Polygon Foundation founder Sandeep Nailwal confirmed that the protocol burned 100 million POL two weeks ago using network-generated fees. This burn represents approximately 1% of the token's total supply and demonstrates the network's deflationary mechanism in action.
The next phase of token burning is already underway, with 22 million POL currently accumulated for destruction. This upcoming burn will account for roughly 0.2% of the total supply, continuing the protocol's systematic reduction of circulating tokens through fee revenue.
Polygon Burns 100M POL, Targets 22M More in Next Phase
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