Gate has completed the on-chain burn of 1,987,321.2431520 GateToken (GT) for the third quarter of 2026. The value of the burned tokens exceeds $22.35 million.
The total volume of GT burned since the mechanism began has reached 191,934,541 tokens, with a cumulative value exceeding $1.504 billion. The initial supply of 300 million tokens has been reduced by approximately 63.98%.
Gate currently serves over 61 million users globally and supports more than 5,300 crypto assets alongside 12,800 stocks and ETFs. The platform continues to develop its ecosystem, including Gate Chain, Gate Perp DEX, and various AI-integrated products.
Market data indicates that the price of GT has increased by 32.49% over the past 30 days and 63.63% over the past 90 days. The company intends to maintain its deflationary strategy to optimize the token supply structure.
