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.