#Polygon
Polygon Burns 100M POL Tokens, Removing 1% of Total Supply
Polygon permanently removed 100 million $POL tokens with an estimated valuation of $10.12 million.
The liquidated volume equates to approximately 1% of the asset’s total issued supply.
The transaction utilized funds accumulated within the network’s fee-collector contract, which held nearly 121 million $POL .
Polygon burned 100M pol tokens this Wednesday via a direct transaction on its blockchain. The Executive Director of the Polygon Foundation, Sandeep Nailwal, confirmed the execution in a post on his X account.
BURN COMPLETE: 100 MILLION pol (~1% of pol total supply) IS OFFICIALLY BURNED PERMANENTLY.https://t.co/3MOAw9eD8o pic.twitter.com/incm4389Df
— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 23, 2026
The transfer originated from an address marked with the contractual suffix «0xDEAD» and was routed to the core $POL token contract. Through this technical procedure, the assets were rendered entirely irrecoverable for any future secondary market circulation.
The source of the funds did not involve the foundation’s operational budget or institutional treasury reserves. Instead, the capital stemmed from the steady accumulation of gas generated by network users over recent months.
According to a technical report from crypto exchange KuCoin, processing fees on Polygon split into two specific components upon transaction validation: a priority fee and a mandatory base fee.
Validators responsible for block production receive priority fees as an incentive for their computational work. Conversely, base fees are automatically redirected to a collector smart contract designed to aggregate network surpluses.
Prior to this operation, the collection module held approximately 121 million units of $POL . With the transaction executed on September 23, 2026, the system consumed the vast majority of that accumulated reserve.#Write2Earn #pol $POL
Polygon Burns 100M POL Tokens, Removing 1% of Total Supply
Polygon permanently removed 100 million $POL tokens with an estimated valuation of $10.12 million.
The liquidated volume equates to approximately 1% of the asset’s total issued supply.
The transaction utilized funds accumulated within the network’s fee-collector contract, which held nearly 121 million $POL .
Polygon burned 100M pol tokens this Wednesday via a direct transaction on its blockchain. The Executive Director of the Polygon Foundation, Sandeep Nailwal, confirmed the execution in a post on his X account.
BURN COMPLETE: 100 MILLION pol (~1% of pol total supply) IS OFFICIALLY BURNED PERMANENTLY.https://t.co/3MOAw9eD8o pic.twitter.com/incm4389Df
— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 23, 2026
The transfer originated from an address marked with the contractual suffix «0xDEAD» and was routed to the core $POL token contract. Through this technical procedure, the assets were rendered entirely irrecoverable for any future secondary market circulation.
The source of the funds did not involve the foundation’s operational budget or institutional treasury reserves. Instead, the capital stemmed from the steady accumulation of gas generated by network users over recent months.
According to a technical report from crypto exchange KuCoin, processing fees on Polygon split into two specific components upon transaction validation: a priority fee and a mandatory base fee.
Validators responsible for block production receive priority fees as an incentive for their computational work. Conversely, base fees are automatically redirected to a collector smart contract designed to aggregate network surpluses.
Prior to this operation, the collection module held approximately 121 million units of $POL . With the transaction executed on September 23, 2026, the system consumed the vast majority of that accumulated reserve.#Write2Earn #pol $POL
