# TokenBurn

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

1. The $GT Scarcity Play 📉🔥
​Focus: Platform Utility & Deflation
​"Did you catch the latest $GT burn? Gate.io just permanently removed over 2.5 million GT (approx. $20.6M) from circulation! 🚀
​With over 62% of the original supply now gone, the deflationary pressure is hitting hard just as the market turns bullish. As the Gate Layer (L2) grows and AI trading agents begin using GT for gas, we aren’t just looking at an exchange token anymore—we’re looking at a core Web3 infrastructure asset.
​Are you holding your GT for the VIP tiers, or are you staking it for the next Startup launch? 👇
​#Gat