Polygon investors have reason to celebrate. Just one day before the highly anticipated Heimdall v2 mainnet upgrade scheduled for July 10, the POL token is experiencing a sharp rally and increased market activity.
🔹 POL up 7% in 24 Hours
At the time of writing, POL is trading at $0.2001, marking a 7% gain in the last 24 hours and 11% over the past week. Spot trading volume has jumped to $92 million (a 71% increase), while derivatives volume reached $83.75 million (up 68%). Open interest also rose by nearly 11%, signaling intensified market engagement and speculation.
🔧 What’s Coming in the Heimdall v2 Update?
Heimdall v2 is considered the most technically complex hard fork since Polygon’s 2020 launch. According to co-founder Sandeep Nailwal, it represents a major step forward for the network.
Key features of the upgrade include:
🔹 Transition from Tendermint + Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50
🔹 Removal of legacy code from 2018–2019
🔹 Enhanced security, stability, and auditability
Heimdall v2 lays the groundwork for Polygon’s throughput goals—scaling from 1,000 transactions per second in July to over 5,000 TPS by October, powered by AggLayer.
🕒 What to Expect on July 10?
The mainnet deployment is scheduled between 2:00 PM and 5:00 PM UTC, at block height 24,404,500. Node operators have been advised to upgrade to Heimdall v1.2.5 (or revert to 1.2.4) to ensure compatibility. Network finality may experience delays of up to 3 hours, which could impact transaction confirmations.
The update was successfully tested on the Amoy testnet on June 24, and two major proposals—PIP-62 and PIP-44—underwent rigorous trials ahead of the launch.
📈 POL Technical Outlook
POL has broken through key technical levels:
🔹 20-day EMA at $0.1686
🔹 20-day SMA at $0.1823
🔹 Upper Bollinger Band at $0.1960
These signals point to rising volatility and continued bullish momentum. The Relative Strength Index (RSI) sits at 56.78, showing room for more upside before entering overbought territory.
If POL holds above the $0.196 support, it could soon test the $0.22–$0.24 range. On the downside, failure to maintain the $0.19 level could trigger a fallback to the lower Bollinger Band at $0.168.
Polygon is clearly aiming to compete with the top networks. A successful mainnet upgrade could launch POL to new heights and further solidify its role in the DeFi ecosystem. 🔥
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