According to the official announcement, the on-chain destruction of GateToken (GT) for Q4 2025 has been officially completed. A total of 2,163,900.48229 GT tokens were transferred to the burn address, with a destruction value exceeding $26.92 million. To date, GT has cumulatively destroyed 184,819,426 tokens, with a cumulative destruction value exceeding $1.901 billion (calculated at the current price).
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce
GT (GateToken) is the core platform token of Gate and the native asset of GateChain. As the Utility Token and Gas Fee payment token on GateChain, GT supports the underlying transfer system of GateChain. Since the launch of the GateChain mainnet in 2019, GT has consistently implemented a continuous destruction mechanism, reducing the total token supply by approximately 61.61% from the initial 300 million tokens.
As Gate Layer and its Web3 ecosystem products enter a phase of stable operation and scaled development, GT's foundational role within the entire Gate ecosystem is continuously being solidified. Centered around core applications such as Gate Perp DEX, Gate Fun, Meme Go, and Gate Swap, Gate has progressively built a comprehensive Web3 application system covering trading, issuance, liquidity, and on-chain interactions, with on-chain activity and genuine usage demand continuously being released. As the sole Gas token of Gate Layer, GT is deeply integrated into key aspects such as network operation, transaction execution, and application interaction. Its on-chain consumption and usage scenarios continue to grow alongside ecosystem expansion.
Gate remains steadfast in executing the GT destruction plan, steadily advancing the deflationary process in compliance with laws and regulations. Through a long-term, stable, and sustainable destruction mechanism, Gate continuously strengthens GT's scarcity attributes and value foundation, creating a tighter positive feedback loop between the token economic model and genuine on-chain usage demand and ecosystem growth.
Simultaneously, Gate persists in advancing its All in Web3 strategy, continuously deepening underlying infrastructure construction, expanding decentralized trading and diverse on-chain application scenarios to provide users with a safer, more efficient, and richer Web3 experience. Through the synergistic advancement of the deflationary mechanism and ecosystem construction, Gate, as a long-term builder, is promoting the evolution of Web3 infrastructure towards a more mature and sustainable development path.
About Gate
Founded in 2013 by Dr. Han, its founder and CEO, Gate is one of the world's leading cryptocurrency trading platforms. The platform serves over 47 million users and supports trading for over 4,200 crypto assets. As an industry benchmark, Gate was the first to achieve 100% Proof of Reserves, and its ecosystem encompasses diverse services including Gate Wallet and Gate Ventures.
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This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decision. Please note that Gate may restrict or prohibit all or part of its services from restricted regions. Please read the User Agreement for more information at: https://www.gate.com/zh/user-agreement.
