Polygon plans to permanently burn 100 million POL tokens following its network generating $24.5 million in revenue in 2026. The burn, about 1% of total POL supply, will be triggered by the community once final Security Council approval is granted. This new mechanism ties token supply reduction directly to network activity, as fees collected from transactions accumulate in a collector contract. Polygon's CEO highlighted the network's strong performance and deflationary token conditions, with the burn expected to continue quarterly, potentially boosting POL's market value amid a broader crypto rally.
Following Polygon's announcement of a significant token burn linked to its network revenue, POL shows a positive trend on Pluang. As of Sep 19, 2026 18:21 WIB, POL trades at Rp1.844 with a 1-day gain of 4.30%. The market cap stands at Rp19,91 trillion, with a 24-hour trading volume of Rp3,16 trillion, while the platform sees 62% of orders as sell and 38% as buy, reflecting active engagement among investors.
Polygon plans to launch a permissionless contract allowing anyone to burn 100 million POL tokens from its 121 million token fee collector, significantly reducing token supply by about 1%. This move aims to make token burning decentralized and deepen ...
A Cumberland-linked wallet withdrew 14.6 million Polygon (POL) tokens worth $1.41 million from major exchanges, reducing supply on order books. Despite this, Polygon faces intense selling pressure from institutions and individuals, with increased tok...
