Top DeFi Projects in Terms of Weekly ETH Burning

A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top DeFi projects based on weekly ETH burning. The list containing the ETH-burning DeFi projects includes Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap. The analytics provider provided the details of these projects in its latest X post.

Uniswap Leads the DeFi Projects Based on Weekly 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 2^nd 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 3^rd spot with almost 30.0K ETH tokens burned.

These tokens have a value of nearly $79.6K. After that, 0x Protocol stands in the 4^th place. It saw weekly $279 ETH coins burned. This denotes a value of almost $74.0K. Moreover, Metamask occupies the 5^th spot with 27.1 ETH burned, equaling up to $71.9K. It precedes Gnosis which has recorded a token burn comprising $12.4 ETH. This figure accounts for $32.9K.

ParaSwap Bottoms the List with 2.9 ETH Burned

The list places Pendle in the 7^th position with 11.4 ETH burned. These tokens’ value is approximately $30.2K. Kyber Network secures the 8^th spot with 8.1 ETH burned, equaling $21.5K. Aave’s 7-day token burn includes 5.8 ETH with a $15.4K worth. ParaSwap gets the last place on the list with 2.9 ETH burned, accounting for $7.7K.