Sandeep Nailwal announced on X (September 18) that 100 million POL is "ready to be permanently burned," but as of the announcement the burn had not actually happened yet — the contracts are deployed on testnet and are waiting on final signatures from Polygon's Security Council before going to mainnet,.
A few details worth knowing:
The interesting design choice is that the burn will be permissionless. Once the contracts are live on mainnet, any user — not the Foundation — can call the function and destroy the 100 million POL in a single transaction. After that first burn, community members will be able to trigger further burns every quarter from fees the network accumulates,#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp #TokenizedStockPlatformsCouldLaunchNextQuarter $NVDAB $GOOGL.US
The tokens come from Polygon's base-fee collector contract, which Nailwal said currently holds about 121 million POL accumulated from network transaction fees under the EIP-1559 mechanism. The first burn would clear roughly 83% of that balance, leaving about 21 million POL before new fees accrue,
In supply terms, it's meaningful but modest — about 1% of POL's original 10 billion token supply, or roughly 0.93% of the ~10.7 billion total supply currently outstanding. Since POL still has ongoing emissions (an effective ~2% annual rate after June 2025), the one-time burn alone doesn't guarantee a shrinking supply; that depends on future fee burns outpacing issuance,
Context Nailwal attached to the announcement: he says POL has been deflationary since January 2026 (107.7 million POL burned versus 105.2 million minted by June 30), the network has scaled to 5,000 TPS, and Polygon's 2026 YTD revenue stands at $24.5 million,
One thing to keep in mind: the specific governance proposal or PIP number wasn't linked in his post, and the X announcement hasn't been independently verified, so the timeline to mainnet is still pending those Security Council approvals.
A few details worth knowing:
The interesting design choice is that the burn will be permissionless. Once the contracts are live on mainnet, any user — not the Foundation — can call the function and destroy the 100 million POL in a single transaction. After that first burn, community members will be able to trigger further burns every quarter from fees the network accumulates,#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp #TokenizedStockPlatformsCouldLaunchNextQuarter $NVDAB $GOOGL.US
The tokens come from Polygon's base-fee collector contract, which Nailwal said currently holds about 121 million POL accumulated from network transaction fees under the EIP-1559 mechanism. The first burn would clear roughly 83% of that balance, leaving about 21 million POL before new fees accrue,
In supply terms, it's meaningful but modest — about 1% of POL's original 10 billion token supply, or roughly 0.93% of the ~10.7 billion total supply currently outstanding. Since POL still has ongoing emissions (an effective ~2% annual rate after June 2025), the one-time burn alone doesn't guarantee a shrinking supply; that depends on future fee burns outpacing issuance,
Context Nailwal attached to the announcement: he says POL has been deflationary since January 2026 (107.7 million POL burned versus 105.2 million minted by June 30), the network has scaled to 5,000 TPS, and Polygon's 2026 YTD revenue stands at $24.5 million,
One thing to keep in mind: the specific governance proposal or PIP number wasn't linked in his post, and the X announcement hasn't been independently verified, so the timeline to mainnet is still pending those Security Council approvals.