The 1inch Network provided a token burn update to its community via Twitter on Monday. According to the team, it burned $1.4 million worth of Ether (969.26 ETH) last week, up by 203.73% from the previous week. In total, 1inch Network said it had burned over $134.4 million worth of Ether coins (45,599 ETH).
The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is up by 4% in the last 24 hours and is currently trading at $0.500 per token.