Polygon Network Token

24h change: -6.26%. From $0.11 to $0.1031.

• Polygon implemented governance proposal PIP-92 starting October 1. The change redirects 27.33 million POL from previously accumulated priority fees to increase the checkpoint reward and lift the estimated gross annualized staking rate from about 3 percent to 7.7 percent. Rewards are scheduled to return to baseline on December 1. This follows the permanent burn of 100 million POL in September and uses only existing collected fees with no new issuance.
• Polygon reported more than $3 trillion in cumulative stablecoin transfer volume with $97.9 billion recorded in September alone. The network continues to add payments features including crypto checkout in its Open Money Stack, euro onchain FX integrations with Monerium and Frax, and recurring stablecoin subscriptions. These developments position Polygon as infrastructure for payments, RWAs, and tokenized assets with growing institutional interest.
• Polygon Foundation completed the burn of 100 million POL tokens, representing nearly 1 percent of total supply. The tokens came from the network fee collector and were sent to a dead address. This event, combined with quarterly burn plans from future fees, reinforces deflationary mechanics that have been in place since early 2026 alongside protocol revenue of $24.5 million year-to-date.

24h change: -0.03%. From $0.1091 to $0.1091.

• Governance proposal PIP-92 directs 27.3 million POL from previously accumulated priority fees to stakers. This temporarily increases the estimated annualized gross reward rate from about 3 percent to 7.7 percent between October 1 and December 1 without minting new tokens. Checkpoint rewards rise from roughly 25,213 POL to 64,500 POL during the period. The change links incentives to real network usage and aims to encourage greater validator and delegator participation.
• Polygon executed an on-chain burn of 100 million POL sourced from its base-fee collector rather than treasury funds. The network introduced a permissionless system allowing community-triggered quarterly burns as fees accumulate. This contributes to deflationary pressure as the network has accumulated fees faster than validator emissions since January 2026. The burn represents roughly 1 percent of total supply.
• Polygon Chain reported more than 3 trillion dollars in cumulative stablecoin transfer volume. Tests demonstrated support for 11 million verified payment updates per second across hubs with batched settlement. The Lugano hard fork targeting early October improves consensus hardening and reliability following earlier security fixes. September metrics included substantial network fees, transactions, and hundreds of thousands of daily stablecoin users.

24h change: +1.12%. From $0.1079 to $0.1091.

• Polygon activated governance proposal PIP-92, increasing estimated annualized staking rewards from around 3 percent to 7.7 percent until December 1. The boost distributes roughly 27.3 million POL from five months of accumulated priority fees rather than new token issuance. Checkpoint rewards rise significantly during this period with any surplus or shortfall carrying into future iterations. This approach ties incentives directly to actual network usage and supports validator participation without altering baseline emissions.
• In late September Polygon permanently burned 100 million POL tokens, about 1 percent of total supply, sourced from the base-fee collector contract rather than foundation treasury funds. CEO Sandeep Nailwal noted the network generated $24.5 million in revenue during 2026 to date. The burn mechanism is now permissionless, allowing community members to trigger future quarterly burns as fees accumulate. This contributes to deflationary pressure alongside the existing 2 percent annual emissions used for validators and treasury.
• The Lugano hard fork, which includes consensus hardening, improved logging, rate limits and other performance changes, targeted mainnet activation around October 1 after deployment on the Amoy testnet. It builds on the earlier Austin and Kyoto forks that patched denial-of-service vulnerabilities and validator resource issues before public disclosure. These upgrades support network reliability as Polygon emphasizes payments infrastructure, high TPS capabilities and stablecoin settlement. Node operators were advised to update clients in connection with the changes.

24h change: -3.21%. From $0.1205 to $0.1166.

• Polygon executed an on-chain burn of 100 million POL from its fee collector contract. This represents approximately 1 percent of total supply and was confirmed by foundation CEO Sandeep Nailwal. The network has been deflationary since early 2026 with plans for community-triggered quarterly burns going forward. The action aims to strengthen tokenomics as network usage grows.
• Polygon tested a system using off-chain payment channels and the x402 protocol that handled over 11 million verified payment updates per second across 25 hubs. Settlements batch on the Polygon chain. This supports high-frequency use cases such as AI agent micropayments without individual on-chain transactions. It is part of ongoing development of the Open Money Stack for scalable payments infrastructure.
• Polygon disclosed fixes for denial-of-service and validator resource issues through the Austin and Kyoto hard forks. The Lugano hard fork is live on Amoy testnet with mainnet targeted for October 1 following governance discussions. The 46th Polygon Protocol Governance Call also covered PIP-92 on POL distribution to delegators. These upgrades require node operators to update clients.

24h change: +1.45%. From $0.1189 to $0.1207.

• Polygon Foundation executed a permanent on-chain burn of 100 million POL tokens drawn from the base fee collector contract. This accounts for roughly 1 percent of total supply and follows the network being net deflationary since January 2026 despite 2 percent annual emissions. The permissionless mechanism now lets any community member trigger future quarterly burns of accumulated fees. The action ties real network usage more directly to supply reduction and was highlighted alongside revenue and activity metrics.
• The Lugano hardfork is live on Amoy testnet with mainnet deployment targeted for October 1. It introduces consensus hardening, improved transaction handling, node reliability fixes, and better logging. This continues Polygon's series of upgrades focused on stability for payments use cases. PPGC 46 also discussed PIP-92, a proposal to adjust POL distribution to network delegators and stakers.
• Polygon reports capability for 11 million payments per second, 461,000 daily stablecoin users, and significant Polymarket perpetuals volume. Protocol revenue reached $24.5 million year-to-date, outpacing some competitors per foundation statements. These figures accompany launches like stablecoin subscriptions on the Open Money Stack. The focus reflects Polygon's pivot toward enterprise payments and real-world utility.