The Top Ethereum-Burning DeFi Projects Showing Strong Activity Over the Past Month
In a recent analysis published by Phoenix Group, a platform specializing in cryptocurrency deltomics, researchers presented a detailed overview of the top Ethereum-consuming decentralized finance (DeFi) projects launched in the last 30 days and those finishing on May 4, 2025. The platforms in question, which burn USD tokens (ETH in this case) and operate with a leveraged protocol forStars on DeFi, have been gaining significant traction within the blockchain ecosystem. This study aims to summarize the identifying features of these projects, their latest trends, and their overall impact on the DeFi space. The information is based on data provided by ultrasound.money, a prominent cryptocurrency deltomics site.
Ethereum (ETH) dominated the race for the top burning platforms, with Uniswap leading the charges. Uniswap, thanks to its openloop tech, allocated approximately $152,000 in ETH to burn ETH on the network, indicating a substantial transaction volume. Additionally, Metamask, the latest挖矿砖石在线DeFi platform among others, burned 75.1 ETH with a corresponding burn value of $137,400. These records reveal the high level of activity among their-aligned platforms. Gnosis, another prominent DeFi platform, followed closely, with a burn volume of 74.1 ETH at a value of $135,500.
The five top projects accounted for about 83% of the overall ETH burned by the end of May, demonstrating their dominance in the market. Aave and 1inch, two of the most actively operated DeFi platforms, continued to lead, with Aave burning 66.6 ETH and 52.6 ETH, respectively, replenishing their lending and borrowing protocols with approximately $96,200 and $121,800 inETH burned. 1inch, as an ——-
Uniswap, Metamask,unazy, aave,仅供, lytryx, genius, and other platforms demonstrated a steady flow of ETH burn, highlighting their enduring influence in the network. As the 30-day window approaches, the cumulative network impact reflects the collective investment in Ethereum by these platforms. Over 30 days, Ethereum propaneredit has totaled over 5,022 ETH, earning the السنوات elsewhere. This reflects the growing importance of these projects in the DeFi ecosystem.
The report notes that many of the projects listed burn ETH on the network through gas fees, while the volume of transactions processed by these crates affects the burn rate. This means that the platforms prioritize user interactions and activity over just burning energy, with ETH being absorbed as it is used internally by the network. The numbers indicate that Entemi is already committed to the network, while others are merely contributing to the flow of blockchain data.
For overall trends, aave and 1inch have shown steady traction, with their user base and interaction rates remaining high. GeniX, for instance, has been releasing significant amounts of ETH, though its engagement resembles that of traditional exchanges despite being a DeFi platform. Theyx market is rapidly expanding, with many providers gaining traction as ETH prices rise.
The report also reveals that some platforms, such as aave and 1inch, have taken on a more significant role in the ecosystem, with their growth and engagement becoming increasingly prominent. As more platforms comply with EIP-1559, the network can either choose to keep the value of ETH stationary or enable withdrawal through ETH. This aligns with the idea of a deflationary mechanism, where the liquidity supply of ETH reduces over time, driving down its value.
The actual reasoning behind DeFi projects being significant is rooted in their role as deflationary engines. By burning and eventually returning ETH to the network through gas fees, platforms maintain circulation and contribute to the deflating process. This interaction ensures that platform communities remain robust, with other users returning to the network as usual. The network spends on gas, so certain platforms take on the role of "netifiers," where they either keep the gas price tag on ETH or process it for future return. This model not only attracts new users but enhances the health of central exchanges in the network.
