Press Enter to search · ESC to close

Crypto DeFi

Polygon Co-Founder Says 25M More POL to Be Burned, Eyes 1-Second Finality

Polygon co-founder Sandeep Nailwal said the POL community has burned 100 million POL, about 1% of total supply, accumulated from on-chain revenue, with roughly 25 million more POL still being accumulated for burning. He also said Polymarket has launched perpetual contracts on Polygon, and that upcoming upgrades could bring 1-millisecond block confirmation via block streaming. OMS is set to add about 1 million daily transactions of capacity to Polygon.

Original source

AI take

The burn is notable less for its size than for its funding source: it is being paid for out of on-chain revenue, which turns a supply headline into a test of whether network activity can sustain deflationary pressure without relying on token emissions. The Polymarket perpetuals launch and the OMS capacity addition point to the same demand-side thesis — more transactions to fund more burns. The open question is whether the promised sub-second confirmation and block streaming arrive on schedule, since faster finality is what would make Polygon competitive for latency-sensitive trading rather than just cheaper.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback