PANews reported on January 8 that, according to an official announcement, the on-chain burn of GateToken (GT) in the fourth quarter of 2025 has been officially completed. A total of 2,163,900.48229 GT were transferred to the burn address, with a burn value of over $26.92 million.

Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous burning mechanism. To date, a total of 184,819,426 tokens have been burned, with a total value of over $1.9 billion (based on current prices). The total supply of tokens has been reduced by approximately 61.61% from the initial 300 million tokens.

With the launch of Gate Layer and the gradual rollout of native applications such as Gate Perp DEX, Gate Fun, and Meme Go, Gate's on-chain ecosystem continues to improve. As the only Gas token on Gate Layer, GT's usage frequency in scenarios such as trading, interaction, and governance is constantly increasing, and on-chain demand is steadily growing. Gate will continue to implement a long-term, stable GT burning mechanism, promoting the deflationary process under the premise of compliance, so that the token economic model forms a closer positive cycle with real usage needs and ecosystem expansion.