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Polygon starts burning MATIC after successfully implementing Ethereum update

Polygon starts burning MATIC after successfully implementing Ethereum update

The layer-2 scaling solution Polygon (MATIC) has successfully implemented a much-publicized Ethereum update and is now burning native MATIC tokens.

The annualized burn will represent 0.27% of the total MATIC supply. MATIC is trading at $1.93, down 6.87% in the past 24 hours.

This is community-generated content, not advice from ONUS.
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