• bitcoinBitcoin (BTC) $ 95,167.00
  • ethereumEthereum (ETH) $ 1,835.53
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.29
  • bnbBNB (BNB) $ 603.36
  • solanaSolana (SOL) $ 148.82
  • usd-coinUSDC (USDC) $ 0.999920
  • dogecoinDogecoin (DOGE) $ 0.179353
  • cardanoCardano (ADA) $ 0.715165
  • tronTRON (TRX) $ 0.247464
  • staked-etherLido Staked Ether (STETH) $ 1,833.91
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 94,905.00
  • suiSui (SUI) $ 3.54
  • chainlinkChainlink (LINK) $ 15.15
  • avalanche-2Avalanche (AVAX) $ 22.16
  • stellarStellar (XLM) $ 0.280323
  • leo-tokenLEO Token (LEO) $ 8.97
  • the-open-networkToncoin (TON) $ 3.26
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • hedera-hashgraphHedera (HBAR) $ 0.189337
  • wrapped-stethWrapped stETH (WSTETH) $ 2,202.78
  • usdsUSDS (USDS) $ 0.999903
  • bitcoin-cashBitcoin Cash (BCH) $ 373.81
  • litecoinLitecoin (LTC) $ 86.39
  • polkadotPolkadot (DOT) $ 4.26
  • hyperliquidHyperliquid (HYPE) $ 18.89
  • wethWETH (WETH) $ 1,825.69
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998664
  • bitget-tokenBitget Token (BGB) $ 4.43
  • moneroMonero (XMR) $ 271.82
  • ethena-usdeEthena USDe (USDE) $ 0.999774
  • whitebitWhiteBIT Coin (WBT) $ 29.29
  • wrapped-eethWrapped eETH (WEETH) $ 1,949.81
  • pi-networkPi Network (PI) $ 0.578850
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 95,126.00
  • pepePepe (PEPE) $ 0.000009
  • aptosAptos (APT) $ 5.57
  • bittensorBittensor (TAO) $ 379.63
  • uniswapUniswap (UNI) $ 5.48
  • daiDai (DAI) $ 1.00
  • nearNEAR Protocol (NEAR) $ 2.59
  • okbOKB (OKB) $ 52.01
  • ondo-financeOndo (ONDO) $ 0.973372
  • susdssUSDS (SUSDS) $ 1.05
  • official-trumpOfficial Trump (TRUMP) $ 13.68
  • gatechain-tokenGate (GT) $ 22.09
  • internet-computerInternet Computer (ICP) $ 5.08
  • ethereum-classicEthereum Classic (ETC) $ 17.37
  • aaveAave (AAVE) $ 169.88
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.092460
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.14
  • kaspaKaspa (KAS) $ 0.094953
  • mantleMantle (MNT) $ 0.734189
  • vechainVeChain (VET) $ 0.027702
  • render-tokenRender (RENDER) $ 4.52
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.240113
  • cosmosCosmos Hub (ATOM) $ 4.49
  • algorandAlgorand (ALGO) $ 0.232318
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 94,804.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.720839
  • filecoinFilecoin (FIL) $ 2.79
  • fasttokenFasttoken (FTN) $ 4.29
  • ethenaEthena (ENA) $ 0.329049
  • celestiaCelestia (TIA) $ 2.88
  • sonic-3Sonic (prev. FTM) (S) $ 0.523903
  • arbitrumArbitrum (ARB) $ 0.339668
  • bonkBonk (BONK) $ 0.000020
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.12
  • worldcoin-wldWorldcoin (WLD) $ 1.13
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • kucoin-sharesKuCoin (KCS) $ 10.73
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 94,899.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.464528
  • optimismOptimism (OP) $ 0.788021
  • makerMaker (MKR) $ 1,559.60
  • blockstackStacks (STX) $ 0.841743
  • xdce-crowd-saleXDC Network (XDC) $ 0.080003
  • binance-staked-solBinance Staked SOL (BNSOL) $ 156.03
  • nexoNEXO (NEXO) $ 1.22
  • flare-networksFlare (FLR) $ 0.018050
  • fartcoinFartcoin (FARTCOIN) $ 1.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,831.99
  • sei-networkSei (SEI) $ 0.216553
  • story-2Story (IP) $ 4.08
  • eosEOS (EOS) $ 0.689920
  • immutable-xImmutable (IMX) $ 0.576283
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,903.65
  • injective-protocolInjective (INJ) $ 9.94
  • usdt0USDT0 (USDT0) $ 1.00
  • the-graphThe Graph (GRT) $ 0.099949
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.44
  • wbnbWrapped BNB (WBNB) $ 602.98
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998915
  • curve-dao-tokenCurve DAO (CRV) $ 0.660788
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,071.69
  • raydiumRaydium (RAY) $ 2.93
  • tether-goldTether Gold (XAUT) $ 3,315.48
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 94,713.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • flokiFLOKI (FLOKI) $ 0.000083
  • jasmycoinJasmyCoin (JASMY) $ 0.016649
  • coredaoorgCore (CORE) $ 0.792045
  • iotaIOTA (IOTA) $ 0.212867
  • pax-goldPAX Gold (PAXG) $ 3,317.57
  • theta-tokenTheta Network (THETA) $ 0.784354
  • lido-daoLido DAO (LDO) $ 0.860943
  • bitcoin-svBitcoin SV (BSV) $ 38.80
  • galaGALA (GALA) $ 0.017270
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 95,268.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.011941
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 164.30
  • walrus-2Walrus (WAL) $ 0.596421
  • dexeDeXe (DEXE) $ 13.00
  • heliumHelium (HNT) $ 4.08
  • clbtcclBTC (CLBTC) $ 95,430.00
  • the-sandboxThe Sandbox (SAND) $ 0.300276
  • msolMarinade Staked SOL (MSOL) $ 191.64
  • usd1-wlfiUSD1 (USD1) $ 0.998639
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • kaiaKaia (KAIA) $ 0.118567
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,952.87
  • solayerSolayer (LAYER) $ 3.12
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.06
  • usual-usdUsual USD (USD0) $ 0.997584
  • flowFlow (FLOW) $ 0.405934
  • based-brettBrett (BRETT) $ 0.064251
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999166
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.75
  • chain-2Onyxcoin (XCN) $ 0.018577
  • movementMovement (MOVE) $ 0.247482
  • jito-governance-tokenJito (JTO) $ 1.86
  • decentralandDecentraland (MANA) $ 0.319211
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • dogwifcoindogwifhat (WIF) $ 0.591648
  • tezosTezos (XTZ) $ 0.558821
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,915.91
  • zcashZcash (ZEC) $ 36.05
  • pyth-networkPyth Network (PYTH) $ 0.157188
  • pendlePendle (PENDLE) $ 3.37
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009468
  • spx6900SPX6900 (SPX) $ 0.570763
  • deepDeepBook (DEEP) $ 0.205282
  • aerodrome-financeAerodrome Finance (AERO) $ 0.627177
  • dydx-chaindYdX (DYDX) $ 0.657069
  • mantra-daoMANTRA (OM) $ 0.526073
  • beldexBeldex (BDX) $ 0.069479
  • true-usdTrueUSD (TUSD) $ 1.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.419415
  • telcoinTelcoin (TEL) $ 0.005347
  • ubtcuBTC (UBTC) $ 96,470.00
  • thorchainTHORChain (RUNE) $ 1.38
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 95,163.00
  • elrond-erd-2MultiversX (EGLD) $ 17.19
  • kavaKava (KAVA) $ 0.445226
  • pumpbtcpumpBTC (PUMPBTC) $ 93,049.00
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,908.78
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.178909
  • arweaveArweave (AR) $ 7.02
  • grassGrass (GRASS) $ 1.62
  • ecasheCash (XEC) $ 0.000022
  • starknetStarknet (STRK) $ 0.151152
  • neoNEO (NEO) $ 6.21
  • apecoinApeCoin (APE) $ 0.543176
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,834.72
  • tbtctBTC (TBTC) $ 94,908.00
  • ousgOUSG (OUSG) $ 110.86
  • apenftAPENFT (NFT) $ 0.00000042
  • berachain-beraBerachain (BERA) $ 3.79
  • axie-infinityAxie Infinity (AXS) $ 2.57
  • matic-networkPolygon (MATIC) $ 0.240264
  • conflux-tokenConflux (CFX) $ 0.079511
  • hashnote-usycHashnote USYC (USYC) $ 1.09
  • usdbUSDB (USDB) $ 1.00
  • wormholeWormhole (W) $ 0.089223
  • chilizChiliz (CHZ) $ 0.042002
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,954.03
  • super-oethSuper OETH (SUPEROETHB) $ 1,832.79
  • justJUST (JST) $ 0.039486
  • compound-governance-tokenCompound (COMP) $ 42.05
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,837.46
  • popcatPopcat (POPCAT) $ 0.370772
  • roninRonin (RON) $ 0.565105
  • olympusOlympus (OHM) $ 21.69
  • axelarAxelar (AXL) $ 0.372859
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,820.62
  • sun-tokenSun Token (SUN) $ 0.017918
  • saros-financeSaros (SAROS) $ 0.131269
  • plumePlume (PLUME) $ 0.170891
  • amp-tokenAmp (AMP) $ 0.004064
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.818963
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • usddUSDD (USDD) $ 1.00
  • safeSafe (SAFE) $ 0.598349

$1,903M Worth of ETH Burned Over Past Month: Metamask Dominates Ethereum Burner DeFi Projects

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$1,903M Worth of ETH Burned Over Past Month: Metamask Dominates Ethereum Burner DeFi Projects

DeFi projects have become important platforms in the Ethereum ecosystem in various ways. Their continued crucial role in Ether token burning has remained visible. These decentralized platforms not only drive greater DeFi adoption but also are active avenues for the ETH fee-burning mechanism. Today, data reported by Phoenix Group highlighted the top 10 DeFi projects that contributed to significant amounts of Ether fees burning over the past month.

TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Metamask #Uniswap $UNI #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #0xProtocol $ZRX #KyberSwap $LINK #Paraswap pic.twitter.com/qhbVSAfHg2

— PHOENIX – Crypto News & Analytics (@pnxgrp) March 2, 2025

Major Ether fee burners

1. MetaMask

Metamask took the leading position in the ETH fee-burning process over the last 30 days. It is a self-custodial wallet that enables users to access and engage with a wide variety of dApps in the DeFi landscape. Through the wallet, users can carry out activities such as staking, borrowing, lending, swapping assets, and even earning yields on their tokens without the involvement of intermediaries.

Over the past month, Metamask has burned a whopping 176.5 ETH worth $396,100. This is a huge amount, not only showing that Metamask is a broadly utilized platform but also a prominent contributor to the Ether fee-burning mechanism.

2. Uniswap

The second position is Uniswap, a DeFi platform that allows users to swap and trade digital assets without relying on intermediaries. It has burned 155.9 ETH approximately $349,800 over the said period. Its popularity is reflected by its key role in the Ether fee-burning activity.

3. Gnosis

Gnosis took the third position. It burned 141 ETH, valued at $316,400. It is interesting to see that this DeFi predictions market also contributes to a great Ether fee-burning process, showcasing its popularity.

4. 1inch

Next is 1inch, a DeFi aggregator that enables people to access the best exchange rates across various chains. It burned 121.5 ETH worth $272,600 over the duration. This massive burning rate highlights the platform’s importance in the Ethereum ecosystem where users depend on 1inch to source the best exchange rates for trading and swapping assets.

5. Aave

Following 1inch, Aave settled in the fifth position. The DeFi lender has burned 103.2 ETH worth $231,600. Its platform allows people to borrow and lend assets without intermediaries’ involvement.

Other major contributors to Ether burning

Other notable projects that contributed to substantial Ether fee removal in their respective networks include Pendle, 0x Protocol, Kyber Network, Chainlink, and ParaSwap.

During the past month, Pendle burned 40.5 ETH for $90,900. 0x Protocol clinched the seventh spot, consuming 35 ETH, equivalent to $78,500. It was followed by Kyber Network, which burned 27.9 ETH valued at $62,600. Lastly, Chainlink and ParaSwap also burned 24.8 ETH ($55,700) and 24.1 ETH ($54,100) respectively.

Source

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