According to the official announcement, the on-chain burn of GateToken (GT) for Q4 2025 has been successfully completed. A total of 2,163,900.48229 GT were transferred to the burn address, with a burn value exceeding $26.92 million. To date, 184,819,426 GT have been cumulatively burned, with the total value of tokens destroyed surpassing $1.901 billion based on current prices.
You can view the on-chain transaction details at: https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce
GT (GateToken) is Gate’s core platform token and the native asset of GateChain. As both the utility token and gas fee payment token on GateChain, GT underpins the chain’s fundamental transaction infrastructure. Since the GateChain mainnet launched in 2019, GT has operated under a continuous burn mechanism, reducing the total supply from its initial 300 million tokens by approximately 61.61%.
As Gate Layer and its Web3 ecosystem products enter a phase of stable operation and large-scale development, GT’s foundational role within the broader Gate ecosystem continues to strengthen. Centered around core applications such as Gate Perp DEX, Gate Fun, Meme Go, and Gate Swap, Gate has gradually built a comprehensive Web3 application suite that covers trading, issuance, liquidity, and on-chain interaction. This has led to sustained increases in on-chain activity and genuine user demand. As the exclusive gas token for Gate Layer, GT is deeply integrated into the network’s operation, transaction execution, and application interactions. Its on-chain consumption and utility scenarios continue to expand alongside ecosystem growth.
Gate remains committed to executing the GT burn plan, steadily advancing the deflationary process within a legal and compliant framework. Through a long-term, stable, and sustainable burn mechanism, Gate continually enhances GT’s scarcity and value foundation, forging a tighter positive cycle between the token’s economic model, real on-chain utility, and ecosystem growth.
At the same time, Gate is driving forward its All in Web3 strategy, deepening infrastructure development, expanding decentralized trading, and diversifying on-chain application scenarios to deliver a safer, more efficient, and richer Web3 experience for users. By synchronizing the deflationary mechanism with ecosystem expansion, Gate is taking a builder’s approach to guide Web3 infrastructure toward greater maturity and sustainable development.
About Gate Group
Founded in 2013, Gate Group is one of the pioneers in the cryptocurrency industry. Its flagship platform, Gate.com, has rapidly grown into one of the world’s earliest and most recognized cryptocurrency exchanges, serving over 47 million users and consistently ranking among the top three in market share.
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