GT (GateToken) has pumped 0.72% in the last 24 hours.

Gate News Bot message, July 11, according to CoinMarketCap data, as of the time of writing, GT (GateToken) is currently priced at $16.21, with a rise of 0.72% in the last 24 hours, reaching a high of $16.68 and a low of $15.04. The current market capitalization is approximately $1.993 billion, an increase of $14.3 million compared to yesterday. GT is currently ranked 46th in the global Crypto Assets market capitalization.

GateChain is an advanced blockchain network built for infinite possibilities. It provides fast, secure, and reliable infrastructure that supports the seamless transfer of decentralized applications and digital assets. As an EVM-compatible Layer-1 blockchain, GateChain enables developers to deploy and run applications quickly at near-zero cost. Its average transaction cost is less than $0.002, significantly lowering the entry barrier for users and promoting widespread adoption of blockchain. GateChain's real-time block confirmation significantly enhances transaction efficiency, eliminates uncertainty, and prevents rollbacks. Its high scalability ensures stability during periods of high transaction volume, supporting long-term growth and mass adoption.

Important news about GT recently:

1️⃣ Continue to promote large-scale deflation plan Gate exchange completed a new round of GT on-chain burns in Q2 2025, with a total burn amount of 1,922,789.196841 GT, valued at approximately 39.01 million USD. Since 2019, Gate has cumulatively burned over 180 million GT, with a total burn amount accounting for 60.18% of the initial issuance. The cumulative burn value has reached 2.748 billion USD. This ongoing deflationary strategy effectively reduces the circulating supply of GT, enhancing its scarcity.

2️⃣ New project launches drive GT demand Gate has recently announced multiple new projects launching on its platform, including Boom(BOOM), Tanssi(TANSSI), RCADE Network(RCADE), and Palio(PAL). The launch events for these projects have exclusive airdrops for GT holders, such as a BOOM airdrop of 1.25 million coins, and a TANSSI airdrop of 333,333 coins, encouraging users to increase their holdings of GT to participate in the airdrop activities.

3️⃣ GT Investment Yield Increase Gate Yu Bi Bao has launched an additional reward program for GT token savings, increasing the FRAG token rewards on top of the existing earnings, which will raise the annualized yield to 15%. This move is expected to attract more investors to hold GT, thereby reducing the market circulation.

From a technical perspective, the GT price has recently shown a rising trend, with a 24-hour rise of 0.72%, currently priced at 16.21 USD. On the fundamental side, Gate continues to launch innovative business and incentive measures, such as the xStocks special zone activities and VIP trading rebate optimization, which are expected to further enhance platform activity and GT token demand.

This message is not intended as investment advice; investors should be aware of market volatility risks.

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