POL (Polygon) increased by 14.47% in the past 24 hours

Gate News Bot Message, January 9th, according to CoinMarketCap data, as of press time, POL (Polygon) is trading at $0.15, up 14.47% in the past 24 hours, reaching a high of $0.15 and a low of $0.11. The current market cap is approximately $1.552 billion, an increase of $196 million from yesterday.

Polygon is a global leader in payment blockchain technology, dedicated to building infrastructure for open financial systems. The network is known for its applications in payments, stablecoins, real-world asset tokenization (RWA), and DeFi. Currently, Polygon has processed over 5.3 billion transactions, with more than 117 million unique addresses, a stablecoin supply exceeding $3.6 billion, and an average transaction cost of only $0.0027.

As Polygon’s native token, POL has real utility, used for paying network gas fees, participating in network staking for security, and accessing thousands of applications. The network has been adopted by leading global companies such as Stripe, Revolut, Google, and Reddit, aiming to create instant, large-scale blockchain infrastructure for global asset liquidity.

Important recent news about POL:

1️⃣ Record-high transaction fee burns, significant deflationary effects The Polygon PoS network’s daily fee burn has hit a new record, destroying 3 million POL tokens within 24 hours, accounting for 0.03% of the total supply. Over the past 3 to 4 days, an average of 1 million POL has been burned daily as base fees. If this trend continues throughout the year, approximately 3.5% of the total POL supply will be burned, creating a strong deflationary mechanism that helps increase token scarcity and long-term value support.

2️⃣ Network activity continues to heat up, fee revenue accelerates Fees generated on the Polygon chain are in the S-curve phase, showing an accelerating growth trend. The record-high fee burns reflect a significant increase in on-chain transaction demand, consistent with the network having processed over 5.3 billion transactions and more than 117 million unique addresses, indicating ongoing positive ecosystem activity.

3️⃣ Staking ecosystem remains robust, institutional confidence supports value foundation Currently, 3.6 billion POL are staked, with stakers and validators earning approximately 1.5% POL rewards. A healthy staking ecosystem locks in circulating supply, strengthening network security. Meanwhile, the Polygon Foundation CEO stated that 2026 will be the year of POL revival, demonstrating strong confidence from the ecosystem in the project’s future development.

This message is not investment advice. Investors should be aware of market volatility risks.