Gnosis

Kyber Network Crystal Legacy

Aave [old]

Uniswap

1inch Network

Pendle

ParaSwap

Metamask

<p>A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">DeFi</a> projects based on weekly ETH burning. The list containing the ETH-burning DeFi projects includes Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap. The analytics provider provided the details of these projects in its latest X post.</p><h2 id="header-0">Uniswap Leads the DeFi Projects Based on Weekly ETH Burning</h2><p>As per the data from Phoenix Group, Uniswap has dominated the DeFi sphere in terms of 7-day ETH burning. In this respect, Uniswap has reportedly burned 278.1 ETH. This figure equals a value of nearly $737.8K. Following that, 1inch has taken the 2nd position. The popular DeFi project has burned up to 31.3 ETH with a value of approximately $83.0K. Additionally, USD Coin has gained the 3rd spot with almost 30.0K ETH tokens burned.</p><p>These tokens have a value of nearly $79.6K. After that, 0x Protocol stands in the 4th place. It saw weekly $279 ETH coins burned. This denotes a value of almost $74.0K. Moreover, <a href="https://metamask.io/" rel="noopener noreferrer nofollow">Metamask</a> occupies the 5th spot with 27.1 ETH burned, equaling up to $71.9K. It precedes Gnosis which has recorded a token burn comprising $12.4 ETH. This figure accounts for $32.9K.</p><h2 id="header-1">ParaSwap Bottoms the List with 2.9 ETH Burned</h2><p>The list places Pendle in the 7th position with 11.4 ETH burned. These tokens’ value is approximately $30.2K. Kyber Network secures the 8th spot with 8.1 ETH burned, equaling $21.5K. Aave’s 7-day token burn includes 5.8 ETH with a $15.4K worth. ParaSwap gets the last place on the list with 2.9 ETH burned, accounting for $7.7K.</p>

Top DeFi Projects in Terms of Weekly ETH Burning

Table of Contents

BlockchainReporter

Other articles published on Aug 19, 2024

Best Affordable Cryptos to Invest in for 2024 – Top 5 Choices

74% Of Bitcoin Stays Put For 6 Months As Investors Bet On Long-Term Value Despite Price Drop

Crypto voters could cost Harris the US election, warns SkyBridge founder

Uniswap Foundation Reports $36.81M in Reserves and $3.22M in New Grants for Q2

aarnâ Completes Certik Security Audit

Bitcoin Miners Could Gain $13.9 Billion Annually From Shift to AI, High-Performance Computing, Va...

Join our free newsletter for daily crypto updates!