GateToken (GT) 2026 Q2 On-Chain Burn Completed, Total Burn Value Exceeds $1.311 Billion

Odaily Planet Daily News: According to the official announcement, GateToken (GT) has officially completed its on-chain burn for Q2 2026. A total of 2,570,063.3829548 GT tokens were transferred to the burn address, with a burn value exceeding $17.75 million. Since the launch of the Gate Chain mainnet in 2019, GT has implemented a continuous burn mechanism. To date, a cumulative total of 189,947,219 GT tokens have been burned, with a total burn value exceeding $1.311 billion (based on quarterly average prices). The total token supply has been significantly reduced by approximately 63.32% from the initial 300 million tokens. As the sole Gas token for Gate Layer, GT's usage frequency continues to increase. As a foundational infrastructure, Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. Additionally, Gate is continuously enriching its product ecosystem. Gate Stocks has established a 24/7 trading service system covering three core markets: U.S. stocks, Hong Kong stocks, and South Korean stocks. It offers access to over 12,500 stocks and ETF assets globally, supports fractional share trading starting from as little as 0.01 shares, and provides stock dividend rights. The platform also supports cross-broker stock transfers for U.S. and Hong Kong stocks, as well as corporate actions like stock splits and consolidations, further optimizing the stock investment service experience. Gate will continue to execute a long-term, stable GT burn mechanism, fostering a closer positive cycle between the token economic model, real-world usage demand, and ecosystem expansion.