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GateToken Burns 1.99M GT in Q3 2026, Total Burn Hits 191.9M

GateToken (GT) completed its Q3 2026 on-chain burn, transferring 1,987,321.2431520 GT to the burn address, worth over $22.35 million. Cumulative burns now total 191,934,541 GT, valued at more than $1.504 billion based on quarterly average prices. GT is Gate’s core platform token and the native asset of Gate Chain, used as a utility token and for gas fee payments.

Original source

AI take

The recurring scale of these burns matters less as a headline than as a disclosure practice: publishing per-quarter figures and a cumulative total gives a rare running record of supply reduction for a platform token. It affects GT holders and Gate Chain users, since the same asset underpins utility and gas. The open question is whether the burn cadence stays steady or tracks platform activity, and whether the cumulative figure is independently verifiable on-chain rather than self-reported.

Generated by AI for reference only.

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