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 has been transferred to the destruction address, with a destruction value exceeding 26.92 million USD. Currently, a total of 184,819,426 GT has been destroyed, with a cumulative destruction value exceeding 1.901 billion USD (calculated at current prices).
On-chain transaction details can be found at: https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce
GT (GateToken) is the core platform token of Gate and the native asset of GateChain. 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 destruction mechanism, reducing the total token supply from the initial 300 million by approximately 61.61%.
As Gate Layer and its Web3 ecological products enter a stable operation and scaling development phase, GT's foundational position within the entire Gate ecosystem is continuously being solidified. Surrounding core applications such as Gate Perp DEX, Gate Fun, Meme Go, and Gate Swap, Gate has gradually built a complete Web3 application system covering trading, issuance, liquidity, and on-chain interaction, with on-chain activity and real usage demand continuously being released. As the only gas token of Gate Layer, GT has deeply integrated into key aspects such as network operation, transaction execution, and application interaction, with its on-chain consumption and usage scenarios continuing to grow alongside ecological expansion.
Gate remains committed to executing the GT destruction plan, steadily advancing the deflationary process under legal and compliant conditions. Through a long-term, stable, and sustainable destruction mechanism, Gate continuously strengthens GT's scarcity attributes and value foundation, creating a closer positive cycle between the token economic model and real on-chain usage demand and ecological growth.
At the same time, Gate insists on advancing the All in Web3 strategy, continuously deepening the construction of underlying infrastructure, and expanding decentralized trading and diverse on-chain application scenarios to provide users with a safer, more efficient, and richer Web3 experience. Through the coordinated advancement of the deflationary mechanism and ecological construction, Gate is promoting the Web3 infrastructure towards a more mature and sustainable development path as a long-term builder.
About Gate
Founded in 2013, Gate is one of the world's leading cryptocurrency trading platforms, with Dr. Han as the founder and CEO. The platform serves over 47 million users and supports trading of over 4,200 cryptocurrency assets. As an industry benchmark, Gate was the first to achieve 100% reserve proof, with an ecosystem that includes diverse services such as Gate Wallet and Gate Ventures.
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Disclaimer:
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