Top $ETH DeFi Projects Burn Over $17 Million in $ETH - Blockchain Reporter Analytics

Irma - Oct 6 - - Dev Community

Ethereum DeFi projects collectively burned 7,163 ETH, worth $17.4 million in fees last week, with Uniswap leading by burning 1,145.3 ETH ($2.8 million). The burn reflects growing demand for DeFi services, as users interact with various protocols for asset management and trading.

Other key contributors include 1inch, which burned 1,109.7 ETH, and Metamask and 0x Protocol, burning 111.3 and 88.4 ETH, respectively. KyberSwap, Aave, and Paraswap also added to the burn with lower volumes, highlighting the broad range of services within Ethereum’s DeFi ecosystem.

The sustained fee burns across platforms show consistent user engagement and underscore the resilience of decentralized applications despite market fluctuations. Ethereum's DeFi sector remains active and robust.

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