Most Defi projects are built on the Ethereum -Blockchain. Defining these projects the way Ethereum works. As more people use these decentralized platforms, they not only help to burn ETH through circulating supply, but also help to increase the price and demand of ETH. Today, the data from Phoenix Group emphasized large Defi projects that made huge contributions to Ethereum that burn last week (from Saturday 8 March to Saturday 15 March).
Top #Theum burner #defi projects #gnosis $ gno #metamask #Aave $ aave #uniswap $ uni #1inch #pendle #0xprotocol $ zrx #paraswap #kyberswap #chainlink $ link pic.twitter.com/23st4zpbu8
– Phoenix – Crypto News & Analytics (@pnxgrp) March 16, 2025
Defi platforms with the highest ETH burns
Gnosis
Gnosis, a decentralized prediction market protocol that runs on top of the Ethereum -Blockchain, emerged as the leader. It burned the largest amount of ETH from the circulation in the past week. It burned no less than 19.4 ETH 19.4 ($ 37,100) during the week. This shows that gnosis is not only a huge platform in the cryptocurrency landscape, but also an important player in reducing ETH offering.
Metamasker
Metamask, a large Ethereum-based multi-chain crypto wallet, took the second position after it had burned a total amount of 18.5 ETH ($ 35,400) during the period. Metamask acts as a road to the Defi Ecosystem, so that people can deal with dapps and protocols for different investment activities. The number above is a large amount that indicates how many consumers use the network to communicate with Dapps. Every time a user makes a transaction on metamask, channels the platform part of that reimbursement for ETH burning, which reduces its total stock.
Aave
Aave also makes a serious contribution to Eth Burning. It settled in third position after it had reduced a total amount of 17 ETH ($ 32,500) from the circulation. Aave, a Defi platform that is carried out on top of Ethereum, enables people to borrow and borrow digital assets, earn interest for various activities without intermediaries. These figures indicate that Aave is a prominent player who facilitates Defi activities and ETH burning.
Uniiswap
It was followed by Uniswap, which burned 16.6 ETH ($ 31,700). Uniswap, a DEX platform built on Ethereum, is an important participant in the Defi world, so that people can do different peer-to-peer crypto-trading activities without the involvement of intermediaries. Burning this amount of ETH in the week indicates that many people use Uniswap to gain access to Defi products, so it helps to reduce the etherane supply.
1 inch
The following was 1 inch, which burned 12.1 ETH ($ 23,100) last week. 1 inch, a Defi platform that is performed on top of Ethereum, is a DEX aggregator that offers users the best exchange rates for transacting assets from various DEXs. The above figures indicate that 1 inch has become a larger ETH burner, propelled by an increased number of people using the platform.
Others
Other Defi projects, which gained visibility for their contribution to Ether burning during the week are Pendle, 0X Protocol, Paraswap, Kyber Network and Chainlink.
Pendle took the sixth position after it had burned 4.5 ETH ($ 8,600) during the week. 0x protocol followed by a burn of 2.8 ETH ($ 5,400). Paraswap took the eighth place with a burn of 2.6 ETH ($ 5,000). Finally, Kyber Network and Chainlink Ether Equivalent removed from 2.3 ETH ($ 4,400) and 2 ETH ($ 3,800) and from Ethereum Supply respectively during the week.
