Polygon Co-Founder Highlights POL as Undervalued Amid Token Burn
- Polygon’s co-founder Sandeep Nailwal stated that POL, previously known as MATIC, is “the most undervalued and underrated project.”
- The Polygon community has permanently burned 100 million POL, representing about 1% of the total supply, funded by network revenue.
- An additional approximately 25 million POL is set to be burned daily as part of ongoing deflationary measures.
- Recent upgrades to the Polygon PoS network aim to achieve blockstreaming with a confirmation time of around one millisecond.
- The OMS system is expected to handle up to one million transactions per day, enhancing overall network efficiency.
Nailwal emphasized that the token burn is a significant factor in driving POL’s growth and has made it deflationary. Additionally, developments like Polymarket launching perpetual contracts on Polygon are expanding the ecosystem.
With the recent burn of over $100 million POL and ongoing improvements in transaction capabilities, Polygon aims to solidify its position in the crypto market.(Source)
