[Polygon Founder: Over 107 Million POL Burned This Year, Network Officially Enters Deflationary State] According to a report by Jinse Finance, on July 1, Polygon founder Sandeep shared data on the X platform, stating that since 2026, approximately 105.2 million POL have been newly minted on Polygon, while about 107.7 million POL have been burned through the base fee mechanism. The amount burned has exceeded the newly issued amount, marking the Polygon network's official achievement of annual net deflation. Sandeep added that the reduction in POL supply is primarily due to the base fee burns driven by high transaction volumes on Polygon as a payment chain. In May, Polygon processed more transactions than other public chains, with a total of 198 million transactions in a single month.