The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $436,700 worth of Ether (234.49 ETH) last week, down by 2.35% from the previous week. In total, 1inch Network said it had burned over $136.3 million worth of Ether coins (46,634 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 $0.541 per token.