT was transferred to the write address, for a total write value of over $26.92 million.
A total of 184,819,426 tons have been burned to date, with an estimated total cost of more than $1.9 billion (at current prices).
More information on on-chain transactions can be found at https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce.
GT is Gate’s core platform token and Gate Chain’s native asset. As a utility token and gas fee token on GateChain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the launch of GateChain mainnet in 2019, GT has implemented a persistent deflationary mechanism.
The total supply of tokens has decreased significantly from the initial 300 million, with an overall decrease of approximately 61.61%.
GT’s core role within the Gate ecosystem continues to be strengthened with the official release of the high-performance Layer 2 network Gate Layer, as well as a series of innovative decentralized applications, including the decentralized perpetual exchange Gate Perp DEX, the on-chain launch platform Gate Fun, and the cross-chain meme trading and analytics platform Meme Go.
As a Gate Layer exclusive gas token, GT’s on-chain utility and demand is expanding in parallel with the overall ecosystem growth.
Gate remains committed to its GT combustion plan and is making steady progress towards a fully compliant deflationary model to increase GT’s rarity and long-term value.
Through continuous innovation and an evolving ecosystem, Gate is building a more secure, efficient, and open blockchain infrastructure, delivering a richer Web3 experience to users around the world, and collectively shaping a prosperous future for cryptocurrencies.
Meanwhile, Gate is committed to advancing its All in Web3 strategy, continuing to deepen the underlying infrastructure construction, expand decentralized transactions and multi-chain application scenarios, and provide users with a more secure, efficient, and rich Web3 experience.
Gate promotes the maturity and sustainability of Web3 infrastructure in the long term through deflationary mechanisms and ecosystem-building synergies.
About the gate
Founded in 2013 by Dr. Han, Gate is one of the earliest crypto exchanges in the world. The platform serves over 47 million users with over 4,200 digital assets and pioneers the industry’s first 100% proof-of-reserve. Beyond core trading services, Gate’s ecosystem also includes Gate Wallet, Gate Ventures, and other innovative solutions.
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