GateToken (GT) completed its on-chain burning in Q1 2026, with a total burned value exceeding $1.3 billion.

According to the official announcement, the on-chain burn of GateToken (GT) in the first quarter of 2026 has been officially completed, with a total of 2,557,729,381,387 GT transferred to the burn address, with a burn value exceeding $20.68 million. Since the launch of the Gate Chain mainnet in 2019, GT has been implementing a continuous burn mechanism, and to date, a total of 187,377,156 GT have been burned, with a total burn value exceeding $1.382 billion (calculated at current prices). The total supply of tokens has been significantly reduced from the initial 300 million to approximately 62.46%. With the launch of Gate Layer and the gradual implementation of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, the usage frequency of GT, as the only gas token of Gate Layer, continues to increase. At the same time, Gate is promoting the coordinated development of infrastructure and applications such as Gate for AI Agent, GateClaw, Gate.AI, and GateRouter, driving a synchronous increase in on-chain transaction and interaction demand. Gate will continue to implement a long-term, stable GT burning mechanism to create a closer positive cycle between the token economic model and real-world usage needs and ecosystem expansion.