GT (GateToken) rose 0.95% in the last 24 hours.

Gate News Bot news, July 9th, according to CoinMarketCap data, as of the time of writing, GT (GateToken) is currently priced at $15.70, with a rise of 0.95% in the past 24 hours, reaching a high of $16.15 and a low of $15.04, with a trading volume of $4.26 million in the last 24 hours. The current market capitalization is approximately $1.93 billion, an increase of $18.1 million compared to yesterday.

GateChain is an advanced blockchain network built for infinite possibilities. It provides fast, secure, and reliable infrastructure that supports the smooth transfer of decentralized applications and digital assets. GateChain is an EVM-compatible Layer-1 blockchain that enables developers to deploy and run applications quickly at almost no cost. The average transaction cost is below $0.002, significantly lowering the entry barrier for users and promoting widespread adoption of blockchain. GateChain's real-time block confirmations significantly enhance transaction efficiency, eliminate uncertainty, and prevent rollbacks. Its high scalability ensures stability during periods of high volume, supporting long-term growth and large-scale adoption.

GT recent important news:

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

2️⃣ New project launch drives GT demand Gate has recently announced several new projects launching exclusively on its platform, including Stella Armada(SARM), Tagger(TAG), Palio(PAL), and Echo(ECHO). The launch events for these projects have set up exclusive airdrops for GT holders, such as airdrops of 2 million SARM and 52.91 million TAG, incentivizing users to increase their GT holdings to participate in the airdrop events.

3️⃣ GT investment yield increase Gate Youbi Bao introduces an additional reward activity for GT token flexible wealth management, increasing the FRAG token rewards on top of the existing returns, which will raise the overall 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 shown a rising trend recently, with a 24-hour rise of 3.01%, currently priced at 15.498 USDT. On the fundamental side, Gate continues to launch innovative businesses and incentive measures, such as the dual event in the xStocks area, with a total prize pool of 140,000 USDT, which is expected to further enhance platform activity and the demand for GT tokens.

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