Polygon is preparing to permanently burn 100 million POL through a permissionless contract, pending final Security Council signatures for mainnet deployment. The tokens represent about 1% of POL’s circulating supply and would be drawn from a collector wallet holding 121 million POL generated through network base fees. Once approved, anyone in the community could trigger the initial burn, followed by manual quarterly burns as eligible tokens accumulate. Polygon Foundation CEO Sandeep Nailwal said the network generated $24.5 million in year-to-date revenue, while DeFiLlama data showed annual collected revenue above $25 million, a two-year high. Nailwal said Polygon’s payments-focused activity and fees were three times Arbitrum’s and five times NEAR Protocol’s, although the comparison figures cited elsewhere were $8.41 million for Arbitrum and $5.6 million for NEAR. POL rose 10% after the burn announcement and had gained about 20% over the week, but whale wallets sold more than 30 million POL in three days. The token’s recovery remained constrained near $0.11, while $0.09 served as key support; technical indicators pointed to limited short-term volatility and a possible retest if selling continued.