The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $4288,700 worth of Ether (240.14 ETH) last week, up by 12.52% from the previous week. In total, 1inch Network said it had burned over $135.8 million worth of Ether coins (46,400 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 $0.516 per token.