Top DeFi Projects by Weekly ETH Burning According to Phoenix Group

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Uniswap Leads the DeFi Projects by ETH Burning
  2. Similar Achievements by Other DeFi Projects
  3. ParaSwap Bottoms the List


    4. A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top DeFi projects based on weekly ETH burning. This list includes projects such as Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap.

    Uniswap Leads the DeFi Projects by ETH Burning

    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, valued at nearly $79.6K.

    Similar Achievements by Other DeFi Projects

    0x Protocol stands in the 4th place with 279 ETH burned, corresponding to a value of nearly $74.0K. Moreover, Metamask occupies the 5th spot with 27.1 ETH burned, equaling up to $71.9K. Following Metamask is Gnosis, which has recorded a token burn comprising 12.4 ETH, accounting for $32.9K.

    ParaSwap Bottoms the List

    Pendle takes the 7th position with 11.4 ETH burned, valued at 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 worth $15.4K. ParaSwap gets the last place on the list with 2.9 ETH burned, accounting for $7.7K.

    The list of DeFi projects by weekly ETH burning demonstrates the impact of various projects on the Ethereum economy. The data provided by Phoenix Group offers insights into the activity and popularity of DeFi platforms.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Finalizes Rule for Stablecoin Issuers Under GENIUS Act

The OCC has finalized a rule for stablecoin issuers under the GENIUS Act, establishing standards for reserve backing, redemption obligations, and risk management, effective January 18, 2027.

user avatarTomas Novak

CoinDCX Acknowledges $159.9 Million Loss Linked to Retired Wallets

Indian cryptocurrency exchange CoinDCX has acknowledged a significant financial loss of $159.9 million linked to its retired wallet infrastructure due to a failed automated transfer process.

user avatarKaterina Papadopoulou

Shield Launches Confidential Onchain Trading Pair for ZEC

Shield has launched the first confidential onchain trading pair for ZEC, enhancing privacy for traders.

user avatarMaya Lundqvist

C2FO and Ripple Introduce Instant Pay Initiative to Enhance Supplier Payments

C2FO and Ripple have launched the Instant Pay initiative to enhance supplier payments using the XRP Ledger and RLUSD.

user avatarLeo van der Veen

Moody's Ratings Assigns A2 and P1 Ratings to Ripple's RLUSD Stablecoin

Moody's Ratings has assigned an A2 long-term deposit rating and a P1 short-term deposit rating to Ripple's dollar-backed stablecoin RLUSD, issued by Standard Custody Trust Company.

user avatarLi Weicheng

Arthur Hayes Takes Profits and Reduces Market Exposure

Arthur Hayes, cofounder of BitMEX, has closed his directional trading book and taken profits on several tokens due to uncertainty in macroeconomic and geopolitical conditions.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.