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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a strategic move to bolster network scalability, Polygon has implemented the Heimdall v2 upgrade and the Zurich hardfork to enhance processing efficiency. According to reports, this upgrade increases gas capacity to 160 million per block and reduces block production times to 1.5 seconds. The activation of the hardfork at block 47,880,000 led to a temporary suspension of POL token deposits and withdrawals across several exchanges to ensure a stable technical transition.
This technical advancement comes as Layer 2 networks like Arbitrum and Optimism compete for market share by optimizing throughput. By targeting a processing speed of 5,000 pulses per second (PPS), Polygon aims to lower transaction costs and attract more developers, following its recent rebranding from MATIC to POL to strengthen the token's role in network security.
Looking ahead, investors are monitoring the full resumption of POL services on centralized exchanges once network stability is confirmed. While real-time price data is currently unavailable, market attention is shifting toward broader macroeconomic catalysts, including the upcoming Ivey PMI data from Canada and the U.S. EIA Weekly Petroleum Report, which may influence overall liquidity and risk appetite in the crypto sector.