According to the official announcement, the on-chain burn of GateToken (GT) for the 3rd quarter of 2025 has been successfully completed. A total of 2,100,414.287861 GT has been transferred to the burn address, with its value exceeding $35.32 million.
View transaction details on-chain: https://etherscan.io/tx/0x8d47384c2af471180bcacd630cba9d9a42fdfcc7c8b30836478a5f91deb77e29
GT is the core platform token of Gate and the native asset of Gate Chain. As the utility token and gas fee token on GateChain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the GateChain mainnet launch in 2019, GT has implemented a sustained deflationary mechanism. The total token supply has been significantly reduced from its initial 300 million, with an overall reduction of approximately 60.88%. Even amid multiple market cycles, the platform has consistently executed a prudent and transparent burn strategy, demonstrating its long-term commitment to GT’s deflationary model and providing a solid foundation for sustained value appreciation.
Key Highlights from This Burn:
With the official launch of the high-performance Layer 2 network Gate Layer, along with 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, the core role of GT within the Gate ecosystem continues to strengthen. As the exclusive gas token for Gate Layer, GT’s on-chain utility and demand are expanding in tandem with the growth of the overall ecosystem.
Looking ahead, Gate will continue to enhance the underlying capabilities of GateChain, focusing on strengthening core functions such as decentralized accounts to further improve network performance and security. At the same time, the platform will accelerate the development of diverse Web3 applications across wallets, trading, asset management, NFTs, and memes, driving deeper ecosystem integration and advancing the All in Web3 strategic framework.
Gate remains committed to its GT burning plan, steadily progressing toward a deflationary model in full compliance with regulations to increase GT’s scarcity and long-term value. Through continuous innovation and an ever-evolving ecosystem, Gate is building a safer, more efficient, and open blockchain infrastructure, delivering a richer Web3 experience to users worldwide and jointly shaping a prosperous crypto future.
About Gate
Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 41 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions.
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Disclaimer:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Note that Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.