Huo Xing Finance reports that, according to Sandeep Nailwal’s monitoring, the Polygon protocol burned 100 million POL two weeks ago, accounting for approximately 1% of the total token supply, with funds sourced from network transaction fees. Currently, an additional 22 million POL are prepared for the next phase of burning, representing about 0.2% of the total supply. Polygon has not yet fully disclosed the impact of OMS on POL; related information will be released soon. Last week, the annualized transaction volume processed by OMS exceeded $1 billion for the second consecutive week.
Polygon Protocol Burns 100M POL, 22M POL Scheduled for Next Burn Phase
MarsBitShare
Summary
The Polygon protocol update saw 100 million POL tokens burned—1% of the total supply—funded by transaction fees. An additional 22 million POL, or 0.2% of the supply, will be burned next. OMS processed over $1 billion in annualized volume last week for the second time. Network upgrade details remain pending, with more information expected soon.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.