Neutral
Polygon's POL token enters deflationary state with over 107 million burned
Polygon's network has achieved a deflationary status in 2026 by burning over 107 million POL tokens, surpassing the 105 million tokens minted during the same period. This reduction is primarily driven by the base fee mechanism, which burns a portion of transaction fees. Despite this positive development, the POL token's price has experienced a decline, trading around $0.06948, attributed to a prolonged technical downtrend since late 2024.
Key points
- Polygon's network has burned over 107 million POL tokens in 2026, achieving a deflationary status.
- Despite the deflationary trend, POL's price has declined, trading around $0.06948, due to a prolonged technical downtrend since late 2024.
Sources
AI-generated from public news sources. Not financial advice.
