Polygon Heimdall v2 upgrade set for July 10 aims to cut finality to 5 seconds and address technical debt

Polygon's POL token rose more than 6% ahead of the network’s major Heimdall v2 upgrade set to take place on July 10.According to The Block's price page, POL gained 6.2% in the past 24 hours, trading at $ 0.20 at the time of writing. POL has a market capitalization of $1.8 billion.POL outperformed the broader crypto market, with The Block's GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, gaining 1.7%.The Polygon network is expected to run its Heimdall v2 migration on July 10, which would be "the most technically complex hard-fork Polygon PoS has seen since its launch in 2020," said Polygon Foundation CEO Sandeep Nailwal in a Tuesday post on X.The upgrade is expected to shed its old technical debt from the 2018 to 2019 era and shorten finality to about five seconds, according to Nailwal. Polygon previously noted that the estimated time for script execution (excluding potential troubleshooting or preparation) would be roughly 30 minutes on the mainnet."Most validators have already upgraded but in case you haven't yet, test early, spread the word, and ping us if you hit snags," said Nailwal.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.