Polygon burned 100 million POL two weeks ago, according to monitoring cited by Sandeep Nailwal, with the amount representing about 1% of the token’s total supply. The funds used for the burn came from fees generated by the network. Another 22 million POL, or roughly 0.2% of total supply, has already been prepared for the next burn phase.
Polygon has not yet fully disclosed how OMS affects POL, though the project said more details will be released soon. The update also noted that OMS processed annualized transaction volume above $1 billion for a second straight week last week.
The figures point to an ongoing burn process tied to protocol fee generation, while fuller information on OMS and its relationship with POL remains pending.
Polygon burned 100 million POL two weeks ago, according to monitoring cited by Sandeep Nailwal. The amount accounted for about 1% of the token’s total supply, and the funds came from fees generated by the network.
Another 22 million POL has been prepared for the next burn phase, equal to about 0.2% of total supply. Polygon has not yet fully disclosed OMS’s impact on POL, and said related information will be released soon.
Last week, OMS processed annualized transaction volume above $1 billion for a second consecutive week.
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