The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $849,090 worth of Ether (463.89 ETH) last week, up by 56.4% from the previous week. In total, 1inch Network said it had burned over $144.84 million worth of Ether coins (51,165.17 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by 1% in the last 24 hours and is currently trading at $0.395 per token.