Polygon to burn 100M POL as revenue hits $24.5M, but will this help the token?
Polygon is prepping for the next crypto market bull cycle with an aggressive POL deflationary plan. In a post on X on Friday, Polygon Foundation CEO Sandeep Nailwal announced the project will permanently burn 100M POL tokens, citing impressive protocol revenue. Polygon is printing revenue. $24.5m YTD. We are deploying a change that lets anyone in the community trigger its burn. Nailwal noted the proposal is now awaiting the final Security Council sign-off to be implemented. Following the same, there will be manual quarterly burns. Polygons base fees add POL to its collector wallet. According to Nailwal, the collector currently holds 121M POL, worth about $1.2M. If the 100M tokens are burnt as planned, that will remove 1% of POL circulating supply from the market. Will Polygon‘s burns boost POL’s value? Polygon has aggressively repositioned itself for payments, especially stablecoin-based transfers. According to Nailwal, the traction and the generated fees are now 3x that of Arbitrum and 5x that of Near Protocol. In fact, according to DeFiLlama, Polygons collected annual revenue crossed $25M too, marking a two-year high. Source: DeFiLlama Whether the traction will hold steady in the coming months and fuel POLs burn rates remains to be seen though. In the meantime, POLs price surged by 10% on the









