GT (GateToken) rose 1.83% in the last 24 hours.

Gate News Bot news, on July 17, according to CoinMarketCap data, as of the time of writing, GT (GateToken) is currently reported at $15.86, rising 1.83% within 24 hours, with a maximum of $16.68 and a minimum drop to $15.39, and the 24-hour volume reaching $15.7 million. The current market capitalization is approximately $1.95 billion, an increase of $35 million compared to yesterday.

GateChain is an advanced blockchain network built for the future. It provides fast, secure, and reliable infrastructure to support the seamless transfer of decentralized applications and digital assets. As an EVM-compatible Layer-1 blockchain, GateChain enables developers to quickly deploy and run applications at zero cost. The average transaction cost is less than $0.002, and real-time block confirmations significantly improve transaction efficiency, eliminating uncertainty and preventing rollbacks. Its high scalability ensures stability during periods of high volume, supporting long-term growth and mass adoption.

Recent important news about GT:

1️⃣ New project launch attracts demand for GT holdings Gate will launch the Ethereum ecological project Eclipse (ES) token on July 16. As a pioneering Solana virtual machine (SVM) L2 solution, Eclipse combines Ethereum's transaction settlement, SVM's efficient execution, and Celestia's data availability assurance. Gate will initiate the HODLer Airdrop event, with a total of 60,000 ES tokens to be airdropped, which is expected to stimulate investors to increase their holdings of GT to participate in the airdrop, thereby enhancing the demand for GT.

2️⃣ GT price shows a rise trend Recently, the GT price has performed strongly, with a 24-hour rise of 3.03%, currently priced at 15.882 USDT. This upward trend reflects the market's positive expectations for GT, which may be related to recent platform activities and project launches.

3️⃣ The ongoing deflationary strategy increases the scarcity of GT Gate exchange completed a new round of on-chain GT burn in Q2 2025, with a 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 the total burn amount accounting for 60.18% of the initial issuance, and the cumulative burn value reaching 2.748 billion USD. This ongoing deflationary strategy effectively reduces the circulating supply of GT, enhances its scarcity, and may provide long-term support for the GT price.

From a technical perspective, the GT price has shown a rising trend recently, with a significant increase in the 24-hour rise. On the fundamental side, Gate continues to launch innovative businesses and incentive measures, such as new project launches and airdrop activities, which are expected to further enhance platform activity and GT token demand, providing potential upward momentum for the GT price.

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