CandleFocus Uniswap and MetaMask Lead $174M Ethereum ($ETH) Burn in November 2024
2024-12-02
Author: Content Editor
The latest data from Phoenix Group highlights the leading decentralized finance (DeFi) projects contributing to Ethereum's token burn over the past 30 days. Uniswap was the top Ethereum burner, recording a burn of 6,591.3 ETH worth $24.3 million. MetaMask ranked second with 1,177 ETH burned, equivalent to $4.1 million. Other notable contributors include 1inch, 0x Protocol, Gnosis, and ParaSwap. Overall, the cumulative Ethereum burn across the top DeFi projects amounted to 47,240 ETH, valued at approximately $174 million. This indicates growing adoption and usage within the DeFi sector.
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