Bullish
Polygon burns 100 million POL tokens, reducing supply by 1%.
In the past 24 hours, Polygon has permanently burned 100 million POL tokens, approximately 1% of its total supply, through a community-triggered transaction. This burn is part of Polygon's ongoing efforts to reduce token supply and enhance the value of POL. Additionally, Polygon is progressing towards achieving 1-millisecond on-chain confirmation times, with plans to burn an additional 25 million POL tokens.
Key points
- Polygon permanently burns 100 million POL tokens, reducing supply by 1%.
- Plans to burn an additional 25 million POL tokens to achieve 1-millisecond confirmation times.
- Polymarket launches perpetual contracts on Polygon, expanding use cases.
- Polygon's network upgrades aim for faster transaction confirmations.
Sources
- Polygon Permanently Burns 100 Million POL Tokens, Cutting Supply 1%TokenPost · September 23, 2026
- Polygon co-founder announces an additional 25M POL burn, aiming for 1-millisecond confirmationKuCoin · September 27, 2026
- Polygon Co-Founder Announces Additional POL Burn and Blockchain UpgradesKLEA News · September 27, 2026
- Polygon payment channels hit 11 million updates per second across 25 hubsWEEX Crypto News · September 25, 2026
AI-generated from public news sources. Not financial advice.
