Polygon’s 2.0 Upgrade Draws Near, Drives MATIC Price Up by 10%

The Polygon [MATIC] network has had a remarkable journey since its inception. Since 2017, the project has come a long way in terms of development and has managed to secure several partnerships with prominent firms.

The team announced last month that they would soon be unveiling the blueprint for its 2.0 version. The details reveal that version 2.0 is a set of upgrades that will help to reimagine various aspects of Polygon. These include tokenomics, protocol architecture, and governance.

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With the anticipation of the upgrade nearing, MATIC has witnessed a notable surge of up to 10% over the last seven days.

MATIC rises by up to 10%

According to the data from CoinMarketCap, MATIC has surged by up to 10% over the last seven days. At press time, MATIC is trading at $0.7279.

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MATIC’s aggregated open interest has shown a significant increase in the past 24 hours. It has risen from $109 million to $158.3 million, reflecting a growth of 47%, as reported by Coinalyze. With the Polygon 2.0 upgrade anticipated to launch anytime soon, there could possibly be a surge in price soon.