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The latest chapter of this commitment is now complete.
During the first quarter of 2026, GateToken (GT) permanently removed:
- 2,557,729 GT
from circulation, with an approximate value of:
- $20.68 million USD
at the time of the burn.
Each burned token was permanently destroyed through an on-chain verified burn address, resulting in a transparent and auditable reduction of the circulating supply.
Market Overview
Q1 2026 GT Burn
- GT Burned: 2,557,729 GT
- Burn Value: ~$20.68 million
Since GateChain Mainnet Launch (2019)
- Total GT Burned: 187,377,156 GT
- Total Burn Value: ~$1.382 billion
The cumulative burn program has permanently removed over $1.3 billion worth of GT 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
Second Burn
- 2.56 million GT
- Valued at approximately $18.83 million
Latest Burn (Q1 2026)
- 2.57 million GT
- Valued at approximately $17.43 million
Total Cumulative for 2026
- 7.29 million GT burned
- Valued at approximately $58.56 million
Each burn maintained or exceeded the previous burn size, reinforcing Gate's long-term commitment to reducing 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: