The 1inch Network provided an update to its community via Twitter on Monday. According to the team, it burned $878,000 worth of Ether last week. In total, 1inch Network said it had burned over $112 million worth of Ether coins.
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by more than 17% in the last 24 hours and is currently trading at $1.102 per token.