Polygon recently burned 100 million of its POL tokens through protocol fees, which represents about 1% of the total token supply. Additionally, another 22 million POL tokens, roughly 0.2% of the supply, are in the next stage of the burn process and awaiting further action. This token burn helps reduce circulating supply, potentially impacting token value and scarcity. The Polygon Foundation, led by CEO Sandeep Nailwal, is overseeing these efforts as part of their protocol management.
Polygon's POL token is currently priced at Rp1.860 on Pluang, showing a 2.65% increase in the last day. As of Oct 12, 2026 14:42 WIB, the market cap stands at Rp19.69 trillion with a 24-hour trading volume of Rp1.81 trillion, indicating active investor interest alongside the recent token burn news.
