Polygon Co-Founder Says Another 25 Million POL Will Be Burned as Network Targets 1 Millisecond Confirmations

Polygon co-founder Sandeep said POL, formerly known as MATIC, remains one of the market’s most overlooked projects, while outlining a fresh round of token burns and several network upgrades. According to his post, the POL community has recently accumulated onchain revenue and permanently burned 100 million POL, or about 1% of the total supply. He added that another roughly 25 million POL is still being accumulated and is also set to be burned. Sandeep also pointed to product and infrastructure progress on the network. He said Polymarket has launched perpetual contracts on Polygon, and that recent upgrades are pushing Polygon PoS toward a more advanced blockchain architecture. In his description, the network is expected to reach 1 millisecond confirmation times in the future through block streaming. He also said OMS will soon add capacity for about 1 million extra transactions per day on Polygon. The remarks were published in an Odaily newsflash and centered on token supply reduction, performance upgrades, and growing application activity on the network.