The 1inch Network provided an update to its community via Twitter on Monday. According to the team, it burned $1.1 million worth of Ether last week, bringing its total of burned ETH tokens to $103M (28.5K in ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, which includes Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is up by less than 1% in the last 24 hours and is currently trading at $1.787 per token.