Polygon prepares 100M POL burn worth $10.8M

Polygon has completed preparations to permanently burn 100 million POL, worth about $10.77 million, co-founder Sandeep Nailwal said on X. Nailwal said the POL burn contract is now running on testnet and will be deployed to mainnet once the final Security Council signature is completed. After that, any community member will be able to execute the burn, and 100 million POL will be permanently removed immediately. He added that after the burn, any community member will be able to carry out additional POL burns each quarter. Polygon has generated $24.5 million in cumulative revenue in 2026, while POL accumulated from network fees currently stands at 121 million POL. Nailwal also said POL turned deflationary in January this year, and transaction throughput has scaled to 5,000 transactions per second.