Polygon Foundation CEO Touts 'Benefits' of Holding POL as Active Addresses Slide

The CEO of the Polygon Foundation released a primer Friday explicitly outlining the worth accrual mechanisms for the network’s autochthonal token, POL, framing it arsenic a nonstop beneficiary of the ecosystem's growth.

Sandeep Nailwal said that his tweet was intended to “explicitly restate what has ever been true: If Polygon Chain and Agglayer succeed, past POL holders benefit. Full stop.”

Following Nailwal’s tweet, POL deed a play precocious of $0.1842, earlier erasing the lion's stock of its gains with a driblet of 6.7% implicit the past 24 hours, according to CoinGecko data.

Polygon’s choppy commencement to the week occurred against a backdrop of bullish cardinal messaging from executives and a broader altcoin rally, coinciding with mixed on-chain signals.

While Polygon’s regular gross surged from lows of astir $13,000 successful mid-December to astir $200,000 successful the past week, its progressive code number has slumped from highs of 2.9 cardinal successful mid-December to astir 489,000, according to Growthepie data.

According to Ryan Lee, Chief Analyst astatine Bitget, POL’s caller terms driblet “appears to beryllium mean marketplace volatility pursuing an archetypal surge aft the Open Money Stack announcement.” He argued that, “Enhanced utility, burns, and staking mechanisms fortify POL's fundamentals, supporting sustained maturation for the industry.”

Nailwal’s station highlighted 3 superior payment streams for POL holders, including transaction fees, staking rewards, and aboriginal interoperability fees from Agglayer.

His tweet besides emphasized the token’s deflationary design, noting that 100% of basal transaction fees connected the Polygon concatenation are burned.

The Polygon Foundation CEO cited caller web demand, which saw a single-day pain of 3 cardinal POL, arguing that an mean pain complaint of 1.5 cardinal POL per time would construe to an yearly deflation of astir 5% of the full supply, which helium claimed would marque POL “the astir deflationary token successful the full industry.”

Transaction counts person besides been elevated, precocious hitting 5.9 cardinal successful a day, though this inactive trails Base's 10.1 million.

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Alongside Polygon Labs CEO Marc Boiron, Nailwal precocious unveiled plans for an “Open Money Stack,” a semipermanent inaugural that aims to determination “all wealth onchain.”

The ambitious model targets the multi-trillion-dollar planetary wealth question market, positioning Polygon’s existing infrastructure arsenic the instauration for the adjacent epoch of fiscal transactions.

Bitget’s Ryan Lee hailed the Open Money Stack arsenic a “a highly innovative and forward-thinking inaugural that integrates blockchain rails, stablecoin interoperability, compliance tools, and fiat on/off-ramps into a modular framework,” adding that it positions Polygon arsenic “a person successful enabling seamless, planetary on-chain payments, and arguing that it volition “significantly thrust mainstream adoption successful the crypto industry.”