The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $693,150 worth of Ether (367.36 ETH) last week, down by 20.8% from the previous week. In total, 1inch Network said it had burned over $145.53 million worth of Ether coins (51,532.53 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by 10% in the last 24 hours and is currently trading at $0.323 per token.