Starting October 1, Polygon will increase POL staking rewards to about 7.7% annualized for two months by distributing over 27 million POL from accumulated network fees, more than doubling the usual 3% baseline. This boost comes from a governance-approved proposal (PIP-92) that reallocates existing fees without minting new tokens, ensuring no inflation. The higher rewards end December 1, but a follow-up proposal (PIP-93) aims to automate fee sharing for consistent staking rewards tied to network usage. This temporary increase offers POL holders a competitive yield compared to typical DeFi lending rates, encouraging more staking activity.
Polygon's POL token trades at Rp2.092 on Pluang, down 4.39% in the last day as of Sep 29, 2026 02:53 WIB. The market cap stands at Rp22.27 trillion with a 24-hour volume of Rp4.14 trillion. Despite the recent price drop, sell orders dominate at 82%, while typical holders keep POL for about 75 days.
ENA token posted the largest 24-hour gain among altcoins, rising 22.85%. Several other tokens also saw significant increases: PUMP, SEI, and JTO each gained about 16.8%, SPK and SUI rose around 15%, and JUP and LDO increased roughly 13%. Additional t...
Polygon permanently burned 100 million POL tokens, about 1% of its total supply, on September 23. This burn removed tokens accumulated from network fees, aiming to reduce supply and potentially increase token scarcity. Since the burn, POL's price has...
Polygon Foundation CEO Sandeep Nailwal announced that 100 million POL tokens have been permanently burned, reducing the total supply by about 1%. This burn represents one out of every 100 POL tokens in circulation, potentially impacting token scarcit...
Polygon Foundation permanently burned 100 million POL tokens, about 1% of its total supply, completing a planned token reduction. The burn contract was made accessible for community members to trigger, reflecting a community-driven approach. CEO Sand...
