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

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

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.