Polygon's RWA Expansion Sparks Controversy Over 'POL Inflation'

Despite the expansion of RWA and staking, the reliability of tokenomics is under scrutiny.

Polygon has continued its growth since October, fueled by the proliferation of tokenized assets and institutional interest. However, market confidence is being shaken by the inflationary structure of its native token, POL, and the departure of major projects.

On the 3rd, tokenization infrastructure company AlloyX launched a tokenized money market fund on the Polygon blockchain, under the custody of Standard Chartered Bank. Issued in the form of Real Yield Tokens (RYT), the fund invests in short-term safe assets such as U.S. Treasury bonds and commercial paper, and can also be used as collateral within decentralized finance (DeFi).

On the 7th, Cointelegraph reported that POL's underperformance has led to growing calls within the community to abolish inflation. POL maintains a 2% annual inflation rate and issues approximately 200 million new tokens annually. Venturefounder, a POL investor, pointed out that "a deflationary model like BNB, AVAX, and Ethereum is needed." Marc Boiron, CEO of Polygon Labs, mentioned the possibility of adjusting inflation, but no concrete agreement has been reached.

On the 9th, Amina Bank, a Swiss bank, launched a POL staking service in collaboration with the Polygon Foundation. Licensed by the Swiss Financial Market Supervisory Authority (FINMA), Amina Bank offers rewards of up to 15%, encouraging institutional investors to contribute to network stability. "With a 4% validator return and a 10% incentive for one-year holding, a total return of 15% is possible," explained Maria Adamji, Head of Investor Relations at Polygon Labs.

On the 14th, Bhutan's Ministry of Information and Communications Technology announced the migration of its National Digital Identity (NDI) system from Polygon to Ethereum. The move is scheduled to be completed by the first quarter of next year, and the Bhutanese government cited Ethereum's security and compatibility with international identity frameworks as key reasons for the move. Chhering Dorji, Director General of the Bhutan Government Technology Authority, stated, "The Ethereum migration is a measure to strengthen the trust layer of the national identity system."

Experts diagnosed that "Polygon has secured a leading position in the real-world asset (RWA) sector, but the inflation structure of POL and uncertainty in tokenomics will act as key variables for future growth."

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr