Polygon Projects Token Surges 8% Ahead of Major Heimdall v2 Upgrade

The POL token associated with the Polygon project has seen an increase of over 8% in anticipation of the upcoming Heimdall v2 update, scheduled for July 10th.

This upgrade is described as «the most technically complex hard fork since the launch of Polygon PoS in 2020.» Heimdall v2 aims to eliminate outdated solutions from 2018-2019, reducing finalization time to approximately five seconds.

Earlier, the developers clarified that the implementation of the update on the main network would take around 30 minutes, «excluding any potential disruptions.»

At the time of writing, POL is trading at about $0.20, with a market capitalization exceeding $1.8 billion, according to CoinGecko.

It’s worth noting that in June, co-founder Sandeep Nailwal took full control of the Polygon Foundation and introduced changes to the project’s strategic priorities.

Shortly thereafter, the Polygon zkEVM team transitioned to operate as an independent startup called ZisK.

Additionally, in December 2024, the largest liquid staking protocol, Lido, ceased support for Polygon PoS.