According to the official announcement, the on-chain burn of GateToken (GT) in Q4 2025 has been 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, a total of 184,819,426 GT have been burned, with a total burn value exceeding $1.901 billion (based on current prices).
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce
GT (GateToken) is the core platform token of Gate and the native asset of GateChain. As the utility token and gas fee payment token on GateChain, GT supports the underlying transfer system of GateChain. Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous burning mechanism, and the total supply of tokens has been reduced significantly from the initial 300 million to approximately 61.61%.
As Gate Layer and its Web3 ecosystem products enter a stage of stable operation and large-scale development, GT's fundamental position within the Gate ecosystem is being continuously strengthened. Around core applications such as Gate Perp DEX, Gate Fun, Meme Go, and Gate Swap, Gate has gradually built a complete Web3 application system covering trading, issuance, liquidity, and on-chain interaction, with on-chain activity and real-world usage demand continuing to grow. As the only Gas token in Gate Layer, GT has been deeply integrated into key aspects such as network operation, transaction execution, and application interaction, and its on-chain consumption and usage scenarios continue to grow along with the ecosystem expansion.
Gate has consistently and steadfastly implemented its GT burning plan, steadily advancing the deflationary process within the framework of legality and compliance. Through a long-term, stable, and sustainable burning mechanism, Gate continuously strengthens the scarcity and value foundation of GT, creating a closer positive cycle between the token economic model and real on-chain demand and ecosystem growth.
At the same time, Gate remains committed to its "All in Web3" strategy, continuously deepening its underlying infrastructure development and expanding decentralized trading and diverse on-chain application scenarios to provide users with a safer, more efficient, and richer Web3 experience. Through the synergistic advancement of deflationary mechanisms and ecosystem building, Gate is acting as a long-term builder, propelling Web3 infrastructure towards a more mature and sustainable development path.
Founded in 2013 by Dr. Han, Gate is one of the world's leading cryptocurrency trading platforms. The platform serves over 47 million users and supports trading in more than 4,200 crypto assets. As an industry benchmark, Gate was the first to achieve 100% proof of reserves, and its ecosystem encompasses diverse services such as Gate Wallet and Gate Ventures.
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