GateToken (GT) 2026 Q2 on-chain burn completed; the total cumulative burn value exceeds $1.311 billion

Odaily Planet Daily News: According to an official announcement, the on-chain burning of GateToken (GT) for the second quarter of 2026 has been officially completed. A total of 2,570,063.3829548 GT was transferred to the burn address, with a burn value of over $17.75 million.

Since the launch of the Gate Chain mainnet in 2019, GT has been implementing a continuous burning mechanism. To date, a total of 189,947,219 GT has been burned, with a cumulative burn value of over $1.311 billion (based on the quarterly average price). The token’s total supply has been reduced by approximately 63.32% from the original 300 million units.

As the only Gas token of Gate Layer, the usage frequency of GT continues to rise. As underlying infrastructure, Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. In addition, Gate is continuously enriching its product ecosystem. Gate Stocks has formed a 7×24-hour trading service system covering three core markets—U.S. stocks, Hong Kong stocks, and Korean stocks—covering more than 12,500 stocks and ETF assets worldwide. It supports fractional-share trading starting from as low as 0.01 share, and users also enjoy stock dividend entitlements. The platform also supports cross-broker fund transfers for U.S. stocks and Hong Kong stocks, and supports corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience. Gate will continue to carry out a long-term, stable GT burning mechanism, creating a tighter positive feedback loop between the token economic model, real usage demand, and ecosystem expansion.