#GTBurnsNearly2MTokensInQ3 GT Burns Nearly 2M Tokens in Q3 GateToken (GT) completed another major on-chain token burn in Q3 2026, removing 1,987,321.243152 GT from circulation. The latest burn was valued at more than $22.35 million, according to Gate’s official announcement. With this latest reduction, Gate’s cumulative GT burn has reached 191,934,541 tokens, representing more than $1.504 billion in value based on quarterly average prices. Since Gate Chain’s mainnet launched in 2019, the total $GT ‌ supply has declined by approximately 63.98% from its original 300 million tokens. GT serves as Gate’s core platform token and the native asset of Gate Chain, supporting utility functions and network gas fees. The continuing burn mechanism is designed to reduce supply and increase token scarcity over the long term. Gate said it plans to maintain the burn program while expanding GT’s utility across its broader Web3 ecosystem. The combination of ongoing supply reductions and ecosystem development could strengthen the token’s long-term fundamentals, although burns alone do not guarantee price appreciation. $BTC ‌

Blockchain industry news: South Africa’s second-largest bank, FNB, announced that it will launch Bitcoin trading services for 9 million customers.

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