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

The on-chain burn of GateToken (GT) for the second quarter of 2026 has been officially completed. A total of 2,570,063.3829548 GT were transferred to the burn address, with a burn value exceeding $17.75 million. Since the mainnet launch of Gate Chain in 2019, GT has implemented a continuous burn mechanism. As of now, a cumulative total of 189,947,219 GT has been burned, with a total burn value exceeding $1.311 billion (based on quarterly average prices). The total token supply has been reduced by approximately 63.32% from the initial 300 million tokens.