Odaily Planet Daily reports: Polygon founder Sandeep announced on X that since the beginning of 2026, approximately 105.2 million new POL tokens have been minted, while approximately 107.7 million POL tokens have been burned through the base fee mechanism—exceeding new issuance and marking Polygon’s network as officially experiencing annual net deflation. Sandeep added that the reduction in POL supply is primarily driven by the burning of base fees generated from Polygon’s role as a payment chain handling high transaction volumes; in May, Polygon processed more transactions than any other public chain, reaching 198 million transactions in a single month.
Polygon Network Enters Deflationary State, Over 107 Million POL Tokens Burned in 2026
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Summary
The Polygon Network has entered a deflationary state following a recent network upgrade, with over 107 million POL tokens burned by 2026. In May, the network processed 198 million transactions, burning 10.77 million POL while minting only 10.52 million, resulting in a net reduction in supply. On-chain data shows that the base fee mechanism is a key driver of token burns. Founder Sandeep confirmed that the deflationary trend is accelerating.
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