#GT30日涨超40% GT Up 40%+ in 30 Days: The “Value Re-Rating” of Platform Tokens Has Begun

GT is currently around $11.20, up more than 40% over 30 days—the rally is driven by three forces working together:
①Burn mechanism (190 million tokens burned cumulatively, accounting for 62% of total supply; quarterly profit-based buybacks and burns remain unwavering);
②Ecosystem expansion (use cases such as Gate Layer, Perp DEX, and Gate Fun are turning GT from a “trading fee discount coupon” into “ecosystem fuel”);
③At TOKEN2049 Singapore on October 7, the Gate founder will deliver a keynote speech titled “One Gate, Everything Money,” previewing “one of the biggest upgrades in history.”
Assessment: The logic behind a “structural re-rating” is real—platform tokens are being revalued from “trading fee discounts” to “ecosystem value capture mechanisms”; however, the October 7 upgrade will most likely be a “buy-the-rumor, sell-the-news” event.

Three pillars supporting the “structural re-rating”

The burn mechanism is genuinely robust: GT is bought back and burned each quarter at market prices using exchange profits—2.55 million tokens ($20.68 million) were burned in 2026 Q1 and 2.57 million ($17.75 million) in Q2. Nearly 190 million tokens have been burned cumulatively, reducing the initial 300 million token supply by 62%. Moreover, there is a **dual-track model of “profit buybacks + use-case consumption”**—GT is also required for Gas on GateChain and is used in DeFi/NFTs, meaning it is both burned and used.

Zero-Gas transactions = a shift in demand-side logic: If “zero-Gas transactions” are implemented (using GT to waive transaction fees/on-chain Gas fees), GT will shift from “a card you buy to reduce fee rates” to a “network pass”—expanding its use cases and shifting demand from “holding it and waiting for it to rise” to “needing to have it in order to use it.” This is the core of the re-rating.

​Capital is voting with its feet: Gate saw $118 million in net inflows over the past 7 days, ranking third globally; GT’s 24H trading volume rose 27%; and its market cap surpassed $1.2 billion—the platform’s capital is flowing in, GT trading is heating up, and there is hard evidence of value being transmitted from the “platform” to the “platform token.”

But the October 7 upgrade is both a “catalyst” and a “realization point.” Of the 40%+ gain over 30 days, how much is “upgrade expectations” being priced in ahead of time?
After the speech is delivered on October 7: An upgrade that exceeds expectations → another surge; an upgrade that meets or falls short of expectations → a “buy-the-rumor, sell-the-news” pullback!
GT’s “structural re-rating” is real—the combination of burns + zero Gas + ecosystem expansion + upgrade expectations is shifting the valuation logic of platform tokens from “trading fee discounts” to “ecosystem value capture.” But a re-rating will not move in a straight line: the October 7 upgrade rollout is the first “litmus test.”$GT