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The Ahmedabad update on the Polygon (POL) network has been finalized. Following the update, the price increased by 5%, supported by an improvement in overall market sentiment. This update is regarded as a significant advancement in the platform’s Proof-of-Stake (PoS) mainnet, expected to enhance both developer and user experiences, thereby increasing network usage.
Details of the Ahmedabad Update
The Ahmedabad update was primarily tested on the Amoy testnet before being launched on the mainnet. The update includes several enhancements aimed at improving the overall efficiency of the Polygon network. It comprises Polygon Improvement Proposals (PIPs) 30, 36, and 45.
One of the most notable changes includes increasing the maximum code size from 24KB to 32KB under PIP-30. This improvement allows developers to create more complex decentralized applications (dApps), thereby increasing Polygon’s potential.
Transition from MATIC to POL
Another significant change in the Ahmedabad update is the replacement of Polygon’s native token MATIC with POL. Additionally, WMATIC has been updated to WPOL as part of this transition. With this final step, we are witnessing a shift in the Polygon ecosystem towards a POL-based structure.
Polygon confirmed that all node operators, validators, and infrastructure providers have upgraded to the revised Bor and Erigon versions. This ensures that the blockchain continues to function smoothly with the new changes introduced by the Ahmedabad update.
POL Price Surge
Following the Ahmedabad update, the POL price witnessed an increase of over 5%. This rise was supported by an overall improvement in market sentiment, as such major updates typically yield positive results on token prices. According to IntoTheBlock, 61.38% of addresses holding POL are currently in profit, and this percentage may rise if BTC maintains a price above $65,000.
Coinbase‘s report on resolving transaction delays on the Polygon network also adds to the positive news. The swift intervention by Coinbase prevented investor losses, allowing transactions to proceed smoothly.
The improvement in the network’s technical infrastructure is quite positive, creating a better environment for developers. In the future, we will better interpret the net results of the September 26 update by analyzing the growth data of the Polygon ecosystem.
