• bitcoinBitcoin (BTC) $ 121,909.00
  • ethereumEthereum (ETH) $ 3,066.40
  • xrpXRP (XRP) $ 3.00
  • tetherTether (USDT) $ 0.999995
  • bnbBNB (BNB) $ 705.41
  • solanaSolana (SOL) $ 167.45
  • usd-coinUSDC (USDC) $ 0.999827
  • dogecoinDogecoin (DOGE) $ 0.207055
  • tronTRON (TRX) $ 0.302206
  • staked-etherLido Staked Ether (STETH) $ 3,063.86
  • cardanoCardano (ADA) $ 0.753455
  • hyperliquidHyperliquid (HYPE) $ 48.70
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 121,676.00
  • stellarStellar (XLM) $ 0.461738
  • suiSui (SUI) $ 3.94
  • wrapped-stethWrapped stETH (WSTETH) $ 3,693.62
  • chainlinkChainlink (LINK) $ 16.26
  • hedera-hashgraphHedera (HBAR) $ 0.243223
  • bitcoin-cashBitcoin Cash (BCH) $ 515.91
  • avalanche-2Avalanche (AVAX) $ 21.81
  • leo-tokenLEO Token (LEO) $ 9.02
  • wrapped-eethWrapped eETH (WEETH) $ 3,284.19
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • wethWETH (WETH) $ 3,065.29
  • the-open-networkToncoin (TON) $ 3.03
  • litecoinLitecoin (LTC) $ 97.72
  • usdsUSDS (USDS) $ 0.999798
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 46.27
  • moneroMonero (XMR) $ 351.35
  • polkadotPolkadot (DOT) $ 4.13
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 121,843.00
  • uniswapUniswap (UNI) $ 9.41
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • pepePepe (PEPE) $ 0.000013
  • bitget-tokenBitget Token (BGB) $ 4.49
  • aaveAave (AAVE) $ 327.82
  • bittensorBittensor (TAO) $ 418.98
  • daiDai (DAI) $ 0.999721
  • pi-networkPi Network (PI) $ 0.468002
  • crypto-com-chainCronos (CRO) $ 0.112040
  • aptosAptos (APT) $ 5.17
  • nearNEAR Protocol (NEAR) $ 2.66
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.950107
  • internet-computerInternet Computer (ICP) $ 5.61
  • okbOKB (OKB) $ 49.35
  • jito-staked-solJito Staked SOL (JITOSOL) $ 203.76
  • ethereum-classicEthereum Classic (ETC) $ 19.06
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.711322
  • algorandAlgorand (ALGO) $ 0.276198
  • kaspaKaspa (KAS) $ 0.088799
  • ethenaEthena (ENA) $ 0.357087
  • usd1-wlfiUSD1 (USD1) $ 0.999913
  • susdssUSDS (SUSDS) $ 1.06
  • cosmosCosmos Hub (ATOM) $ 4.75
  • vechainVeChain (VET) $ 0.025231
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239722
  • arbitrumArbitrum (ARB) $ 0.424750
  • bonkBonk (BONK) $ 0.000027
  • render-tokenRender (RENDER) $ 3.90
  • official-trumpOfficial Trump (TRUMP) $ 9.79
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.746914
  • fasttokenFasttoken (FTN) $ 4.50
  • gatechain-tokenGate (GT) $ 16.02
  • sei-networkSei (SEI) $ 0.342927
  • worldcoin-wldWorldcoin (WLD) $ 1.08
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,070.75
  • filecoinFilecoin (FIL) $ 2.66
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.028306
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 121,513.00
  • quant-networkQuant (QNT) $ 117.76
  • skySky (SKY) $ 0.079661
  • binance-staked-solBinance Staked SOL (BNSOL) $ 177.77
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.81
  • jupiter-exchange-solanaJupiter (JUP) $ 0.517297
  • spx6900SPX6900 (SPX) $ 1.65
  • kucoin-sharesKuCoin (KCS) $ 11.50
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,213.89
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999456
  • usdtbUSDtb (USDTB) $ 0.999546
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,494.75
  • celestiaCelestia (TIA) $ 1.97
  • fartcoinFartcoin (FARTCOIN) $ 1.37
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.32
  • story-2Story (IP) $ 4.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.080382
  • blockstackStacks (STX) $ 0.826885
  • injective-protocolInjective (INJ) $ 12.80
  • flare-networksFlare (FLR) $ 0.017437
  • optimismOptimism (OP) $ 0.684249
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.80
  • sonic-3Sonic (S) $ 0.362754
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,280.37
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,220.82
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 121,702.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 1.05
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,234.00
  • immutable-xImmutable (IMX) $ 0.546507
  • the-graphThe Graph (GRT) $ 0.103185
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 121,760.00
  • flokiFLOKI (FLOKI) $ 0.000099
  • curve-dao-tokenCurve DAO (CRV) $ 0.685761
  • pax-goldPAX Gold (PAXG) $ 3,367.06
  • kaiaKaia (KAIA) $ 0.159527
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • wbnbWrapped BNB (WBNB) $ 705.67
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,309.18
  • memecoreMemeCore (M) $ 0.558651
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.54
  • clbtcclBTC (CLBTC) $ 118,497.00
  • vaultaVaulta (A) $ 0.564394
  • paypal-usdPayPal USD (PYUSD) $ 0.998960
  • iotaIOTA (IOTA) $ 0.223843
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 187.97
  • jasmycoinJasmyCoin (JASMY) $ 0.017539
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.48
  • msolMarinade Staked SOL (MSOL) $ 219.01
  • tether-goldTether Gold (XAUT) $ 3,366.39
  • theta-tokenTheta Network (THETA) $ 0.825030
  • galaGALA (GALA) $ 0.017796
  • lido-daoLido DAO (LDO) $ 0.885085
  • the-sandboxThe Sandbox (SAND) $ 0.320647
  • raydiumRaydium (RAY) $ 2.89
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.19
  • mog-coinMog Coin (MOG) $ 0.000002
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.74
  • aerodrome-financeAerodrome Finance (AERO) $ 0.852830
  • zcashZcash (ZEC) $ 44.22
  • pyth-networkPyth Network (PYTH) $ 0.123277
  • ousgOUSG (OUSG) $ 111.77
  • tezosTezos (XTZ) $ 0.659431
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • super-oethSuper OETH (SUPEROETH) $ 3,067.24
  • pendlePendle (PENDLE) $ 4.16
  • jito-governance-tokenJito (JTO) $ 1.97
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997962
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,279.86
  • saros-financeSaros (SAROS) $ 0.252689
  • wrapped-hypeWrapped HYPE (WHYPE) $ 48.75
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,196.49
  • tbtctBTC (TBTC) $ 121,635.00
  • flowFlow (FLOW) $ 0.397563
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,064.83
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • decentralandDecentraland (MANA) $ 0.326261
  • morphoMorpho (MORPHO) $ 1.91
  • chain-2Onyxcoin (XCN) $ 0.017724
  • falcon-financeFalcon USD (USDF) $ 0.999284
  • newton-projectAB (AB) $ 0.008755
  • walrus-2Walrus (WAL) $ 0.427276
  • based-brettBrett (BRETT) $ 0.058779
  • usual-usdUsual USD (USD0) $ 0.997483
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 119,933.00
  • heliumHelium (HNT) $ 3.12
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 121,832.00
  • coredaoorgCore (CORE) $ 0.568100
  • thorchainTHORChain (RUNE) $ 1.59
  • apecoinApeCoin (APE) $ 0.674518
  • staked-hypeStaked HYPE (STHYPE) $ 48.67
  • conflux-tokenConflux (CFX) $ 0.104656
  • syrupMaple Finance (SYRUP) $ 0.494796
  • bitcoin-svBitcoin SV (BSV) $ 26.79
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.207019
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,065.59
  • usddUSDD (USDD) $ 0.999925
  • starknetStarknet (STRK) $ 0.144077
  • ripple-usdRipple USD (RLUSD) $ 0.999861
  • telcoinTelcoin (TEL) $ 0.005583
  • true-usdTrueUSD (TUSD) $ 0.999208
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008280
  • kavaKava (KAVA) $ 0.444234
  • compound-governance-tokenCompound (COMP) $ 51.20
  • stader-ethxStader ETHx (ETHX) $ 3,260.52
  • build-onBUILDon (B) $ 0.475522
  • deepDeepBook (DEEP) $ 0.189384
  • venomVenom (VENOM) $ 0.226913
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  • neoNEO (NEO) $ 6.55
  • aioz-networkAIOZ Network (AIOZ) $ 0.388004
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  • beldexBeldex (BDX) $ 0.063877
  • elrond-erd-2MultiversX (EGLD) $ 16.01
  • ether-fiEther.fi (ETHFI) $ 1.20
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999807
  • 1inch1inch (1INCH) $ 0.319469
  • apenftAPENFT (NFT) $ 0.00000045
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,383.10
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  • ecasheCash (XEC) $ 0.000022
  • dexeDeXe (DEXE) $ 7.58
  • axie-infinityAxie Infinity (AXS) $ 2.57
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 121,883.00
  • zksyncZKsync (ZK) $ 0.057571
  • hashnote-usycCircle USYC (USYC) $ 1.09

Uniswap Leads DeFi Projects with 1,262.1 $ETH Burn in the Last Week

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Uniswap Leads DeFi Projects with 1,262.1 $ETH Burn in the Last Week

In the past week, several DeFi projects have made significant contributions to burning Ethereum, with Uniswap ($UNI) leading the charge. As reported by Phoenix, a cryptocurrency media outlet, Uniswap has so far burnt 1,262.1 ETH. It has labeled it the largest burner compared to other decentralized finance platforms.

TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Aave $AAVE #Paraswap #Pendle #Tokenlon $LON pic.twitter.com/VBgTNnIQpm

— PHOENIX – Crypto News & Analytics (@pnxgrp) November 10, 2024

Ethereum Burn Leaders: Metamask, 1Inch, and Gnosis

Next was Metamask which recorded a high burn of 185 ETH after the Uniswap burn. Metamask is one of the most popular crypto wallets and a gateway to the decentralized web, so the roles are irreplaceable. Since it has been incorporated into several DeFi platforms, it plays an essential role in the deflationary characteristics that define Ethereum.

1Inch, another DeFi giant, has also removed 180.4 $ETH from circulation over the past week. 1INCH is famous for pooling together liquidity in multiple DEXs; its high transaction volume contributes to Ethereum burns. On the other hand, 0xProtocol ($ZRX) also staked 137.9 ETH to continue its service in Ethereum’s DeFi sphere.

Additionally, the Gnosis project spent 122.2 $ETH in its continued role as a steward of decentralized governance and prediction markets. KyberSwap, a DEX with decentralized liquidity provisioning, was the second-largest burner of $ETH, with 42.1 $ETH, and Aave, a lending protocol, burned 36.9 ETH.

Paraswap, Pendle, and Tokenlon Contribute to DeFi’s Burn Mechanism

Other platforms that contributed to Ethereum’s deflation included Paraswap, Pendle, and Tokenlon which burned 35.9 $ETH, 22.1 $ETH, and 14.1 $ETH respectively. These smaller amounts are also still relevant to the larger DeFi picture, demonstrating the interplay of different projects in contributing to Ethereum’s supply over the long term.

Altogether, these projects are jointly contributing to the process of a decline in Ethereum’s circulating supply. With more DeFi platforms implementing the burning mechanism, Ethereum deflationary pressures are expected to persist, which enhances the asset value and scarcity over time.

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