Polygon’s POL token demonstrates bullish momentum as the network prepares for the forthcoming Heimdall v2 upgrade, designed to boost scalability, security, and stability across the ecosystem. The upgrade transitions Polygon’s consensus layer to CometBFT and Cosmos-SDK v0.50, directly strengthening network security, traceability, and technical efficiency.
The initiative supports Polygon’s roadmap to scale its Proof-of-Stake chain to 1,000 transactions per second by July, with ambitions exceeding 5,000 TPS by October via the AggLayer interoperability solution. This technical overhaul aims to alleviate historical bottlenecks while accelerating transaction throughput for decentralized applications.
Market activity reflects strong investor confidence, with POL’s price climbing 7% in 24 hours and 11% weekly. Trading volume surged over 70%, accompanied by nearly 11% growth in derivatives open interest. Technically, POL broke above major moving averages, while its RSI reading of 57 suggests potential for further upside before approaching overbought conditions.
The Heimdall v2 upgrade successfully completed testing on Polygon’s Amoy testnet after critical enhancements. Node operators must transition to the latest version to maintain compatibility post-fork. Mainnet deployment is scheduled between 2:00 PM and 5:00 PM UTC at block height 24,404,500.