# DeflationaryModel

GateToken ($GT) has officially completed its Q1 2026 on-chain burn, and the numbers are staggering. A total of 2,557,729 GT valued at over $20.68 million was permanently sent to the dead address. From an engineering perspective, this mechanical scarcity is the ultimate bullish signal. Since 2019, Gate has destroyed over 187 million tokens, effectively reducing the initial 300 million supply by a massive 62.46%. As the gas token for Gate Layer and the backbone of the Perp DEX, GT is transitioning from a platform token into a high-utility asset with a shrinking supply. This positive feedback loo