Polygon announces the completion of a new token burn, permanently removing approximately 25.9 million POL, about 0.24% of the current circulating supply. The project team stated that if this pace continues, the total burn rate by the end of 2026 will approach 3%. This move is seen as an important step for Polygon to strengthen its token economy and tighten supply, aiming to gradually improve the long-term value structure of POL while network usage grows.
However, the short-term market response remains cautious. Affected by the overall weakness in the crypto market, POL price has fallen about 6%, and trading volume has decreased to approximately $108 million, indicating a temporary cooling of trading activity. But this has not changed the trend of fundamental improvement. Polygon founder Sandeep Nailwal said on social media that there is a direct correlation between network activity and token value; the more frequently the PoS chain is used, the more POL is burned, and the supply will continue to tighten.
On-chain data is providing further support. In the past 24 hours, the number of daily transactions on the Polygon network has risen to about 6.6 million, reaching a new high in over a month, reflecting a rebound in demand for block space. Meanwhile, cross-chain fund flows have also shown positive changes. Bridge Netflow data indicates that Polygon experienced a net inflow of about $7 million in a single day, mainly from the Ethereum ecosystem, showing that funds are gathering toward this network.
At the spot level, signs of accumulation are also visible. Over the past week, POL net inflow was about $4.2 million, and in the last 24 hours, it continued to see slight inflows. If overall market sentiment stabilizes, the combined effect of on-chain activity and capital accumulation could provide medium-term support for the price.
From a technical perspective, POL has broken through the descending trendline that had been suppressing it for several weeks. Although there was a pullback afterward, the price remains above the key resistance-turned-support zone. As long as this structure is not broken, the market still has the opportunity to attempt a new upward move.
Against the backdrop of gradually decreasing supply, increased network usage, and improved capital flow, POL is at a critical stage of a fundamental shift, and its subsequent performance warrants ongoing attention.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Lido's Revenue Fell to $40.5M Last Year, Down 23% YoY, as LDO Buyback Plan Assessed
Lido Protocol released its 2025 financial data, with total revenue of $40.5 million, down 23% year-over-year. Gross revenue declined 18.2%, driven by user withdrawals and declining staking yields. Lido will evaluate its LDO buyback plan, with a goal to expand new services, particularly targeting institutional investors.
GateNews4h ago
When Backpack Betrays the Community
Backpack triggered strong backlash after launching its native token $BP due to airdrop distribution issues. Numerous KOLs and users expressed disappointment with its handling approach and criticized the project for deviating from community principles. Although the project team stated it would open an appeals process and provide compensation, user trust has been severely damaged, and the token price has dropped significantly.
金色财经_6h ago
Radical Action: Can Balancer Break Out of Its Darkest Hour?
Author: KarenZ, Foresight News
On November 3, 2025, a security incident resulting in losses exceeding $120 million largely shattered the growth illusions of DeFi legacy protocol Balancer.
This was Balancer's largest security incident in history. But the deeper wound is not in those astronomical figures.
Looking at the financial data attached in Balancer's latest proposal, its fundamentals have already become concerning: the protocol's annualized fees are approximately $1.65 million, with DAO's estimated annualized revenue at only $290,000, representing 17.5% of the total.
The remaining funds flowed to veBAL holders, core pools, Balancer
金色财经_8h ago
40 Million RLUSD Torched on Ethereum, Is Demand Falling? - U.Today
Ripple's RLUSD stablecoin has undergone significant token burns on Ethereum, with 40 million RLUSD permanently removed from circulation. These burns reflect normal operations associated with a fully backed stablecoin, maintaining supply integrity. Despite concerns about falling demand, recent burns indicate consistent institutional usage and liquidity management. RLUSD continues to show strong market presence, currently valued at approximately $1.48 billion.
UToday8h ago
Backpack TGE Airdrop Fiasco: After 3 Years of Participation, Users Flagged as "Sybil" and Whales Collectively Seek Compensation
The Backpack trading platform has underperformed since its TGE, causing a community trust crisis. Many core users had their points reduced or zeroed out, triggering strong dissatisfaction, particularly hitting the Chinese-speaking community hard. Opaque platform rules have intensified user frustration over sybil-cleaning measures. Although Backpack has launched an appeals channel and token buyback program, rebuilding trust remains difficult. Facing a bear market, Backpack is still betting on a listing and plans to tie its token to company valuation, but specific details remain unclear.
区块客10h ago
Backpack Anti-Witch Hunt Specifically Targets "Chinese Users"? Officials Launch Appeals + Buyback Compensation
On March 23, Backpack carried out a large-scale purge of violation points, reclaiming over 50 million points, which caused dissatisfaction among Chinese-speaking users. Core member Claire stated that the Chinese team and the European and American teams had different understandings of violations, leading to greater impact on Chinese users. In response to community backlash, Backpack's founder introduced an appeal channel and a token buyback plan, allowing eligible users to recover more than 50% of their points.
動區BlockTempo14h ago
