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Sandeep Nailwal: Polygon achieves 11 million payments per second and 100M POL burn

Sandeep Nailwal: Polygon achieves 11 million payments per second and 100M POL burn
Polygon hits 11M payments, 100M POL burned

Sandeep Nailwal, CEO at Polygon Foundation, highlights that the Polygon network is now capable of processing 11 million payments per second.

Nailwal also states that ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 is deflationary, with recent chain revenue leading to a permanent burn of $100 million POL, approximately 1% of the total token supply.

Nailwal previously confirmed that 100 million POL tokens, representing about 1% of the total supply, have been permanently burned in a recent supply reduction event, according to the Polygon Foundation. He has also highlighted that major brands and crypto platforms are now being built on the Polygon network, demonstrating increased adoption across corporate and fintech sectors, as reported in a recent overview. These developments mark ongoing activity around Polygon's token supply and network usage.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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