Gate has burned nearly 60 million dollars in cumulative total this year. The exchange token deflation model is being implemented quite resolutely. Long-term holders should like this certainty.

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.