The article highlights the development of the DeFi sector and the impact it has on the Ethereum burn rate, resulting in reduced supply and price fluctuations. The report from Pheonix Group identifies Uniswap, MetaMask, and 1inch as the leading contenders in terms of ETH burning. Uniswap, the largest consumer of ETH, burned 1,841.9 ETH in the past week. 1inch burned 207.7 ETH, and MetaMask burned 200.6 ETH. Other projects mentioned include 0x Protocol, Gnosis, Pendle, Kyber Network, Aave, ParaSwap, and Tokenlon, all of which contribute to reducing ETH supply. In total, these DeFi projects burned 12,233 ETH (equivalent to $32.9 million) in the past week, indicating the growing use of DeFi and its potential impact on Ethereum's price due to the scarcity of ETH tokens.



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