Key Highlights Polygon permanently burned 100 million $POL tokens—approximately 1% of total supply—worth roughly $10.22 million on September 23. $POL has surged nearly 12% since the burn, trading near $0.113, but faces immediate resistance at the $0.115 level. The burn introduces a community-governed, fee-funded mechanism linking future token removal directly to Polygon network activity. Polygon ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a permanent burn of 100 million $POL tokens, with the contract already deployed to testnet and pending Polygon Security Council signatures for mainnet launch. The one-time burn draws from a fee collector holding roughly 121 million $POL, and the community will be able to continue quarterly burns ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a plan to permanently burn 100 million $POL tokens, representing approximately 1% of the circulating supply, pending Security Council approval. The burn mechanism is fueled by protocol revenue that reached $24.5 million year-to-date, with DeFiLlama data confirming annual revenue crossing $25 million—a two-year high. $POL price surged ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a permissionless contract to burn 100 million POL tokens—approximately 83% of the base-fee collector’s current 121 million token balance—with the first burn executing immediately upon mainnet deployment. The one-time burn represents roughly 0.93% of the current 10.716 billion POL total supply and less than 1% of the ...