Polygon Network Token

24h change: +1.27%. From $0.0728 to $0.0737.

• The Polygon network burned approximately 107.7 million POL tokens in 2026 while minting about 105.2 million, resulting in a net reduction in supply. This shift follows network upgrades that burn base fees generated from high transaction activity, particularly in payments. Founder Sandeep Nailwal highlighted the development, noting strong on-chain usage with Polygon leading public blockchains in monthly transactions. The change reduces circulating supply and reflects growing utility as a payments-focused chain.
• Exchanges including Bybit and Binance paused deposits and withdrawals in late June and early July 2026 to support Polygon hard forks and upgrades at specific block heights. These updates enhance network functionality following the POL migration from MATIC and align with broader scaling efforts like AggLayer integration. The changes contribute to improved economics, including fee burns that support the deflationary trend. Users needed to complete transfers before the scheduled maintenance windows.
• Polygon processed leading transaction volumes among public blockchains, including $80 billion in stablecoin volume in one month and 198 million transactions in May 2026. The network positions itself as infrastructure for global payments with low fees around $0.002 and focus on regulated on-chain money movement. This activity directly contributes to POL burns through base fees. Developments like the Open Money Stack and AggLayer aim to scale further toward gigagas throughput for AI agents and micropayments.

24h change: +2.29%. From $0.0712 to $0.0728.

• Bybit and other exchanges are temporarily suspending POL deposits and withdrawals to support the upgrade expected at approximately 14:10 UTC on July 2 at block height 89531000. The upgrade is a technical hard fork that does not affect trading. It forms part of ongoing improvements to the chain as Polygon scales its payments and stablecoin capabilities.
• The network recorded 743.5 million transactions in Q2 2026, its highest quarterly total. This activity aligns with Polygon's pivot toward payments infrastructure, including support for 5,000 payments per second. One integration recently surpassed 152 million dollars in total payments volume on the chain. These developments show growing real-world usage.
• Polygon recently burned 7.38 million dollars worth of POL tokens, pushing the network into a net deflationary state based on current activity levels. This ties into broader token economics as the chain generates revenue from payments and stablecoin usage. Analysts note that higher transaction volumes could further strengthen these mechanics without relying on inflation.

24h change: +3.99%. From $0.0684 to $0.0712.

• Polygon processed 79.25 billion dollars in stablecoin transfers in May 2026 along with 198 million transactions. This led all blockchains and surpassed Solana and BNB Chain for the month. Cumulative stablecoin volume on the network now exceeds 2.4 trillion dollars. The activity supports the network's payments focus and integrations with partners such as Visa and Mastercard for settlement.
• Polygon burned 107 million POL tokens in 2026 so far through its mechanisms. Strong on-chain metrics including stablecoin volume and transaction growth have not translated into price appreciation. The token trades near 0.07 dollars amid broader layer-2 competition and questions about token utility in a payments-centric model.
• Recent mainnet upgrades raised the block gas limit to support up to 5,000 transactions per second for payment use cases. The AggLayer v0.3 release improves cross-chain interoperability. Exchanges including Binance paused activity in late June to support the hard fork and protocol improvements aligned with the payments roadmap.

24h change: -3.22%. From $0.0707 to $0.0684.

• Polygon handled 198 million stablecoin transactions worth nearly $80 billion in May 2026. This volume ranked the network first by transaction count and marked its second-highest monthly total with lifetime transfers now exceeding $2.4 trillion. Low average fees of $0.002 and two-second settlement times support its position in payments especially in emerging markets. These metrics demonstrate growing real-world utility beyond price movements.
• A June 2026 upgrade increased network capacity to 5000 payments per second matching traditional card network speeds. Costs remain fractions of a cent with block times around 1.75 seconds and near-instant finality. This supports the Open Money Stack and integrations such as Uquid for one-click crypto checkout across more than 178 million products. The changes position Polygon for broader enterprise and consumer payments adoption.
• POL has traded in a downtrend during 2026 with price near $0.0705 and market capitalization around $755 million despite network usage growth. Competition from other layer-2 solutions, TVL outflows in parts of the ecosystem, and variable trading liquidity have weighed on performance. Stablecoin activity and payment integrations remain strong. Analysts continue to monitor active addresses, developer activity and token burns for signs of demand recovery.

24h change: -0.69%. From $0.0711 to $0.0706.

• On June 18 2026 Polygon raised its block gas limit to 160 million enabling the network to process 5,000 transactions per second with 1.5-second block times. This upgrade supports stablecoin payments remittances and enterprise use cases with predictable low fees. It forms part of the Gigagas roadmap aiming for significantly higher throughput later in 2026 and beyond. The development positions Polygon to handle Visa-level payment volumes onchain.
• Mastercard integrated Polygon for regulated stablecoin card settlements expanding to nights weekends and holidays in June 2026. The partnership increases network activity and contributes to POL burns through gas fees. It brings traditional finance settlement onchain and supports Polygon's payments focus alongside other chains. This marks a notable enterprise adoption step for the ecosystem.
• Increased activity from payments dapps like Polymarket and Mastercard settlements drives POL burns exceeding new supply. Official communications confirm the token has been net deflationary so far this year with no new tokens entering circulation in some periods. Community discussions note real usage and burns as key fundamentals despite price pressure. This contrasts with earlier inflation concerns following the MATIC to POL migration.