Later today, on December 9, the Polygon network will implement a major network upgrade, aka the Madhugir hardfork, set to trigger at the 80,084,800 block height. The upgrade will improve the overall network performance and also adds support for the Ethereum Fusaka EIPs.
In an announcement earlier today, the Polygon Foundation said that the Madhugiri hardfork will go live on the Polygon PoS mainnet soon. As per the initial claims, the hardfork will improve the network throughput by 33%. Besides, it will also introduce changes along similar lines.
The upgrade also includes stability improvements and adds support for Ethereum’s Fusaka EIPs. These are expected to enhance the overall network security.
As reported by CNF, the Ethereum Fusaka upgrade updates Ethereum’s underlying framework for Layer 1–Layer 2 interaction. Its primary goals are to reduce Layer 2 transaction fees, increase data storage capacity, and improve rollup efficiency. It does all these without placing any additional pressure on the network nodes.
In addition to the network throughput, the Madhugiri hardfork on the Polygon blockchain will enable future block-time adjustments without requiring additional hard forks. It will also improve stability through faster and more reliable node synchronization, and adds proactive EVM security enhancements.
The update introduces several key components, including PIP-75, which reduces consensus time to one second. At the same time, the PIP-74 enables the canonical inclusion of StateSync transactions within block bodies.
It also incorporates multiple Ethereum Improvement Proposals: EIP-7883 increases the gas cost for ModExp, EIP-7825 establishes a transaction gas limit cap, and EIP-7823 sets upper bounds for MODEXP, as reported by the Polygon Foundation.
In addition to this, Polygon core developer Krishang noted that they are introducing a new transaction type. This will allow the Ethereum-Polygon bridge transactions to happen easily.
Polygon’s native crypto token POL has seen a strong 30% correction over the past month, and is out of the top 50 crypto list. At present, the POL price is trading around $0.1224. However, some market experts believe that the worst could be behind us.
Alpha Crypto Signals writes via X that the POL chart is forming a descending triangle, a pattern that typically signals bearish momentum. However, the analyst noted that repeated downside wicks have already cleared most of the liquidity below current levels.
The analyst further added that the POL price structure seems to be stabilizing, with signs of bottom formation. A confirmed trendline break and reclaim as support would be the key trigger for a relief rally.
