Polygon CEO Touts $24.5M Revenue as 100M POL Burn Looms

Polygon Foundation CEO Sandeep Nailwal announced plans to burn 100 million POL tokens through a permissionless contract. The proposed mechanism would allow community members to initiate additional base-fee burns once per quarter.

The planned burn would draw tokens from a base-fee collector contract holding approximately 121 million POL, with the accumulated balance linked to transaction activity. Of that balance, the first burn would permanently remove 100 million tokens, equaling 1% of POL's initial supply of 10 billion tokens.

Nailwal also claimed $24.5 million in Polygon revenue for 2026, citing a revenue gap with rivals Arbitrum and NEAR Protocol. However, the figures lack independent verification, and Nailwal attributed the revenue comparison to his 'analyst at ChatGPT.'