The Polygon Foundation, led by CEO Sandeep Nailwal, announced a permanent burn of 100 million POL tokens, worth approximately $13 million at current prices, which can be triggered by any community member. The network reports protocol revenues of $24.5 million since the start of 2026, outperforming Arbitrum and NEAR, with daily application fees exceeding $1 million since April. Polygon has made a deliberate strategic pivot toward stablecoin payments, offering 2 to 5 second finality through Heimdall v2 and integrations with Stripe, Shopify, Revolut, and MoonPay. POL remains under pressure with a 91.6% decline from its all-time high of $1.29 in March 2024, while facing 2% annual inflation, equivalent to 200 million tokens issued each year. Polymarket alone accounts for 76% of protocol fees on Polygon, exposing the network to concentration risk as the platform faces regulatory pressure in several countries.
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