The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $209,500 worth of Ether (209.5 ETH) last week. In total, 1inch Network said it had burned over $122.7 million worth of Ether coins (37,600 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by more than 5% in the last 24 hours and is currently trading at $0.731 per token.