The Gaza Health Ministry said that Ahmed Yaghi, 25, was killed by a sniper near the fence that separates the occupied territories from the east of Gaza City on Friday.
Health Ministry sources noted that 50 of the wounded Palestinian protesters were taken to nearby hospitals, while the rest were treated at the scene of the protests. Most of the casualties were due to the Israeli troops' use of live fire.
The Israeli military said some 8,000 people took part in the protests at five sites along the fence.
Israeli fire has taken the lives of at least 157 Palestinians since March 30.
Nearly 15,000 Palestinians have also sustained injuries, of whom at least 360 are reportedly in critical condition.
On June 13, the United Nations General Assembly adopted a resolution, sponsored by Turkey and Algeria, condemning Israel for Palestinian civilian deaths in the Gaza Strip.
Gaza has been under Israeli siege since June 2007, causing a decline in living standards as well as unprecedented unemployment and poverty.
Israel has also launched several wars on the Palestinian sliver, the last of which began in early July 2014 and ended in late August the same year. The Israeli military aggression killed nearly 2,200 Palestinians and injured over 11,100 others.
