Bootstrap
Trading Non Stop
ar | bg | cz | dk | de | el | en | es | fi | fr | in | hu | id | it | ja | kr | nl | no | pl | br | ro | ru | sk | sv | th | tr | uk | ur | vn | zh | zh-tw |

Why were POL bridge deposits delayed?

Deposits to the Polygon (prev. MATIC) (POL) bridge were delayed because Polygon’s Proof-of-Stake (PoS) network was undergoing a major upgrade called the Madhugiri hard fork. During this upgrade, many exchanges temporarily paused POL deposits to keep user funds safe and ensure everything worked smoothly. This upgrade introduced a new type of bridge transaction, so exchanges and other services had to update their systems before they could process deposits again (Madhugiri hard fork, exchange notice).

  1. The upgrade added a new bridge transaction type, requiring updates from exchanges and services before deposits could be credited (technical update).
  2. It’s common for exchanges to pause deposits during network upgrades to avoid errors and protect users (exchange notice).
  3. The fork changed how the network reaches consensus and processes transactions, which can briefly affect how quickly deposits are confirmed (upgrade details).

Deep Dive

1. Upgrade Effects

The Madhugiri hard fork aimed to boost Polygon’s capacity by 33% and speed up consensus time to about one second. It also introduced a new transaction type specifically for bridging assets from Ethereum to Polygon. Because of this, exchanges and other services had to update their systems before deposits could flow normally again (Madhugiri hard fork, bridge transaction type).

What this means: Changes to how bridge transactions are handled can cause delays in crediting deposits until all related infrastructure—like exchanges, custodians, and data providers—complete their updates and testing.

2. Exchange Maintenance Window

During network upgrades like this, exchanges usually pause deposits and withdrawals. This prevents funds from getting lost or stuck if the network is temporarily unstable. For the Madhugiri fork, exchanges announced they would suspend POL deposits and withdrawals to support the upgrade process (exchange notice).

What this means: If your POL deposit was delayed, it likely went through once the exchange finished updating and confirmed the network was stable again.

3. Finality and Bridge Timing

Bridge deposits depend on the network reaching “finality,” meaning transactions are confirmed and can’t be reversed. The Madhugiri upgrade changed how consensus timing and gas fees work to improve speed and reliability. While this improves the network overall, it can cause short-term delays in confirming bridge deposits until all parts of the system—validators, relayers, and exchanges—are fully synchronized (upgrade details).

What this means: Any brief delays were precautionary and usually resolved once all systems completed their upgrades.

Conclusion

The deposit delays were due to planned maintenance, not a problem with the network. Polygon’s Madhugiri hard fork introduced a new bridge transaction type and changed consensus timing, so exchanges paused POL deposits during this upgrade. Once all systems updated and the network stabilized, deposits resumed as usual.


What could affect the price of POL?

Polygon’s price depends on network improvements, user adoption, and overall market mood.

  1. Madhugiri Hardfork Impact – Network speed improved by 33%, but some token selling continues.
  2. Institutional Partnerships – Companies like Revolut and Stripe boost usage, but competition from other Layer 2 solutions is growing.
  3. Token Migration Completion – Nearly all MATIC tokens have moved to POL, though some selling pressure remains.

Deep Dive

1. Madhugiri Upgrade & Network Efficiency (Mixed Impact)

Overview: On December 9, Polygon rolled out the Madhugiri hardfork, which increased transaction capacity by 33% (up to 45 million gas per block) and cut block finality time to 1 second. It also adopted Ethereum’s Fusaka EIPs to limit gas fees for complex tasks. Despite these improvements, POL’s price dropped about 6% after the upgrade, showing a cautious market response.

What this means: The upgrade makes Polygon more scalable, which is good news for stablecoins and business uses like Mastercard’s crypto credential system. However, technical signals such as the 30-day simple moving average ($0.137) and the Relative Strength Index (RSI) at 37.11 suggest investors remain uncertain.

2. Adoption vs. Competition (Bullish/Bearish Tension)

Overview: Polygon leads in small payments (under $1,000), handling $1.82 billion in Q3 2025—a 49% increase from the previous quarter. Revolut now supports POL for European users, and Stripe processes over $50 million in stablecoin transactions on Polygon. Still, competitors like Arbitrum and Base are gaining ground in decentralized finance (DeFi) and institutional sectors.

What this means: Real-world use cases, such as 150 million merchants connected through the DCS platform, could increase demand for POL as a transaction fee token. However, Ethereum Layer 2 solutions now control 62% of total value locked (TVL), according to Token Terminal, which puts pressure on Polygon’s fee income.

3. MATIC→POL Migration & Staking Dynamics (Bearish Short-Term)

Overview: Almost 98% of MATIC tokens have been converted to POL. Some exchanges like Bithumb have paused deposits and withdrawals until December 16 to complete final upgrades. Staking rewards and airdrops (for example, on Katana) are designed to encourage holding, but POL’s circulating supply remains high at 10.55 billion tokens (99% of total supply).

What this means: While finishing the migration may reduce selling pressure, POL’s price has fallen 30.29% over the past 30 days, indicating weak confidence among stakers. Trading volume is low (6.59% turnover), suggesting limited liquidity and potential for price swings.

Conclusion

Polygon’s future depends on turning technical upgrades into more users while competing with other Layer 2 networks and managing the effects of token migration. Short-term challenges include low liquidity and Bitcoin’s strong market dominance (58.69%). Still, partnerships like Revolut’s and growing payment volumes offer promising opportunities.

Watch: Will Polygon maintain over $1 billion in quarterly payment volume after Madhugiri, or will Ethereum’s upcoming Dencun upgrade draw away institutional interest?


What are people saying about POL?

Polygon’s POL token is navigating the momentum of its migration process and growing use by businesses, while traders watch key technical levels. Here’s the latest:

  1. Polygon 2.0’s multi-chain strategy depends on how well AggLayer is adopted and how validators are rewarded
  2. 97.8% of MATIC tokens have been migrated to POL, sparking optimistic price expectations
  3. Big companies like Stripe and BlackRock are using Polygon, supporting a narrative of steady, quiet growth

Deep Dive

1. @Nicat_eth: Polygon 2.0’s Cross-Chain Strategy (Mixed Outlook)

“POL is becoming the main economic driver for Polygon’s multi-chain future. How well AggLayer is adopted will decide if the token price goes up or stays steady.”
– @Nicat_eth (7.5K followers · 24.7M impressions · Dec 2, 2025)
View original post
What this means: The outlook is mixed. Improvements in AggLayer’s cross-chain user experience could increase POL’s usefulness as the ecosystem’s key coordination token. However, competition from other networks like Arbitrum and Optimism, plus ongoing selling pressure from the MATIC to POL migration (POL price down 30% in 30 days), limit excitement.

2. @StarPlatinum_: Enterprise Adoption Often Overlooked (Bullish)

“Polygon faces the opposite problem: it has many big-name partners [Mastercard, Stripe], but not enough people notice.”
– @StarPlatinum (86.3K followers · 85.6M impressions · Nov 14, 2025)
[View original post](https://x.com/StarPlatinum/status/1989397745157980496)
What this means: This is a positive sign for POL’s role in payments. In Q3, Polygon processed $1.82 billion in payment volume, a 49% increase from the previous quarter, and integrated with 150 million merchants through its Decentralized Commerce System (DCS). Yet, the token price has dropped 55.5% over 90 days, not reflecting this growth.

3. @TokoCrypto: Migration Nears Completion (Bullish)

“Migrasi MATIC ke POL 97.8% rampung! Analis prediksi 2x lipat” (Translation: “MATIC→POL migration 97.8% complete! Analysts predict 2x rally”)
– @TokoCrypto (Unknown followers · 6.6M impressions · Sep 1, 2025)
View original post
What this means: This is a positive trigger. With only 2.17% of tokens left to migrate, selling pressure may decrease. However, POL’s price has fallen 80.87% year-over-year, showing that investors remain cautious about whether the tokenomics changes will pay off.

Conclusion

The general view on POL is cautiously optimistic. The growing use by businesses is balanced against concerns about leftover migration selling and competition from other Layer 2 solutions. While $1.82 billion in Q3 payment volume and over 45,000 decentralized apps show real-world use, POL’s 6.14% drop in the last 24 hours highlights ongoing uncertainty. Keep an eye on AggLayer’s share of cross-chain transactions—Polygon says it allows “seamless liquidity merging” between blockchains, which could increase demand for staking if adoption picks up after migration.

{{technical_analysis_coin_candle_chart}}


What is the latest news about POL?

Polygon is making important network upgrades and forming new partnerships, even as it faces some challenges with migration. Here’s a quick summary of the latest updates:

  1. Madhugiri Hardfork Activated (December 9, 2025) – Network speed improved by 33% and transaction finality now takes just 1 second.
  2. Revolut Adds POL Payments (December 11, 2025) – European users can now buy crypto directly into Trust Wallet using Polygon.
  3. Bithumb Pauses POL Transfers (December 16, 2025) – Temporary hold on deposits and withdrawals for network maintenance.

In-Depth Look

1. Madhugiri Hardfork Activated (December 9, 2025)

What happened:
Polygon’s Proof-of-Stake (PoS) network upgraded to increase its block gas limit from 30 million to 45 million, boosting capacity by 33%. It also reduced the time it takes to confirm transactions to just one second. The upgrade includes new Ethereum improvements (EIPs 7823, 7825, 7883) that help control transaction costs for complex operations and improve security for the Ethereum Virtual Machine (EVM), which runs smart contracts.

Why it matters:
This upgrade makes Polygon more attractive for high-volume applications like stablecoins and real-world assets (RWAs). Faster transaction finality and flexible block sizes could draw more institutional users. However, despite these improvements, the price of POL has dropped about 30% in the past month, so the market hasn’t fully reacted yet.
(Coinspeaker)

2. Revolut Adds POL Payments (December 11, 2025)

What happened:
Revolut, a popular financial app, teamed up with Trust Wallet to let users in the European Union instantly buy cryptocurrencies like POL, USDC, and USDT through the Polygon network. Users keep control of their crypto wallets instead of relying on exchanges.

Why it matters:
This move could help more everyday users access Polygon, which is a positive sign for POL. However, Polygon faces competition from other networks like Solana and Ethereum. Revolut’s strong revenue ($4 billion in 2024) and Trust Wallet’s 220 million users could help increase adoption over time. Still, POL’s price dipped 6% in the last 24 hours, showing a cautious short-term market response.
(CoinDesk)

3. Bithumb Pauses POL Transfers (December 16, 2025)

What happened:
Bithumb, a major South Korean crypto exchange, will temporarily stop POL deposits and withdrawals starting December 16 to perform network maintenance. Trading of POL will continue as usual.

Why it matters:
This pause is a neutral event in the short term but shows that Polygon is continuing to improve its infrastructure. The temporary hold on transfers might cause some short-term price swings if other exchanges follow suit and limit liquidity.
(CoinMarketCap)

Conclusion

Polygon is focusing on making its network faster and more scalable with the Madhugiri upgrade, while also expanding real-world crypto payments through partnerships like Revolut. At the same time, it’s managing some challenges related to migration and network maintenance. With POL’s price down 81% over the past year, these developments could help revive interest, especially as Polygon competes with other Ethereum Layer 2 solutions. Keep an eye on adoption of AggLayer technology and how selling pressure might change after Bithumb resumes POL transfers.


What is expected in the development of POL?

Polygon is moving forward with several key updates:

  1. AggLayer Fast Interoperability (Q1 2026) – This will enable quick and secure transfers between different Polygon chains without relying on trusted middlemen.
  2. Staking Hub Launch (2026) – POL holders will be able to stake their tokens across multiple Polygon chains and earn rewards in various tokens.
  3. Gigagas Throughput Targets (2026) – Polygon PoS aims to handle up to 100,000 transactions per second (TPS), making it suitable for large-scale payment systems.
  4. zkEVM Sunset (2026) – Polygon will phase out its zkEVM chain to focus more on PoS and AggLayer development.

Deep Dive

1. AggLayer Fast Interoperability (Q1 2026)

Overview:
AggLayer v0.3, originally planned for mid-2025, will introduce a fast interoperability feature. This is a trustless bridge that connects different Polygon chains, allowing assets and data to move quickly and securely between them. The goal is to cut down cross-chain transaction times from several minutes to just seconds (Coinspeaker).

What this means:
This upgrade is positive for POL because smoother cross-chain experiences can attract more developers and institutional users, boosting network activity. However, delays or technical challenges could slow down enthusiasm.

2. Staking Hub Launch (2026)

Overview:
The upcoming staking hub will let POL holders stake their tokens across multiple Polygon chains, such as PoS and Miden, at the same time. They will earn rewards not only in POL but also in partner tokens. This supports Polygon 2.0’s goal of creating a unified ecosystem (Polygon Blog).

What this means:
This is somewhat positive because it encourages long-term holding and network security. Its success depends on how many validators join and the demand for staking across different chains.

3. Gigagas Throughput Targets (2026)

Overview:
Polygon’s Gigagas plan aims to reach 100,000 TPS on its PoS chain by 2026. This would support real-world asset settlements and small payments at scale. Recent improvements like Heimdall v2 have already increased throughput to 5,000 TPS (CoinMarketCap).

What this means:
If achieved, this would be very positive for POL, positioning it as a strong platform for high-volume financial transactions. Still, there are risks from competing solutions, including Ethereum’s own scaling upgrades.

4. zkEVM Sunset (2026)

Overview:
Polygon plans to retire its zkEVM chain in 2026 to focus resources on PoS and AggLayer. Projects currently on zkEVM will move to chains compatible with AggLayer (Community Post).

What this means:
This is a short-term negative for developers working on zkEVM but positive for POL in the long run, as it simplifies and strengthens the overall ecosystem.

Conclusion

Polygon’s roadmap focuses on improving scalability (Gigagas), cross-chain connectivity (AggLayer), and staking options to make POL the core token of its multi-chain future. Key challenges include potential delays and competition from other Ethereum Layer 2 solutions. The big question is whether AggLayer can attract more developers than rivals like Arbitrum.

{{technical_analysis_coin_candle_chart}}


What updates are there in the POL code base?

Polygon’s technology received major updates in 2025, focusing on making the network faster, more secure, and easier to use.

  1. Madhugiri Hardfork (Dec 9, 2025) – Increased transaction speed by 33% and introduced flexible block timing.
  2. Heimdall v2 Mainnet (July 10, 2025) – Improved transaction finality speed and upgraded the core consensus system.
  3. MATIC→POL Migration (Ongoing) – Nearly 98% complete, expanding the token’s uses and strengthening the network.

Deep Dive

1. Madhugiri Hardfork (Dec 9, 2025)

What happened: This update boosted the network’s capacity by a third and cut the time it takes to confirm transactions to just 1 second. Future upgrades can now be done by adjusting settings instead of requiring major software changes.
Key improvements included flexible block intervals (PIP-75) and better syncing for network nodes (PIP-74). Polygon also adopted Ethereum improvements (EIPs 7823, 7825, 7883) to lower transaction costs and secure complex operations.
Why it matters: Faster and cheaper transactions make Polygon more attractive for everyday payments and institutional uses like stablecoins, which is good news for POL holders. (Source)

2. Heimdall v2 Mainnet (July 10, 2025)

What happened: Polygon upgraded its consensus mechanism from Tendermint to CometBFT, reducing the time it takes for transactions to be finalized to about 5 seconds and removing outdated code.
This upgrade lowered technical risks and improved security, especially important for regulated financial applications. Node operators needed to update their software to avoid syncing problems.
Why it matters: While there were some short-term risks during the upgrade, this change strengthens Polygon’s position in decentralized finance (DeFi) by making transactions final faster and more securely. (Source)

3. MATIC→POL Migration (Ongoing)

What happened: As of August 2025, nearly 98% of MATIC tokens have been swapped for POL. This shift centralizes key network functions like staking, transaction fees, and cross-chain security around POL.
The migration supports Polygon 2.0’s goal of a unified ecosystem by enabling POL to secure multiple blockchains through a system called AggLayer.
Why it matters: Reducing the supply of MATIC tokens may lower selling pressure, while the expanded role of POL encourages holders to keep their tokens longer, which is positive for the network’s health. (Source)

Conclusion

Polygon’s 2025 upgrades focus on making the network faster (Madhugiri), more secure (Heimdall v2), and more connected (POL migration). With transaction speeds approaching 5,000 per second and growing adoption by businesses, POL’s foundation is getting stronger. The integration of AggLayer could be the next big step in enabling seamless activity across multiple blockchains.


Why did the price of POL fall?

Polygon (POL) dropped 2.64% in the last 24 hours, underperforming the overall crypto market, which fell by 0.3%. Here are the main reasons:

  1. Network Upgrade Concerns – Bithumb, a major exchange, paused POL deposits and withdrawals ahead of scheduled maintenance on December 16, causing traders to be cautious.
  2. Technical Downtrend – POL’s price fell below a key support level at $0.151, signaling continued downward momentum.
  3. Market Mood – The Crypto Fear & Greed Index is at 29, indicating “Fear,” with investors shifting funds toward Bitcoin, which now holds 58.87% market dominance.

In-Depth Analysis

1. Exchange Suspension Impact (Bearish)

Bithumb, a leading South Korean crypto exchange, temporarily stopped POL deposits and withdrawals starting December 16 to perform network upgrades (Bithumb). Although trading is still allowed, this move likely caused some traders to sell POL early to avoid being unable to access their funds during the suspension.

This behavior is common as short-term investors prefer to keep their options open rather than risk being locked out of their assets. As a result, POL’s trading volume over 24 hours dropped by 3.15% to $81.37 million, showing less buying interest.

What to watch: When Bithumb resumes normal POL operations and whether other exchanges will also pause POL transactions.

2. Technical Weakness (Bearish)

POL’s price slipped below the 50% Fibonacci retracement level at $0.151, a key technical support point. It is also trading below important moving averages—the 7-day average at $0.123 and the 30-day average at $0.137. The Relative Strength Index (RSI) is at 37.11, which suggests the coin is oversold but doesn’t yet show signs of a price rebound.

This technical picture points to continued selling pressure. The next support level to watch is the 61.8% Fibonacci level at $0.143. If POL can close above $0.151, it might stabilize and reduce downward momentum.

What to watch: The MACD histogram recently turned slightly positive (+0.0013664), which could signal a short-term bounce if it holds.

3. Broader Market Drag (Mixed Impact)

The overall crypto market dropped 0.3%, with the Crypto Fear & Greed Index showing a “Fear” sentiment at 29 (CMC Fear & Greed). Bitcoin’s market dominance increased to 58.87%, meaning investors are favoring Bitcoin over other cryptocurrencies like Polygon.

Polygon’s underperformance fits the trend of altcoins losing value (down about 30% over the past month) as investors seek safer bets. However, Polygon recently improved its network speed by 33% with the Madhugiri hardfork on December 9, which could attract developers and long-term users (Coinspeaker).

What to watch: The ETH/BTC price ratio—if Ethereum gains strength against Bitcoin, Polygon, as a leading Ethereum Layer 2 solution, could benefit.

Conclusion

Polygon’s recent price drop is driven by a combination of exchange-related caution, technical weakness, and a cautious market environment favoring Bitcoin. While network upgrades like Madhugiri improve Polygon’s fundamentals, short-term price action depends heavily on Bitcoin’s dominance and overall market sentiment.

Key points to monitor: Whether POL can regain the $0.151 support level and if the AggLayer’s cross-chain adoption (active since Q3 2025) will boost developer interest and usage.

{{technical_analysis_coin_candle_chart}}