Odaily Planet Daily 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 to Burn 22M POL in Next Phase, Over 100M Annualized Volume on OMS
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Summary
Two weeks ago, the Polygon protocol burned 100 million POL from network transaction fees, representing 1% of the total supply. An additional 22 million POL (0.2% of the total supply) will be burned in the next phase. OMS recorded over $1 billion in trading volume last week, marking the second consecutive week above that threshold. Details on OMS’s impact are pending.
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