Hassan Maishera
The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $164,600 worth of Ether (134.8 ETH) last week, down by 62.13% from the previous week. In total, 1inch Network said it had burned over $128.3 million worth of Ether coins (41,533 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is up by 1% in the last 24 hours and is currently trading at $0.402 per token.
