Polygon has announced a significant upgrade to its network – Heimdall v2, scheduled for July 10, 2025. The upgrade aims to improve security and scalability.
POL Token Trading Metrics
At the time of writing, Polygon's token (POL) is trading at $0.2001, up 7% in the last 24 hours and 11% over the past week. Trading volume has increased by 71.4% to $92 million, with derivatives volume rising by 67.87% to $83.75 million according to Coinglass data. Open interest has also climbed by 10.98%, now standing at $98.7 million.
Heimdall v2 Upgrade Features
The upcoming Heimdall v2 upgrade is considered the most technically complex hard fork since the launch of Polygon proof-of-stake in 2020. It updates the consensus layer from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50. Additionally, the upgrade removes legacy code, which improves network maintainability.
Price Analysis and POL Token Dynamics
On the daily chart, POL is showing early signs of a breakout. The current price has surpassed the 20-day moving averages. The relative strength index is nearing overbought territory but still has room to rise. If the price holds above the $0.196 resistance, it may test the $0.22–$0.24 range.
The upcoming Heimdall v2 upgrade will be a significant step for Polygon, enhancing the security and scalability of the network. A successful launch on July 10 could impact the future price of the POL token.
