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GateToken (GT) Burns Nearly 2 Million Tokens in Q3 2026, Further Strengthening Its Long-Term Value Foundation

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Gate completed a quarterly on-chain burn of GateToken in Q3 2026, moving 1,987,321.2431520 GT to a burn address. The latest burn lifted the cumulative amount destroyed to 191,934,541 GT, and Gate Chain’s total supply is now 63.98% below its 2019 mainnet launch level.

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Key claims & sources

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Gate’s burn count reached 191,934,541 GT after the latest reduction.
Gate Burns 1.99 Million GT in Third-Quarter Supply Reduction
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Gate Chain’s total supply has fallen 63.98% since its mainnet launched in 2019.
Gate Burns 1.99 Million GT in Third-Quarter Supply Reduction
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GateToken’s Q3 2026 on-chain burn was completed, and 1,987,321.2431520 GT was sent to a burn address.
GateToken (GT) Burns Nearly 2 Million Tokens in Q3 2026, Further Strengthening…
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The Q3 burn was valued at more than $22.35 million.
GateToken (GT) Burns Nearly 2 Million Tokens in Q3 2026, Further Strengthening…

Market reaction i

GateGT it is the asset of the company or protocol in the event

Gate rose 0.7% in the 4 hours after the first headline, after falling 0.4% in the 2 hours before.

$11.08 price at the headline
-0.4% 2 h before
+0.7% 4 h after
+0.5% 12 h after
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Coverage timeline

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Oct 5 09:28