GateToken Burns 2 Million Tokens in Q3 2026 Strengthening Deflationary Mechanism
GateToken (GT) has completed its Q3 2026 token burn, removing 1,987,321.2431520 GT from circulation, valued at over $22.35 million. This brings the total burned to date to 191,934,541 GT, with a cumulative value exceeding $1.504 billion based on quarterly average prices.
GT serves as the core platform token for Gate and the native asset of Gate Chain, acting as the utility and gas fee token for the network. Since the Gate Chain mainnet launched in 2019, GT has maintained a deflationary mechanism, reducing the total supply from 300 million by approximately 63.98%. This burn further strengthens GT's long-term value foundation.
Gate's ecosystem continues to expand, now serving over 61 million users globally and supporting more than 5,300 crypto assets alongside 12,800+ stocks and ETFs. The platform is extending into Web3 applications, including Gate Perp DEX, Gate Fun, and Gate Meme Go, alongside AI-driven products like Gate.AI and Gate for AI Agent.
GT's market performance has been robust, gaining 32.49% over the past 30 days and 63.63% over the past 90 days. The ongoing token burn mechanism and ecosystem expansion are enhancing GT's utility and market attention, positioning it for continued long-term growth.