GateToken (GT) burned 1.54 million tokens in Q1 2025, continuing its deflationary strategy GateToken ($GT), the utility and fuel token of GateChain, has reduced its initial supply of 300 million by approximately 59.54% through a continuous token burning mechanism since the mainnet launch in 2019. In the first quarter of 2025, GT burned 1,542,910.75 tokens, valued at approximately $33.8452 million, with a cumulative burn of 178.6 million tokens, totaling approximately $3.92 billion. This mechanism aims to support the long-term value of the token by controlling supply. Burn data: - This round of burn: 1,542,910.75 GT (approximately $33.8452 million) - Cumulative burn: 178.6 million GT (approximately $3.92 billion) - Supply reduction: 59.54% Market data (CoinMarketCap, May 14, 2025): - GateToken ($GT): Total market cap of $2.06 billion (ranked #45) - Bitget Token ($BGB): Total market cap of $5.58 billion (ranked #26) - $OKB: Total market cap of $2.96 billion (ranked #37, some data based on other sources) - Binance Coin ($BNB): Total market cap of $95.03 billion (ranked #4) Future plans: GateChain plans to optimize infrastructure, such as data availability (DA), to enhance network efficiency and security, and expand the Web3 ecosystem, covering areas like wallets, trading, asset management, NFTs, etc., to improve user experience and token utility. Analysis: GT's burning mechanism is quite prominent among exchange tokens, with a relatively fast supply reduction rate, showing an emphasis on value management. Compared to BGB and OKB, GT has a lower market cap, but its deflationary strategy provides stable value support. BNB occupies a leading position with its mature ecosystem, indicating the significant impact of ecosystem scale on market cap. GateChain's future development needs to focus on the execution of technological upgrades and ecosystem expansion. Not investment advice, DYOR.