Polygon's POL Token Surges Ahead of Groundbreaking Heimdall v2 Upgrade!

Price Action and Trading Volumes Soar as Polygon Gears Up for July 10th!

Hold onto your hats, crypto fans! Polygon's POL token is rocketing upwards just a day before the monumental Heimdall v2 mainnet upgrade set for July 10th. This is not a drill!

Right now, Polygon (POL) is smashing through the charts at $0.2001, up a sizzling 7% in the last 24 hours and a blazing 11% over the past week. The trading volume? It's exploded by 71.4% to a whopping $92 million, and derivatives volume isn't far behind, soaring 67.87% to $83.75 million. Open interest? Up 10.98%, now at $98.7 million. Folks, the spot and derivatives networks are buzzing like never before!

Heimdall v2: The Game-Changing Upgrade Polygon Has Been Waiting For

This upcoming upgrade isn't just another tick on the roadmap—it's a giant leap forward! Since Polygon's proof-of-stake kicked off in 2020, Heimdall v2 has been hailed by co-founder Sandeep Nailwal as "the most technically complex hard fork" we've seen. It's transforming the consensus layer from Tendermint and Cosmos-SDK v0.37 to the slick new CometBFT and Cosmos-SDK v0.50. Buckle up!

Shipping Announcement! 🚢

We’re on a roll—and next up, Polygon PoS’s consensus layer, Heimdall v2, is dropping on July 10, 2025.

‼️ This is the most technically complex hard-fork Polygon PoS has ever seen since its launch in 2020 ‼️

What’s changing?
1. Heimdall sheds all…

But wait, there's more! Heimdall v2 is cutting out the old-school code from 2018–2019, slashing technical debt and making the network smoother to maintain. The new CometBFT consensus layer isn't just a facelift—it's a powerhouse upgrade, boosting security, stability, and traceability, perfect for those high-stakes regulated sectors.

And let's talk about scaling—Polygon's aiming for the stars with a goal of hitting 1,000 transactions per second in July, and they're not stopping there. They're gunning for over 5,000 TPS by October with the help of AggLayer. Get ready for some serious throughput!

What to Expect on Upgrade Day

Mark your calendars! The mainnet upgrade is going live between 2:00 PM and 5:00 PM UTC at block height 24,404,500. Node operators, listen up: switch to Heimdall v1.2.5 or fall back to version 1.2.4 to stay compatible post-fork. And heads up—finality might lag up to 3 hours during the switchover, so dApps, crank up those confirmation thresholds for a bit.

The team's already crushed it on the Amoy testnet on June 24, so they're feeling good about this. They've fine-tuned PIP-62 and PIP-44, tackling dependency handling and genesis state import like pros.

Technical Indicators Point to a Bullish Breakout

Zoom in on the daily chart, and you'll see POL is on the verge of a breakout. It's blasted past the 20-day exponential moving average at $0.1686 and the 20-day simple moving average at $0.1823. The Bollinger Bands? They're spreading out, signaling a volatility fiesta ahead. And that upper band break at $0.1960? Pure upward momentum!

The relative strength index is at 56.78, inching towards overbought territory but still got some juice left. If the bulls can hold above the $0.196 resistance-turned-support, we might just see POL charging towards the $0.22–$0.24 range. But watch out—drop below $0.19, and it could slide back to the lower Bollinger Band at $0.168.

Even with these bullish signals, remember, the price action could still hinge on how smoothly the network stabilizes and rolls out the upgrade on July 10th. Stay tuned, crypto warriors—this is going to be epic!