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1inch Network Burned $475k Worth Of Ether Last Week

Twitter icon  •  Published 3 years ago on May 31, 2022  •  Hassan Maishera

The 1inch Network told its community via Twitter on Monday that it burned $475,000 worth of Ether ((253,84 ETH) last week.

1inch Network Burned $475k Worth Of Ether Last Week

The 1inch Network provided an update to its community via Twitter on Monday. According to the team, it burned $475,000 worth of Ether ((253,84 ETH) last week. In total, 1inch Network said it had burned over $118 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 up by more than 2% in the last 24 hours and is currently trading at $0.978 per token.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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