DeFi Projects Influence ETH Supply and Market Trends
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 21 2024Impact of DeFi on ETH Supply: Recent developments in the DeFi sector have led to significant reductions in ETH supply, with projects like Uniswap and 1inch leading in token burning activities, collectively burning over 12,233 ETH worth approximately 32.9 million dollars last week.
Key Players in ETH Burning: Major contributors to ETH burns include Uniswap (1,841.9 ETH), 1inch (207.7 ETH), and MetaMask (200.6 ETH), highlighting the growing influence of DeFi projects on Ethereum's market trends and potential price stability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
