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Just saw Gate Team's Q2 2026 GT burn announcement!
This time they directly burned 2,570,063.3829548 GT, worth over $17.75 million!
Since the Gate Chain mainnet launched in 2019, the continuous GT burn mechanism has never stopped, with a cumulative total of 189,947,219 GT burned, worth over $1.31B, and a reduction rate of about 63.32%. Verifiable on Etherscan, authentic and reliable.
Gate is genuinely reducing circulation with real money, effectively lowering sell pressure and increasing scarcity. No matter how the market fluctuates, this tangible deflationary mechanism is the core support for GT's long-term value—far better than projects that rely solely on narratives.
They will continue to advance burns in the future while improving trading infrastructure and the application ecosystem. With deflation plus product as dual drivers, I believe GT's scarcity and long-term potential will become increasingly evident.