Polygon permanently burned 100 million POL tokens, about 1% of its original supply, through network fees, with another 22 million tokens planned for burning. Despite this supply reduction, POL's price remains near $0.10, down from around $0.12 in late September, due to ongoing token issuance that partially offsets the burn. Polygon's Open Money Stack has processed over $1 billion in annualized volume for two weeks, signaling growing payment activity, but the impact on POL demand and price remains uncertain. Further details on the economic effects of the payment infrastructure and the timing of the next burn are yet to be disclosed.
Polygon's recent burn of 100 million POL tokens represents about 1% of its original supply, yet its price remains near $0.10. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 12, 2026 14:31 WIB: out of 50 major cryptocurrencies tradable on Pluang, 40 rose and 9 fell today. Notable movers include CAKE (PancakeSwap) up 7.91% at Rp43.090 with a typical hold time of 75 days and a 55% buy order activity, XTZ (Tezos) up 7.32% at Rp5.789 with 100% buy order activity, and AVAX (Avalanche) up 6.84% at Rp196.797 with 71% buy order activity.
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