Polygon to let anyone trigger 100M POL burn (~1% of supply)

September 23, 2026

Polygon is deploying a permissionless burn contract that will let anyone in the community permanently destroy 100 million POL (~1% of total supply) collected as network base fees, once the Security Council signs off. The mechanism was announced by Polygon Foundation CEO Sandeep Nailwal, who cited $24.5M in 2026 year-to-date revenue.

Contracts are on testnet pending Security Council approval, then any user can trigger the initial burn.
The collector contract holds 121M POL; after the first burn, community members can trigger additional base-fee burns quarterly.
Nailwal said POL has remained deflationary since January 2026, with Polygon now handling ~5,000 TPS across payments, trading and consumer apps.
The item was promoted via Polygon's official account, which reposted Cointelegraph's coverage.

Contracts are on testnet pending Security Council approval, then any user can trigger the initial burn.
The collector contract holds 121M POL; after the first burn, community members can trigger additional base-fee burns quarterly.
Nailwal said POL has remained deflationary since January 2026, with Polygon now handling ~5,000 TPS across payments, trading and consumer apps.
The item was promoted via Polygon's official account, which reposted Cointelegraph's coverage.

Polygon to let anyone trigger 100M POL burn (~1% of supply)

Sources

Polygon to let anyone trigger 100M POL burn (~1% of supply)

Sources