The latest chapter in this commitment is now complete.

During the first quarter of 2026, GateToken (GT) permanently removed:

- 2,557,729 GT

from trading, valued at approximately:

- 20.68 million USD

at the time of the burn.

Each token burned was permanently destroyed through a confirmed on-chain burn address, resulting in a transparent and auditable reduction in the circulating supply.

## Market Overview

GT Q1 2026 Burn

- GT Burned: 2,557,729 GT
- Burn Value: ~20.68 million USD

Since the GateChain mainnet launch (2019)

- Total GT Burned: 187,377,156 GT
- Total Burn Value: ~1.382 billion USD

The cumulative burn program has permanently removed more than 1.3 billion USD worth of GT value from the ecosystem.

## 2026 Burn Progress

Gate has already completed three major burn events during 2026.

### Burn History

#### First Burn

- 2.16 million GT
- Valued at approximately 22.3 million USD

#### Second Burn

- 2.56 million GT
- Valued at approximately 18.83 million USD

#### Latest Burn (Q1 2026)

- 2.57 million GT
- Valued at approximately 17.43 million USD

### 2026 Cumulative Total

- 7.29 million GT burned
- Valued at approximately 58.56 million USD

Each burn maintained or exceeded the previous burn size, strengthening Gate’s long-term commitment to reducing the GT supply.

## GT Utility Growth

The deflationary model now supports a rapidly expanding utility ecosystem.

With the launch of Gate Layer and native applications, including: