Polygon Hits 11M Payments Per Second, Burns $100M in Token Supply

Polygon's network has reached a significant milestone, processing 11 million payments per second. According to Sandeep Nailwal, CEO at Polygon Foundation, this is a major achievement for the platform.

Nailwal also highlighted that the recent chain revenue has led to a permanent burn of $100 million POL, approximately 1% of the total token supply. This move aims to reduce the overall circulating supply and increase the value of the remaining tokens.

The Polygon network is gaining traction with major brands and crypto platforms being built on it. As reported in a recent overview, this increased adoption demonstrates the growing interest in the platform across corporate and fintech sectors.