Polygon Founder: Network Officially Enters Deflationary State, Over 107 Million POL Burned in 2026

Odaily reported that Polygon founder Sandeep shared data on X, stating that as of 2026, approximately 105.2 million POL tokens have been newly minted on Polygon, while around 107.7 million POL have been burned through the base fee mechanism. The amount burned has exceeded the new issuance, officially marking the Polygon network's first annual net deflation. Sandeep added that the reduction in POL supply is primarily due to high-volume transactions on Polygon as a payment chain leading to increased base fee burning. In May, Polygon processed over 198 million transactions, surpassing the transaction volume of other public chains in a single month.