The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $187,000 worth of Ether (160 ETH) last week. In total, 1inch Network said it had burned over $127.3 million worth of Ether coins (40,800 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is up by 2% in the last 24 hours and is currently trading at $0.522 per token.