Polygon's token, POL, was worth about $0.0887 on 25 October 2026 (08:06 UTC, CoinGecko). That is roughly 6.6% below the $0.0950 it traded at on 8 September 2026, the date of the original weekly snapshot. Two events between those dates matter more than the price move. In September Polygon completed a burn of 100 million POL, paid for with base fees it had already collected. On 14 October Polygon Labs completed its acquisition of Coinme, which it says gives its payments business licensed coverage in 48 U.S. states. Neither event lifted the price over the period.
Newest developments, most recent first
19 October 2026: CDK Besu
Polygon announced Polygon CDK Besu, a way to launch a Hyperledger Besu chain that connects to other chains and their liquidity (Polygon blog, 19 October 2026).
14 October 2026: Coinme acquisition completed
Polygon says its U.S. payments business now covers 48 states. It holds 37 state money transmitter licences, relies on 11 applicable exemptions, and is registered with FinCEN as a money services business. These capabilities sit inside Polygon Open Money Stack (OMS), its payments platform. The post names Tazapay, Mesh, Toku and Kira among the first OMS adopters. The announcement does not say what role, if any, the POL token plays in this business (Polygon blog, 14 October 2026).
29 September 2026: stablecoin volume
Polygon reported more than $3 trillion in lifetime stablecoin transfer volume on Polygon Chain since September 2020. It also reported $741 billion so far in 2026 and $933 billion in 2025 (Polygon blog, 29 September 2026). These are Polygon's own figures.
September 2026: 100 million POL burned
On 18 September 2026, Polygon Foundation CEO Sandeep Nailwal described a permissionless contract that would let anyone trigger a burn of 100 million POL. That was about 83% of the roughly 121 million POL held in the base-fee collector. At the time, the contracts were on testnet and needed final Security Council signatures before going to mainnet. Later burns could be triggered by anyone once a quarter (Crypto Briefing, 18 September 2026). Polygon's own blog later confirmed that the 100 million POL burn was "completed in September" (Polygon blog, 29 September 2026).
The numbers then and now
| Metric (CoinGecko) | 8 Sep 2026 (00:00 UTC) | 25 Oct 2026 (08:06 UTC) |
|---|---|---|
| Price | $0.09499 | $0.08871 |
| Market cap | $1.017B | ~$0.94–0.95B |
| 24h volume, all venues | $46.3M | $44.5M |
| 7-day change | +4.9% (from $0.09058 on 1 Sep) | -3.3% |
Other reference points from CoinGecko, as of 25 October 2026:
- Market cap rank: #76.
- 30-day change: -18.9%.
- All-time high: $1.29 on 13 March 2024. CoinGecko's POL series includes trading from before the migration. POL is about 93% below that level.
- All-time low: $0.0677 on 1 July 2026.
- Circulating and total supply: about 10.638 billion POL. There is no maximum supply.
Does burning outpace new POL issuance?
Enter a burn size and how many burns happen in a year to see whether POL supply still grows against the roughly 2% annual emission.
| Circulating and total POL supply | Effective annual emission rate | POL removed by each burn | Burns triggered in a year | Net change in POL supply over one year (positive = supply grows) |
|---|---|---|---|---|
| 10.638 billion POL | 2 % | 100 million POL | 1 burns | 112.8 million POL |
| 10.638 billion POL | 2 % | 50 million POL | 4 burns | 12.8 million POL |
| 10.638 billion POL | 2 % | 100 million POL | 4 burns | -187.2 million POL |
- Burn size and burn count are your own inputs, not figures from Polygon or any other source.
- The emission is treated as a flat 2% of current supply for one year; governance can change the rate up to the cap in the POL contract.
This is supply arithmetic on your inputs only: it does not estimate how much base fee the network will collect, and it says nothing about POL's price or demand.
How POL supply works, and why the burn is modest
POL replaced MATIC as the gas and staking token of Polygon PoS on 4 September 2024. MATIC holders on Ethereum migrate at 1:1 through a migration contract, and the MATIC they hand in is held there, not burned (Polygon documentation; Polygon blog). The initial supply was 10 billion POL.
New POL is issued every year. The original design set 2% a year: 1% to the community treasury and 1% to validators. PIP-26 changed the validator share in steps, and Polygon's documentation describes the result as an effective 2% annual emission after June 2025. Governance can change the rate, but only up to the mintPerSecondCap in the POL contract.
On a supply of about 10.6 billion, 2% is roughly 210 million new POL a year (our arithmetic, not a Polygon figure). A one-off burn of 100 million POL therefore offsets around half a year of issuance. Whether burns lower net supply over time depends on how much base fee the network collects, and on how often people trigger the quarterly burns.
What to watch
- Quarterly burns: how many POL each community-triggered burn removes compared with the roughly 2% annual emission.
- The link between OMS and the token: Polygon's Coinme announcement does not tie the new payments business to POL demand.
- Stablecoin activity on Polygon Chain: Polygon's own volume figures are the best available measure of network use. They are self-reported.
Price data here comes from CoinGecko alone, and the stablecoin and payments figures are Polygon's own. Nothing here is investment advice, and crypto assets can lose value quickly.
