The cryptocurrency POL of the Polygon project has surged by over 8% as preparations are underway for the Heimdall v2 upgrade, scheduled for July 10.
Shipping fever for Polygon.
faster finality incoming ? upgrade inbound https://t.co/xTR2cXQZZS
— Polygon (@0xPolygon) July 8, 2025
The upgrade is touted 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 Heimdall v2 aims to eliminate outdated solutions from 2018-2019, reducing finalization to approximately five seconds.
Developers previously clarified that implementing the upgrade on the mainnet will take about 30 minutes “excluding potential failures.”
“Most validators have already upgraded. If you haven’t done so yet, test in advance, alert others, and report your issues,” noted Polygon Foundation CEO Sandeep Nailwal.
At the time of writing, POL is trading around $0.2. The coin’s market capitalization exceeds $1.8 billion, according to CoinGecko.
In June, project co-founder Sandeep Nailwal took full control of the Polygon Foundation and introduced changes to the project’s strategic priorities.
Soon after, the Polygon zkEVM team spun off into an independent startup, ZisK.
In December 2024, the largest liquid staking protocol, Lido, ceased support for Polygon PoS.