Polygon burns 100M POL and raises staking rewards, Sandeep Nailwal states

Polygon burns 100M POL and raises staking rewards, Sandeep Nailwal states
Polygon burns 100M POL, higher rewards

Sandeep Nailwal, CEO at Polygon Foundation, highlights that the Polygon community has burned 100 million POL tokens, representing about 1% of the total supply.

Nailwal notes that increased network usage is leading to higher fees and greater rewards—up to approximately 7.7% for those securing the network in the next two months. Nailwal encourages community members who have been waiting for a sign to begin staking to take action now.

Earlier this year, Sandeep Nailwal outlined how major brands and crypto platforms have adopted Polygon’s blockchain infrastructure, citing growing industry traction in a previous overview. Nailwal also previously confirmed that 100 million POL tokens were permanently removed from circulation, representing about 1% of total supply, as reported in another statement. These developments have accompanied broader engagement from both companies and token holders.

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