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1inch Network Burned 1,426.64 ETH Tokens Last Week

Twitter icon  •  Published 3 years ago on May 9, 2023  •  Hassan Maishera

The 1inch Network provided a token burn update to its community via Twitter on Monday.

1inch Network Burned 1,426.64 ETH Tokens Last Week

The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $2.7 million worth of Ether (1,426.64 ETH) last week, up by 248.65% from the previous week. In total, 1inch Network said it had burned over $141.5 million worth of Ether coins (49,335.76 ETH).

The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by 3% in the last 24 hours and is currently trading at $0.408 per token.

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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