Polygon burned 100 million POL, about 1% of supply, using collected network fees
Polygon permanently burned 100 million POL, about 1% of supply, drawing on fees accumulated in its fee-collector contract, Polygon Foundation CEO Sandeep Nailwal said.
Why it matters
The burn removes a fixed slice of POL supply and ties future removals to fee collection rather than a preset schedule, which links supply changes to onchain usage. The reported price move after the burn was a market reaction to the supply change, not a stated effect of the network's fundamentals.
Where the sources disagree
What Nailwal's announcement disclosed about the burn
Community can trigger future fee-funded burns
Crypto News (CryptoNews.net)
Post did not state a reason for the burn or any new supply arrangement
Crypto News (CryptoNews.net)
One report says the burn introduces a process letting the community trigger future fee-funded burns, while another says Nailwal's post gave no reason for the burn and no new supply arrangement.
Key facts
Polygon permanently burned 100 million POL tokens on September 23, 2026, roughly 1% of total POL supply.
100,000,000 POLReported by Crypto News (CryptoNews.net)
Polygon Foundation CEO Sandeep Nailwal confirmed the burn in a post on X, calling the tokens permanently incinerated.
100,000,000 POLReported by Crypto News (CryptoNews.net)
The burned tokens were funded from fees accumulated in Polygon's fee-collector contract, which held nearly 121 million POL.
121,000,000 POLReported by Crypto News (CryptoNews.net)
The burn funds did not come from the foundation's operating budget or institutional treasury reserves.
Reported by Crypto News (CryptoNews.net)
The transfer went from an address marked with the suffix 0xDEAD to the POL token contract, making the tokens irrecoverable.
100,000,000 POLReported by Crypto News (CryptoNews.net)
The burned tokens were valued at an estimated $10.12 million in one report and around $10.22 million at the time of the transaction in another.
10,120,000 USDDisputed figureReported by Crypto News (CryptoNews.net)
The burn process allows the community to trigger future fee-funded burns, tying removals to network activity.
Disputed figureReported by Crypto News (CryptoNews.net)
POL traded near $0.113 and was up about 11.6% from its level around the burn date, briefly reaching $0.11497 without holding above $0.115.
11.6 %Reported by Crypto News (CryptoNews.net)
What happened
Polygon permanently removed 100 million POL tokens from circulation on September 23, 2026, in a transaction routed from an address carrying the suffix 0xDEAD to the POL token contract, which rendered the tokens unrecoverable. Polygon Foundation CEO Sandeep Nailwal confirmed the burn in a post on X. The funding came from the network's fee-collector contract, which held nearly 121 million POL, and not from the foundation's operating budget or treasury reserves. Crypto News reported the burn carried an estimated value of $10.12 million, while a later Crypto News report put the value at around $10.22 million at the time of the on-chain transaction. The burn covered roughly 1% of total POL supply, and the fee-funded model means the amount removed scales with network activity rather than with a fixed schedule. One report said the change introduces a process letting the community trigger future fee-funded burns, and another said Nailwal's post gave no reason for the burn and no new supply arrangement for POL.
How the story developed
- Official statement
Nailwal confirms 100M POL burn
Sandeep Nailwal posted that 100 million POL was permanently burned, about 1% of total supply, with a screenshot of the on-chain transaction.
- Update
On-chain transfer of 100 million POL to the token contract
100 million POL moved from an address with the 0xDEAD suffix to the POL token contract, funded by the fee-collector contract holding nearly 121 million POL.
- First report
First report by Crypto News (CryptoNews.net)
Polygon Burns 100M POL Tokens, Removing 1% of Total Supply
- Update
Burn value and supply impact reported
Crypto News described the burn as removing about 1% of POL supply with an estimated value of $10.12 million, drawn from accumulated network fees rather than treasury reserves.
- Update
Nailwal's post said the tokens were permanently incinerated
A follow-up report stated that Nailwal gave no further detail on the reason for the burn or on any new POL supply arrangement.
- Independent corroboration
Independently corroborated by Crypto.News
Polygon payment channels hit 11 million updates per second across 25 hubs
- Update
POL price reaction to the burn
POL traded near $0.113, up about 11.6% from its level around the burn date, and briefly touched $0.11497 before falling back below $0.115.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 24 Sept 2026, 08:47 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 24 Sept 2026, 08:50 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 25 Sept 2026, 14:28 UTC: Crypto.News — 3 independent sources, 3 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News (CryptoNews.net) Aggregator | Polygon Burns 100M POL Tokens, Removing 1% of Total Supply | Original | |
| Crypto.News Crypto media | Polygon payment channels hit 11 million updates per second across 25 hubs | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Token Burns Continue in Popular Altcoin! Here’s the Latest Token Amount Burned | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Polygon price rises 12% since 100M POL burn—can it hold above $0.11? | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Polygon’s Latest Tweet Sparks Interest in Top Two Protocols | Syndicated |
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