Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Top Ethereum-Burning DeFi Projects of the Past Month
By: cryptonews|2025/05/05 08:45:01
0
Share
Phoenix Group recently published an analysis concerning the top Ethereum-burning decentralized finance (DeFi) projects in the last 30 days that ended on May 4, 2025. The report is based on data provided by ultrasound.money, it presents a broad view of DeFi Ethereum-consuming applications that burn $ETH and are associated with USD values. TOP #ETHEREUM BURNER #DEFI PROJECTS IN THE LAST MONTH#Uniswap $UNI #Metamask #Gnosis $GNO #1INCH #Aave $AAVE #Pendle #KyberSwap $DYDX #Synthetix $PSP pic.twitter.com/UW4zC4ntDd The top projects by burning rate on Ethereum Ethereum ($ETH) was the leading burner for the period, with Uniswap burning 83.1 ETH, or roughly $152,000. Metamask was on their heels, burning 75.1 $ETH, roughly $137,400. Third came Gnosis, with 74.1 $ETH burned and a value of $135,500. These figures show the high transaction volumes and numerous user interactions found on these platforms. Aave and 1inch rounded out the top five with 66.6 ETH and 52.6 ETH burned. Engagement with Aave’s lending and borrowing protocols through its burn was approximately $96,200. Also, 1inch fueled a $121,800 burn value while it continues to behave as one of the major decentralized exchange aggregators. Cumulative Network Impact and Other Contributors Over 30 days, the collective burn of Ethereum from the listed DeFi projects totaled 5,022 $ETH worth an estimated $9.19 million. This highlights DeFi protocols’ substantial place in Ethereum’s deflationary mechanism based on the EIP-1559 upgrade. Pendle (23.2 $ETH, $30,000), Kyber Network (17.7 $ETH, $42,000), and dYdX (16.4 $ETH, $42,000) have also burned between $30,000 and $42,000 worth of ETH. Next, Synthetix and ParaSwap recorded a pair of burns of 10.7 $ETH and 9.6 $ETH, respectively. These figures represent active DeFi user activity across various platforms. All protocols burn $ETH on the network through Ethereum for gas fees, and the volumes of the transactions they process affect the rate of burning $ETH on the network. The data shows that Ethereum continues to move towards a deflationary model through its burn mechanism. Gas fees become a consumption item in network transactions, and some of the amount is permanently removed from the total supply of circulating $ETH.
You may also like
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector
What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance
Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware
Delphi Labs founder's two-week deep dive into China's AI ecosystem: More bullish on hardware than expected, more bearish on software than expected, and observations on Chinese founders that flipped his prior beliefs.
Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle
CEA Industries' mNAV drops to 0.68, YZi Labs personally steps in to clean up the mess
A transaction in 7 seconds, earning tens of millions of dollars, he's seen as the "cancer of meme coins."
The belief that "Day Trading Shitcoins is the Only Way to Make Money" has become their go-to strategy.
Bittensor Ecosystem Token SN Surges 5x in March, What's Behind Richard Heart's One-Liner?
What did Andrew Ng say? Did he say anything? Is Distributed AI Training Feasible?
The economy is entering a new cycle, how can the average person prepare?
The key is not how much you earn, but whether you have cash flow, low leverage, and the ability to earn consistently
Access Binance Alpha Box: Sigma.Money to Launch BNB Chain Ecosystem Yield Farming Gateway
Sigma.Money's innovation is now translating into tangible market momentum.
Kimi, Chip, and Bean come together for a Crypto Hackathon: What did AI developers build on Monad?
Monad Ecosystem AI Deployment, More Than Just a Hackathon.
How to Trade Crypto on Mobile Browser & Win LALIGA Tickets (2026 Guide)
Discover how AI automation, natural language trading, and mobile browser trading platforms are shaping automated trading in 2026. Join the WEEX live trading event for early access and rewards like LALIGA VIP tickets.
Connecting encryption, TradFi, and payments, is Gate completing the final puzzle of the "super APP"?
Why is it said that TradFi is not a short-term narrative?
a16z Crypto Operating Partner: Wall Street is undergoing its biggest infrastructure upgrade in 30 years
What is currently happening is the largest infrastructure upgrade in the capital market since the rise of electronic trading thirty years ago.
a16z Crypto's latest research: What is the key to the large-scale application of DeFi?
The widespread adoption of on-chain financial applications still faces an invisible barrier: the lack of transaction order certainty. Under a single leader architecture, nodes can delay, censor, or even front-run user transactions, thus completely distorting the game among market makers, bidders, an...
Founder of Delphi Labs: My observations and feelings about the AI ecosystem in China in two weeks
Delphi Labs co-founded a deep observation of China's AI ecosystem: hardware manufacturing is quietly winning the global war at an astonishing speed, but the software sector is mired in an overvaluation bubble and the homogenization of founders.
Musk Poached Aave App's Web3 Prodigy
Aesthetic is a gift.
The Petro Order is Cracking. What Comes Next for the Middle East?
Ground War Begins, or Deterrence Takes Hold
ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?
The market is entering a crucial phase of equilibrium.
Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry
AI agents are becoming the true native users of cryptocurrency; they do not need a beautiful interface, just a wallet and a payment track. This wave of "machine commerce" may be the most rational narrative in the crypto industry for years, or it may just be another round of hype in a new bottle.
Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy
Vision Chain aims to address the long-standing infrastructure bottlenecks in the European financial sector
What will the early Hyperliquid prediction market look like?
Unleash the Imagination Space of On-chain Finance
App