Bullish
Polygon achieves net deflation with over 107 million POL tokens burned in 2026.
In the past 24 hours, Polygon's network has officially entered a deflationary state, with over 107 million POL tokens burned this year, surpassing the 105.2 million tokens minted. This milestone is attributed to the high transaction volume, with May alone processing 198 million transactions. Despite this positive development, the POL token's market price remains relatively low, trading at approximately $0.0738, down 1.01% over the past 24 hours.
Key points
- Polygon's network enters deflationary state with over 107 million POL tokens burned in 2026.
- Despite deflationary milestone, POL token price remains at $0.0738, down 1.01% in 24 hours.
- May 2026 saw Polygon process 198 million transactions, surpassing other public chains.
Sources
- Polygon Burns $7.38 Million in POL Tokens, Shifts to Deflationary ModelMEXC News · July 1, 2026
- Polygon founder: The network has officially entered a deflationary state, with over 107 million POL tokens burned this yearChainCatcher · July 2, 2026
- Polygon hits 743 million transactions in Q2 2026, an all-time highCryptopolitan · July 2, 2026
AI-generated from public news sources. Not financial advice.
