GateToken (GT) Burns 1,922,789.196841 Tokens in Q2 2025, Further Enhancing GT's Scarcity and Value

According to the official announcement, the on-chain destruction of GateToken (GT) in the second quarter of 2025 has been officially completed, with a total of 1,922,789.196841 GT transferred to the destruction address, with a destruction value exceeding 39.01 million USD.

On-chain transaction details can be viewed: https://etherscan.io/tx/0xd096462709ac0d98e789ca182c610b45ed524339cd01928e4c15a5192c2ee42c

GT (GateToken) is the core platform coin of Gate and the native asset of Gate Chain. As a 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 implemented a continuous burning mechanism, with the total supply reduced by approximately 60.18% from the initial 300 million tokens. Despite experiencing multiple rounds of market fluctuations, Gate has consistently adhered to a prudent burning strategy, demonstrating a long-term commitment to the deflationary mechanism of GT, and laying a solid foundation for its value support.

Key information for this destruction:

• The number of tokens destroyed this time: 1,922,789.196841 GT
• The value of this burn: approximately 39.01 million USD
• Total cumulative burn amount: 180,555,112 GT
• Total value of cumulative destruction: approximately $2.748 billion (based on current prices)

As on-chain applications continue to expand, the role of GT within the Gate ecosystem is also evolving. Looking forward, Gate will continue to enhance the underlying capabilities of GateChain, with a focus on its core features such as data availability, to ensure network efficiency and security. At the same time, it will further expand its Web3 application scenarios to cover wallets, trading, asset management, NFTs, memes, and beyond, driving the ecosystem toward greater depth and diversification.

Gate remains firmly committed to the long-term deflationary plan for GT. Under a compliant and structured framework, it will continue to enhance GT’s scarcity and long-term value. Through this approach, the platform aims to drive the crypto industry toward a more regulated, secure, and efficient future, delivering a richer suite of blockchain services for global users and building a thriving Web3 ecosystem together.

About Gate

Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 31 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.

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