Q1 burn just wrapped up — total burned value now over $1.3B 🔥 and GT is no longer just a “burn narrative.” It’s tied directly to gas, trading, and governance.

What’s interesting is everything is converging — AI, Meme, DEX, TradFi all feeding into one ecosystem. If that trend holds, usage could scale faster than most expect 📈

Supply is already down ~62% from the original 300M 📉
This quarter alone saw $20M+ burned, but the bigger picture is burn + real usage + on-chain activity all happening together

Feels like something is building here 🚀
Read more: https://www.gate.com/announcements/article/50921

#GTBurn

A few highlights that stood out:
🔹 Top 3 globally in spot trading volume
🔹 $1B+ TVL in staking (steady, not hype-driven)
🔹 $13B+ quarterly volume on Perp DEX
🔹 TradFi perpetuals emerging as a real growth engine
🔹 Institutional futures, CrossEx, and asset management all scaling
🔹 122% reserves ratio, with BTC at 147%

But the bigger picture isn’t just the numbers — it’s the shift in direction:

👉 Moving beyond a traditional exchange
👉 Building toward an AI-driven, multi-asset financial ecosystem
👉 Already serving 52M+ users globally

Feels like Gate is quietly transitioning from “crypto exchange” to something closer to financial infrastructure for the next cycle.

Full report: https://gate.com/announcements/article/50926