Matic Surges Above $0.41 as Pol Migration Nears – What’s Next

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• MATIC has ‌experienced a muted price movement in⁣ the​ current cycle, ⁢hovering around ⁢the​ June 2022 ⁢lows.
• MATIC holders will ‍be able to convert their balances ⁣into the multi-purpose POL token in September.

Polygon [MATIC] is in the​ process of transitioning from ‌its current state to⁤ a ⁣more advanced decentralized⁣ system.

Polygon 2.0, unveiled ‍in ⁢June 2023, includes a‌ series of proposed upgrades that redefine ​Polygon’s tokenomics, protocol architecture, and governance aspects.

Polygon’s plans for ‌multi-chain functionality

Polygon 2.0 introduces a⁤ new architecture focused on unlimited scalability and ⁤unifying liquidity across multiple chains within the Polygon network. The ​foundational steps began last year with the creation of infrastructure that enables this vision of a sophisticated ⁢ecosystem..

In⁤ September 2023, Polygon Labs published its first set of Polygon Improvement Proposals (PIPs), marking the start of implementation for Polygon 2.0.
A month later, in October, Polygon’s development team deployed ⁣smart contracts ⁤governing⁢ the new POL Token ⁣on Ethereum mainnet..

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