“`html
What happened?
Polygon’s native token, POL, saw a substantial increase of 7.25% in anticipation of the Heimdall v2 upgrade, which is set to go live on July 10, 2025. This upgrade promises to drastically reduce transaction times and address longstanding issues within the network. Despite the impending phase-out of zkEVM, Polygon’s network metrics remain strong with high daily active addresses and a significant DeFi total value locked.
Who does this affect?
This development primarily impacts Polygon network users, developers, and investors. Users and developers will benefit from faster transaction speeds and improved network performance, enhancing the overall user experience and enabling more efficient dApp operation. Investors are affected as the upgrade could drive further demand for POL, potentially impacting its market price.
Why does this matter?
The successful implementation of the Heimdall v2 upgrade could bolster market confidence in Polygon, potentially leading to increased investment and adoption. By addressing critical technical challenges and delivering faster transaction finality, Polygon strengthens its position as a leading Ethereum Layer-2 solution. This could result in positive price movements for POL and further solidify its role within the broader cryptocurrency market ecosystem.
“`