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1inch Network Burned $1.6 Million Worth Of Ether Last Week

Twitter icon  •  Published 3 years ago on April 12, 2022  •  Hassan Maishera

According to 1inch Network, it burned $1.6 million worth of Ether last week, bringing its total of burned ETH tokens to $107M (29.6K in ETH).

1inch Network Burned $1.6 Million Worth Of Ether Last Week

The 1inch Network provided an update to its community via Twitter on Monday. According to the team, it burned $1.6 million worth of Ether last week, bringing its total of burned ETH tokens to $107M (29.6K in ETH). it added that 1inch Network currently occupies the 10th place in the TOP-10 of the ETH Burn Leaderboard. 

The 1inch Network is a DEX aggregator protocol across multiple chains, including Ethereum, BSC, Polygon, Optimism, and Arbitrum. 1INCH is down by more than 7% in the last 24 hours and is currently trading at $1.493 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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