According to @EmberCN, Gate executed a Q4 2025 on-chain burn of 2,163,900 GT worth about $22.28M, which is visible on Etherscan at https://etherscan.io/tx/0x03773d485c05dc26a541f5d74e15097d02e010dea34c5cc4f6d3a127ac0126ce. According to @EmberCN, Gate’s burns are conducted quarterly and cumulative GT destroyed since 2019 totals 184.8M from a 300M max supply. Based on @EmberCN’s figures, the outstanding GT supply is now roughly 115M with an estimated market cap of $1.186B, and this Q4 burn removed approximately 1.85% of the pre-burn outstanding supply.