Burn of Nearly 2 Million GT in Q3 2026 Bolsters GateToken's Long-Term Value

Gate has completed the Q3 2026 on-chain burn of GateToken (GT), according to an official announcement. The burn address received 1,987,321.2431520 GT, worth more than $22.35 million.

The transaction can be inspected on-chain at https://etherscan.io/tx/0x4d0e1a6c996f1e9720a1b87f9d12999eee65f0ee83c7f61456fc5992b03cb5e2.

The key figures for this burn:

• Amount burned this round: 1,987,321.2431520 GT
• Value of this round's burn: more than $22.35 million
• Cumulative GT burned to date: 191,934,541 GT
• Cumulative burn value: more than $1.504 billion, calculated on the quarterly average price

GT functions as Gate's core platform token and as the native asset of Gate Chain. In its role as the utility token and gas fee token on Gate Chain, GT is central to the network's core transfer infrastructure. A sustained deflationary mechanism has been in place since the Gate Chain mainnet launched in 2019. The total token supply, initially 300 million, has been cut by approximately 63.98%.

As Gate's platform expands, its ecosystem is stretching beyond digital asset trading into a broader set of Web3 applications. Gate's global user base now exceeds 61 million, and the platform lists 5,300+ crypto assets as well as 12,800+ stocks and ETFs, while infrastructure such as Gate Chain and Gate Layer continues to be strengthened. Gate Perp DEX, Gate Fun and Gate Meme Go are among the products being introduced for on-chain trading, asset issuance and application development, and AI offerings such as Gate.AI and Gate for AI Agent are bringing more intelligent applications to Web3.

The fundamentals behind GT are also getting stronger as this expansion unfolds. A larger user base, product ecosystem and on-chain application set are giving GT broader real-world utility, while the recurring burn mechanism continues to improve the token's supply structure. GT's long-term trajectory is therefore tied more closely to the Gate ecosystem's expansion and its deflationary process, with value backing now reaching beyond platform benefits into wider ecosystem development.

GT has recently shown strong market momentum. Figures show a 32.49% gain over the past 30 days and a 63.63% gain over the past 90 days, reflecting solid performance. As ecosystem growth and the burn mechanism move ahead, GT has gained market attention and a more solid foundation for long-term value.

Going forward, Gate will keep driving Web3 infrastructure and ecosystem innovation, widen GT's practical uses in on-chain trading, network interactions and other settings, and maintain its commitment to the GT burn so the token supply structure keeps improving. With ecosystem growth and deflationary measures advancing together, Gate will strengthen GT's utility base, offer users more routes into Web3, and give GT's long-term development firmer backing.

About Gate

Founded in 2013 by Dr. Han, Gate is a leading global cryptocurrency and integrated financial services platform. More than 61 million users are served by the platform, which offers trading in 5,300+ digital assets and 12,800+ stock assets, along with access to a broad set of TradFi assets including metals, stocks, indices, forex and commodities, giving users a one-stop, multi-asset trading experience and blockchain-related services. Gate was also among the first platforms to implement 100% Proof of Reserves, an industry benchmark. Gate Wallet, Gate Ventures, Gate for AI Agent and a wide range of other products and services make up its ecosystem.

Disclaimer:

Nothing in this material constitutes an offer, solicitation or recommendation. Independent professional advice should be obtained before any investment decision is made. Certain services may be restricted or prohibited by Gate in particular jurisdictions. For further details, see the User Agreement.