GateToken (GT) has accumulated a total of 192 million tokens burned, and GT has increased by 63.63% over the past 90 days

According to the official announcement, the on-chain destruction of GateToken (GT) for the third quarter of 2026 has been completed, with a total of 1,987,321.2431520 GT destroyed, valued at over 22.35 million USD. As of now, the total cumulative destruction of GT has reached 191,934,541 tokens, with a total cumulative destruction value exceeding 1.504 billion USD (calculated at the quarterly average price), reducing the total token supply by approximately 63.98% from the initial 300 million tokens.

As the quarterly destruction continues to be executed, the long-term deflationary mechanism of GT is further advanced, and market supply continues to shrink. Recently, the market performance of GT has strengthened, with a cumulative increase of 32.49% over the past 30 days and a cumulative increase of 63.63% over the past 90 days.

At the same time, the Gate ecosystem continues to expand, with over 61 million global users, supporting more than 5,300 types of crypto assets and over 12,800 stocks and ETFs, while continuously promoting the infrastructure construction of Gate Chain, Gate Layer, and others.

As the native asset of Gate Chain, GT can be used for basic functions such as Gas Fee payment and on-chain transfers. With the continuous launch of on-chain products like Gate Perp DEX, Gate Fun, and Gate Meme Go, its actual application scenarios are further extended. Against the backdrop of ongoing destruction mechanisms and expanding ecological applications, the supply structure and actual usage foundation of GT further form synergy, providing a more solid support for its long-term development.