Recently, I saw news about GT destruction again on my phone. This is the fourth time this year.

Since entering the industry nearly 8 years ago, I have seen most platform tokens. During bull markets, they talk about ecosystems; during bear markets, there’s no follow-up.

I checked the data, and GT has been reduced by over 60% since 2019. It’s not just a couple of showy burns; instead, the market conditions are burning according to the rules, regardless of good or bad times.
Just last quarter, over 2 million tokens were directly sent to the black hole on-chain. The money is real.

Unlike BNB’s approach of "building a large ecosystem and benefiting from scale," GT is more like taking the slow route of financial attributes + continuous deflation.

GT has also destroyed over $1.9 billion worth of tokens. Burning also means it can help boost the price of the remaining tokens, making the market more stable.
But in this industry, there are not many projects that can survive several cycles and continue to follow the rules.

GT’s price has risen from $4 in 2024 to $10 now, which is quite remarkable. Whether as a financial product or an investment, I think it’s worth paying some attention to.