Polygon will permanently burn 100 million POL tokens, with the relevant contracts already deployed to the testnet.
1 hours ago
Polygon co-founder Sandeep Nailwal announced in a post that the Polygon network is now prepared to permanently burn 100 million POL tokens. The relevant contract has been deployed on the testnet, and will launch on the mainnet once the Security Council completes its final signature. The 100 million POL will be permanently removed from circulation, with the community able to trigger quarterly POL burns moving forward. Polygon has currently accumulated 12.1 million POL in base fees. Nailwal noted that POL has been in a deflationary state since January 2026, network activity remains on the rise, and the network has scaled to 5,000 TPS.
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