Top $ETH Burner Projects in DeFi Sector This Week

Over this week, a massive surge has taken place in $ETH burned via DeFi projects. As per the data provided by Phoenix Group, Metamask, Aave, and 1inch have seen the maximum $ETH burned among the DeFi projects during the recent 7 days. The crypto analytics platform shared the list of these $ETH burner projects on social media.

Metamask Leads $ETH Burner Projects with Weekly 89.2 $ETH Burned

In line with Phoenix Group’s data, Metamask has experienced a stunning amount of up to 89.2 $ETH burned during last seven days. This figure denotes $234.8K in total. In addition to this, Aave has obtained the 2^nd position on the list with nearly 74.6 $ETH burned on its platform. This amount equals up to $196.3K. It is followed by 1inch on which almost 64.1 $ETH were burned during this week. The figure represents a value of $168.7K.

After that, Uniswap recorded 59.4 $ETH coins burned during the previous seven days. In line with the current market price, this figure accounts for $156.3K. 0x Protocol is the next DeFi project which secured the 5^th rank based on 20.7 $ETH that were burned over the week. The respective amount is equivalent to $54.5K. Following this, Pendle has gained the 6^th spot on the list, witnessing 16.4 $ETH burned this week. This $ETH figure has a value of approximately $43.2K.

Tokenlon Bottoms List with 10.6 $ETH Burned

The top 7^th $ETH burner project in Phoenix Group’s list is Kyber Network. Over the week, it reportedly saw burning of almost 15.9 $ETH ($41.8K). ParaSwap comes after this with a per-week burning of up to 13.7 $ETH, denoting $36.1K. Additionally, Ondo recorded a weekly burning of 12.0 $ETH ($31.6K). Subsequently, with cumulative 10.6 $ETH ($27.9K) burned this week, Tokenlon comes last on the list.