Gate Token (GT), also written GateToken, is an asset in Gate’s crypto ecosystem. Official Gate Chain documentation identifies GT as the native Gate Chain token for transaction fees and consensus weight; Gate Layer also lists GT as its network currency. Gate Chain is the Layer 1 settlement and data-availability base, while Gate Layer is an OP Stack-based Layer 2.
Market Data
| Metric | Value |
|---|---|
| Ticker | GT |
| Price | $9.99 |
| Market capitalization | $1.045 billion |
| 24-hour change | +0.10% |
| 24-hour trading volume | $1.777 million |
| Circulating supply | 104.686 million GT |
| Total supply | 116.937 million GT |
| Maximum supply | 142.623 million GT, as listed by CoinGecko |
CoinGecko snapshot checked 2026-10-24 03:58 UTC. Values can change continuously; supply fields are CoinGecko listing data.
Gate Chain and Gate Layer
Gate Chain is an EVM-compatible Layer 1 where GT pays fees and contributes consensus weight. Gate’s documentation describes Gate Layer as an EVM-compatible Layer 2 that posts transaction data to Gate Chain. A Gate Layer transaction can include execution, data-availability, and operator fees; the total cost is not simply one fixed GT charge.
These networks are related but distinct from Gate’s centralized exchange. Holding GT does not mean owning equity in Gate or receiving a guaranteed share of exchange revenue. Network governance, staking, exchange services, and market trading have different risks.
GT utility and tokenomics
GT’s on-chain roles include paying Gate Chain transaction fees and contributing consensus weight; Gate Layer uses GT as its network currency. Gate also reports recurring token burns. Its July 2026 announcement says 2,570,063.3829548 GT was burned in Q2 2026 and reports cumulative burns of 189,947,219 GT from an initial 300 million, or about 63.32%.
CoinGecko’s snapshot above lists 116.937 million GT total supply and 104.686 million circulating. These current fields do not exactly equal the initial 300 million less Gate’s reported cumulative burns; the sources do not explain the difference, so this page does not infer its cause or treat the figures as interchangeable. A burn does not guarantee demand or price appreciation.
History
- 2013 — Gate says its exchange platform was founded.
- 2019 — Gate Chain launched with GT as its native token.
- July 2026 — Gate reported its Q2 on-chain burn and cumulative GT burn figures.
Risks and distinctions
GT’s value can depend on Gate’s business, network use, token supply and demand, and market or regulatory conditions. Staking or consensus participation adds protocol, validator, and custody risks. Gate’s burn announcements are issuer-reported information, not a promise of future returns. Gate Chain and Gate Layer are public networks; the Gate exchange is a separate centralized service.
Related Terms
See Also
- What Is Tokenomics — And Why It Determines Whether a Crypto Project Survives
- Are Layer 2 Networks Actually Decentralized?
- How Do Crypto Bridges Work — And Why Are They Such a Hack Target?
- Swap crypto with ChangeNOW
Sources
- Gate Chain Docs — Consensus and GateToken — Identifies GT as the chain’s native token and describes its fee and consensus roles.
- Gate Chain Docs — The Gate Blockchain Ecosystem — Describes the Gate Chain L1 and Gate Layer L2 relationship.
- Gate Layer Docs — Gas and Fee Mechanism — Explains execution, data, and operator fee components.
- Gate — Q2 2026 GT On-Chain Burn Announcement — Reports the quarter’s burn and Gate’s cumulative-burn figures.
- CoinGecko — Gate (GT) — Supplies the timestamped market and supply fields above.