Polygon Burns 1% of POL Supply Amid Rising Revenue and Deflationary Phase

Polygon's POL token has seen a one-time burn of approximately 1% of its total supply, worth around $10 million. The tokens were burned from fees accumulated in the network fee collection contract and will not be replaced.

The decision to burn the tokens was made by Polygon Foundation CEO Sandeep Nailwal, who stated that the network has entered a net deflationary phase since January 2026.

Polygon's revenue has been increasing, with $24.5 million generated in 2026 alone, according to Nailwal. The protocol also processed approximately $79.25 billion in stablecoin transfers and around 198 million stablecoin transactions in May 2026.