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Sandeep Nailwal: 107M POL burned in 2026 as Polygon turns net deflationary

Sandeep Nailwal: 107M POL burned in 2026 as Polygon turns net deflationary
Polygon burns 107M POL in 2026

Sandeep Nailwal, CEO at Polygon Foundation, highlighted that 107 million POL tokens were burned in 2026, making the network officially net deflationary this year.

Nailwal also stated that Polygon processed a payment chain volume exceeding other blockchains in May, with 198 million transactions, and suggested that the fundamentals are aligning strongly for Polygon despite the crypto market's lack of attention.

Nailwal previously urged the crypto community not to underestimate Polygon, suggesting that wider recognition could follow in a recent statement. Earlier this year, he introduced Open Money Stack, a Polygon initiative aimed at enabling instant value transfers through a unified API at launch. These developments come as the network enhances its transaction and payment infrastructure.

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