• bitcoinBitcoin (BTC) $ 106,046.00
  • ethereumEthereum (ETH) $ 2,566.59
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.38
  • bnbBNB (BNB) $ 650.90
  • solanaSolana (SOL) $ 169.74
  • usd-coinUSDC (USDC) $ 0.999847
  • dogecoinDogecoin (DOGE) $ 0.226651
  • cardanoCardano (ADA) $ 0.743079
  • tronTRON (TRX) $ 0.269161
  • staked-etherLido Staked Ether (STETH) $ 2,562.74
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 105,743.00
  • suiSui (SUI) $ 3.89
  • wrapped-stethWrapped stETH (WSTETH) $ 3,073.66
  • chainlinkChainlink (LINK) $ 16.14
  • avalanche-2Avalanche (AVAX) $ 22.48
  • stellarStellar (XLM) $ 0.286465
  • hyperliquidHyperliquid (HYPE) $ 26.64
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • hedera-hashgraphHedera (HBAR) $ 0.196211
  • leo-tokenLEO Token (LEO) $ 8.70
  • bitcoin-cashBitcoin Cash (BCH) $ 395.32
  • the-open-networkToncoin (TON) $ 3.05
  • litecoinLitecoin (LTC) $ 97.73
  • polkadotPolkadot (DOT) $ 4.65
  • usdsUSDS (USDS) $ 0.999790
  • wethWETH (WETH) $ 2,560.94
  • moneroMonero (XMR) $ 347.68
  • bitget-tokenBitget Token (BGB) $ 5.20
  • wrapped-eethWrapped eETH (WEETH) $ 2,724.35
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • pepePepe (PEPE) $ 0.000013
  • pi-networkPi Network (PI) $ 0.739311
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 106,091.00
  • whitebitWhiteBIT Coin (WBT) $ 30.17
  • aaveAave (AAVE) $ 267.05
  • bittensorBittensor (TAO) $ 415.43
  • daiDai (DAI) $ 0.999980
  • uniswapUniswap (UNI) $ 6.00
  • nearNEAR Protocol (NEAR) $ 2.84
  • aptosAptos (APT) $ 5.22
  • okbOKB (OKB) $ 52.50
  • jito-staked-solJito Staked SOL (JITOSOL) $ 204.70
  • ondo-financeOndo (ONDO) $ 0.949782
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.097177
  • kaspaKaspa (KAS) $ 0.109797
  • tokenize-xchangeTokenize Xchange (TKX) $ 35.49
  • ethereum-classicEthereum Classic (ETC) $ 18.68
  • internet-computerInternet Computer (ICP) $ 5.30
  • gatechain-tokenGate (GT) $ 21.64
  • official-trumpOfficial Trump (TRUMP) $ 12.90
  • mantleMantle (MNT) $ 0.736616
  • vechainVeChain (VET) $ 0.028471
  • render-tokenRender (RENDER) $ 4.69
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • susdssUSDS (SUSDS) $ 1.05
  • ethenaEthena (ENA) $ 0.383280
  • cosmosCosmos Hub (ATOM) $ 4.83
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 105,384.00
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.234861
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.745907
  • algorandAlgorand (ALGO) $ 0.225095
  • arbitrumArbitrum (ARB) $ 0.397970
  • filecoinFilecoin (FIL) $ 2.88
  • fasttokenFasttoken (FTN) $ 4.40
  • celestiaCelestia (TIA) $ 2.67
  • worldcoin-wldWorldcoin (WLD) $ 1.14
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.57
  • sonic-3Sonic (prev. FTM) (S) $ 0.503642
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,569.56
  • bonkBonk (BONK) $ 0.000020
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996263
  • kucoin-sharesKuCoin (KCS) $ 11.78
  • jupiter-exchange-solanaJupiter (JUP) $ 0.501356
  • binance-staked-solBinance Staked SOL (BNSOL) $ 178.86
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,675.42
  • story-2Story (IP) $ 4.75
  • blockstackStacks (STX) $ 0.867714
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.98
  • nexoNEXO (NEXO) $ 1.27
  • flare-networksFlare (FLR) $ 0.019188
  • makerMaker (MKR) $ 1,786.61
  • fartcoinFartcoin (FARTCOIN) $ 1.22
  • immutable-xImmutable (IMX) $ 0.659150
  • optimismOptimism (OP) $ 0.727377
  • sei-networkSei (SEI) $ 0.226033
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,905.95
  • injective-protocolInjective (INJ) $ 12.16
  • eosEOS (EOS) $ 0.776632
  • usdt0USDT0 (USDT0) $ 0.998698
  • xdce-crowd-saleXDC Network (XDC) $ 0.072215
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 105,814.00
  • the-graphThe Graph (GRT) $ 0.111307
  • curve-dao-tokenCurve DAO (CRV) $ 0.731671
  • dogwifcoindogwifhat (WIF) $ 0.984249
  • flokiFLOKI (FLOKI) $ 0.000099
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,737.09
  • raydiumRaydium (RAY) $ 3.21
  • msolMarinade Staked SOL (MSOL) $ 219.92
  • theta-tokenTheta Network (THETA) $ 0.906797
  • wbnbWrapped BNB (WBNB) $ 651.35
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999474
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 188.84
  • jasmycoinJasmyCoin (JASMY) $ 0.018103
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 105,769.00
  • galaGALA (GALA) $ 0.019136
  • clbtcclBTC (CLBTC) $ 106,442.00
  • lido-daoLido DAO (LDO) $ 0.905117
  • walrus-2Walrus (WAL) $ 0.644908
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012798
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,685.67
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 104,364.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • tether-goldTether Gold (XAUT) $ 3,216.32
  • coredaoorgCore (CORE) $ 0.780352
  • iotaIOTA (IOTA) $ 0.225347
  • pax-goldPAX Gold (PAXG) $ 3,229.66
  • the-sandboxThe Sandbox (SAND) $ 0.312469
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.59
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,677.77
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.29
  • heliumHelium (HNT) $ 3.99
  • bittorrentBitTorrent (BTT) $ 0.00000073
  • dexeDeXe (DEXE) $ 12.62
  • pendlePendle (PENDLE) $ 4.43
  • bitcoin-svBitcoin SV (BSV) $ 35.49
  • based-brettBrett (BRETT) $ 0.069984
  • spx6900SPX6900 (SPX) $ 0.746241
  • kaiaKaia (KAIA) $ 0.117186
  • chain-2Onyxcoin (XCN) $ 0.019742
  • jito-governance-tokenJito (JTO) $ 2.00
  • tezosTezos (XTZ) $ 0.625503
  • zcashZcash (ZEC) $ 40.65
  • flowFlow (FLOW) $ 0.409691
  • usual-usdUsual USD (USD0) $ 0.997554
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.06
  • thorchainTHORChain (RUNE) $ 1.80
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998994
  • decentralandDecentraland (MANA) $ 0.324269
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • ousgOUSG (OUSG) $ 111.11
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.226969
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,565.15
  • grassGrass (GRASS) $ 2.04
  • super-oethSuper OETH (SUPEROETH) $ 2,568.17
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999886
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 106,064.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,738.56
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,627.15
  • apecoinApeCoin (APE) $ 0.655993
  • elrond-erd-2MultiversX (EGLD) $ 18.44
  • aerodrome-financeAerodrome Finance (AERO) $ 0.638940
  • aioz-networkAIOZ Network (AIOZ) $ 0.441239
  • dydx-chaindYdX (DYDX) $ 0.658816
  • pyth-networkPyth Network (PYTH) $ 0.137635
  • tbtctBTC (TBTC) $ 105,409.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008679
  • true-usdTrueUSD (TUSD) $ 0.997924
  • axie-infinityAxie Infinity (AXS) $ 3.04
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,561.67
  • arweaveArweave (AR) $ 7.42
  • starknetStarknet (STRK) $ 0.153299
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999886
  • morphoMorpho (MORPHO) $ 1.72
  • movementMovement (MOVE) $ 0.183444
  • deepDeepBook (DEEP) $ 0.187535
  • telcoinTelcoin (TEL) $ 0.005040
  • neoNEO (NEO) $ 6.59
  • kavaKava (KAVA) $ 0.427445
  • roninRonin (RON) $ 0.708917
  • beldexBeldex (BDX) $ 0.064716
  • aethirAethir (ATH) $ 0.050455
  • pumpbtcpumpBTC (PUMPBTC) $ 102,500.00
  • kaitoKAITO (KAITO) $ 1.88
  • ecasheCash (XEC) $ 0.000023
  • conflux-tokenConflux (CFX) $ 0.089622
  • ketKet (KET) $ 0.448312
  • wormholeWormhole (W) $ 0.095691
  • popcatPopcat (POPCAT) $ 0.442366
  • apenftAPENFT (NFT) $ 0.00000043
  • ether-fiEther.fi (ETHFI) $ 1.33
  • chilizChiliz (CHZ) $ 0.044225
  • mog-coinMog Coin (MOG) $ 0.000001
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,561.13
  • eigenlayerEigenlayer (EIGEN) $ 1.40
  • beam-2Beam (BEAM) $ 0.007960
  • saros-financeSaros (SAROS) $ 0.156741
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 0.997423
  • aave-usdc-sonicAave USDC (Sonic) (ASONUSDC) $ 1.00
  • plumePlume (PLUME) $ 0.172925
  • amp-tokenAmp (AMP) $ 0.004699
  • compound-governance-tokenCompound (COMP) $ 43.62
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • turboTurbo (TURBO) $ 0.005638
  • syrupMaple Finance (SYRUP) $ 0.357938

Top Ethereum-Burning DeFi Projects of the Past Month

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Top Ethereum-Burning DeFi Projects of the Past Month

Phoenix Group recently published an analysis concerning the top Ethereum-burning decentralized finance (DeFi) projects in the last 30 days that ended on May 4, 2025. The report is based on data provided by ultrasound.money, it presents a broad view of DeFi Ethereum-consuming applications that burn $ETH and are associated with USD values.

TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Uniswap $UNI #Metamask #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #KyberSwap $DYDX #Synthetix $PSP pic.twitter.com/UW4zC4ntDd

— PHOENIX – Crypto News & Analytics (@pnxgrp) May 4, 2025

The top projects by burning rate on Ethereum

Ethereum ($ETH) was the leading burner for the period, with Uniswap burning 83.1 ETH, or roughly $152,000. Metamask was on their heels, burning 75.1 $ETH, roughly $137,400. Third came Gnosis, with 74.1 $ETH burned and a value of $135,500. These figures show the high transaction volumes and numerous user interactions found on these platforms.

Aave and 1inch rounded out the top five with 66.6 ETH and 52.6 ETH burned. Engagement with Aave’s lending and borrowing protocols through its burn was approximately $96,200. Also, 1inch fueled a $121,800 burn value while it continues to behave as one of the major decentralized exchange aggregators.

Cumulative Network Impact and Other Contributors

Over 30 days, the collective burn of Ethereum from the listed DeFi projects totaled 5,022 $ETH worth an estimated $9.19 million. This highlights DeFi protocols’ substantial place in Ethereum’s deflationary mechanism based on the EIP-1559 upgrade.

Pendle (23.2 $ETH, $30,000), Kyber Network (17.7 $ETH, $42,000), and dYdX (16.4 $ETH, $42,000) have also burned between $30,000 and $42,000 worth of ETH. Next, Synthetix and ParaSwap recorded a pair of burns of 10.7 $ETH and 9.6 $ETH, respectively.

These figures represent active DeFi user activity across various platforms. All protocols burn $ETH on the network through Ethereum for gas fees, and the volumes of the transactions they process affect the rate of burning $ETH on the network.

The data shows that Ethereum continues to move towards a deflationary model through its burn mechanism. Gas fees become a consumption item in network transactions, and some of the amount is permanently removed from the total supply of circulating $ETH.

Source

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