Wu says that, according to Onchain Lens monitoring, Gate recently completed its third platform token burn of the year. In this burn, 2.57 million GT were destroyed (approximately $17.43 million). As of now, Gate has cumulatively burned 7.29 million GT this year, with a total value of approximately $58.56 million.

GT-0.44%
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ShengTianWeb3
· 1h ago
Ecosystem development still relies on the platform’s strong support, and the tokens that are burned are also meant to maintain a future ecosystem with more people participating in this even more valuable endeavor.
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GateUser-870b5e71
· 10h ago
$58.56 million directly turned into air, the chips in the hands of holders have appreciated in disguise, although the coin price hasn't moved much.
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TvlAt3A.m.
· 11h ago
This is the third time. I suggest Gate do a live burn next time — the community loves this kind of ceremonial feel.
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ToBeHonest,You'llLose
· 12h ago
17.43 million USD burned, Gate is actually putting real money into action this time, much better than those who just shout slogans.
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GateUser-f4ae43e9
· 12h ago
7.29 million total burned, at this pace should we plan a burn over 100 million event next year?
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Mint-FlavoredGasFee
· 12h ago
Platform tokens are all about the burn expectation; GT's data is quite competitive among second-tier exchanges.
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GateUser-f4b3df7a
· 12h ago
GT burn intensity is impressive—third time this year, deflationary narrative fully loaded.
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