It’s finally happening, folks! 🎉 The Heimdall v2 mainnet upgrade is just around the corner, and Polygon‘s POL token is getting this party started with a 7% price surge in the past 24 hours and 11% over the past week. I mean, who doesn’t love a good rally? 🚀
As I’m writing this, POL is trading at $0.2001, with trading volume jumping 71.4% to $92 million and derivatives volume up 67.87% to $83.75 million. Open interest has also climbed 10.98% to $98.7 million. It’s like the whole market is screaming, “Heimdall, we’re coming for you!” 🚫
But what’s the big deal about Heimdall v2, you ask? Well, let me tell you, it’s a major step in Polygon’s roadmap. Co-founder Sandeep Nailwal calls it “the most technically complex hard fork” since Polygon’s proof-of-stake launch in 2020. It’s like a facelift for the consensus layer, upgrading from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50. Sounds like a mouthful, I know, but trust me, it’s a big deal! 🤯
Shipping Announcement! 🚢
We’ve been on a shipping spree—and next up is Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025.
‼️ This is the most technically complex hard-fork Polygon PoS has seen since it’s launch in 2020 ‼️
What’s changing?
1. Heimdall sheds all…— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) July 8, 2025
Heimdall v2 is also like a Marie Kondo for the network, removing legacy code from 2018-2019 and making it easier to maintain. The new CometBFT consensus layer is like a security blanket, improving security, stability, and traceability. It’s like Polygon is saying, “We’ve got this, regulators!” 💪
The upgrade is also part of Polygon’s plan to scale PoS throughput to 1,000 transactions per second in July, with an eventual target of over 5,000 TPS by October via AggLayer. It’s like they’re saying, “We’re not just a pretty face, we’re also fast and scalable!” 🏃♀️
The mainnet upgrade is scheduled to take place between 2:00 PM and 5:00 PM UTC at block height 24,404,500. Node operators, don’t forget to switch to Heimdall v1.2.5 or fallback to version 1.2.4 for post-fork compatibility! And dApps, you might want to temporarily raise those confirmation thresholds, just in case. 📝
The update was successfully deployed on the Amoy testnet on June 24, so the team is feeling pretty confident about the transition. Two significant improvements that were tested include PIP-62 and PIP-44, which are focused on dependency handling and genesis state import. It’s like they’re saying, “We’ve got this, we’ve tested it, and it’s going to be smooth sailing!” 🚣♀️
Now, let’s talk about the daily chart. POL is showing early signs of a breakout, surpassing both the 20-day exponential moving average at $0.1686 and the 20-day simple moving average at $0.1823. The Bollinger Bands are starting to widen, suggesting increased volatility ahead. And the intraday break of the upper band at $0.1960 indicates upward momentum. It’s like the chart is saying, “POL, you go girl!” 💃
The relative strength index is getting close to overbought territory at 56.78, but still has room to rise further. If bulls hold above the $0.196 resistance-turned-support, POL might retest the $0.22-$0.24 range. On the downside, the price might drop back to the lower Bollinger Band at $0.168 if $0.19 is not held. It’s like the market is saying, “We’re not sure what’s going to happen, but it’s going to be interesting!” 🤔
Price action may still depend on network stability and the successful rollout on July 10th, even though technical indicators suggest a bullish outlook. So, buckle up, folks! It’s going to be a wild ride! 🎢
Read More
- USD IDR PREDICTION
- USD MXN PREDICTION
- Gold Rate Forecast
- EUR IDR PREDICTION
- USD UAH PREDICTION
- USD RUB PREDICTION
- USD CAD PREDICTION
- METH PREDICTION. METH cryptocurrency
- ADA PREDICTION. ADA cryptocurrency
- EUR USD PREDICTION
2025-07-09 11:20