Polygon's 100 million POL token burn is now complete

BlockBeats news, September 24: Polygon Foundation CEO Sandeep Nailwal announced in a post this morning that the burn of 100 million POL (approximately 1% of the total POL supply) has now been completed.

Previously, Nailwal stated that Polygon's cumulative base fees have now accumulated 12.1 million POL. Nailwal said that POL has been in a deflationary state since January 2026, network activity continues to grow, and the network has been scaled to 5,000 TPS.