Hassan Maishera
The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $314,700 worth of Ether (242 ETH) last week, up by 51% from the previous week. In total, 1inch Network said it had burned over $127.6 million worth of Ether coins (41,042 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by 4% in the last 24 hours and is currently trading at $0.477 per token.
