{"id":323926,"date":"2023-06-30T09:00:59","date_gmt":"2023-06-30T03:30:59","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=323926"},"modified":"2023-06-30T11:13:00","modified_gmt":"2023-06-30T05:43:00","slug":"polygon-gears-up-for-indore-hard-fork-as-exciting-developments-unfold","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polygon-gears-up-for-indore-hard-fork-as-exciting-developments-unfold\/","title":{"rendered":"How Polygon is gearing up for Indore hard fork"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">HD: Polygon gears up for Indore hard fork as exciting developments Unfold<\/span><\/p>\n<ul>\n<li><em><span style=\"font-weight: 400;\">Polygon to get a hard fork upgrade at block height 44,934,656.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">MATIC sees an uptrend as the bear trend fades.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Recent information from GitHub revealed that the Polygon network was gearing up for an upcoming hard fork. With the network already boasting impressive on-chain metrics and bustling activity, there is an anticipation of the enhancements this imminent upgrade will bring.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">&#8211; Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/matic-network-profit-calculator\" target=\"_blank\" rel=\"noopener\">Polygon Profit Calculator<\/a><\/p>\n<hr \/>\n<h3><b>Polygon gears up for Indore<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Exciting developments are unfolding for <a href=\"http:\/\/ambcrypto.com\/polygon-can-gaming-support-matics-dwindling-metrics\/\" target=\"_blank\" rel=\"noopener\">Polygon<\/a>. Fresh information from <a href=\"https:\/\/github.com\/maticnetwork\/bor\/releases\/tag\/v0.4.0\" target=\"_blank\" rel=\"noopener\">GitHub<\/a> revealed the network was gearing up for a highly anticipated hardfork in July. Codenamed the Indore hard fork, this event is set to occur at the block height of 44,934,656. As the calendar approaches 11 July around 4:00 UTC, all eyes will be on this milestone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Indore hard fork will bring a crucial enhancement known as PIP-12, devised to address a state sync bug. This bug becomes a concern when network reorganizations extend beyond the sprint length of 16 blocks. By implementing PIP-12, Polygon aims to iron out this issue, ensuring a smoother and more robust network experience.<\/span><\/p>\n<h3><b>Polygon activity sees mixed reactions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A closer examination of the volume chart on <a href=\"https:\/\/defillama.com\/chain\/Polygon?users=true&amp;txs=false&amp;volume=false&amp;tvl=true\" target=\"_blank\" rel=\"noopener\">DefiLlama<\/a> revealed that the platform had been consistently experiencing noteworthy activity without any recent drastic surges. The chart depicted an average daily volume of $100 million, demonstrating a healthy level of engagement. As of this writing, the volume had climbed to nearly $150 million, indicating a positive trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, a different picture emerged when we shifted our focus to the Total Value Locked (TVL). The chart showed minimal fluctuations in TVL over the past few months, displaying a relatively stagnant pattern. Currently, the TVL stands at approximately $941 million. It represented a decline from its previous peak in the billion-dollar range.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, it was important to note that the number of active users remained encouragingly high, at around 377,000. Additionally, a notable portion of these users was returning, showcasing the platform&#8217;s ability to maintain engagement and cultivate a loyal community.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the Polygon <a href=\"https:\/\/defillama.com\/chain\/Polygon%20zkEVM?volume=true\" target=\"_blank\" rel=\"noopener\">zKEVM<\/a> has been experiencing an upswing in volume, as per the data from DefiLlama. Notably, its TVL has also been on an upward trajectory, in contrast to the relatively static nature observed on the Polygon platform.<\/span><\/p>\n<h3><b>MATIC sees a boost in trend<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Polygon [MATIC] was exhibiting a positive trend in its value on a daily timeframe. It was trading at approximately $0.63, reflecting a 2.75% increase as of this writing. This upward movement indicated a favorable market sentiment surrounding <a href=\"http:\/\/ambcrypto.com\/will-polygon-2-0-overturn-matics-decline\/\" target=\"_blank\" rel=\"noopener\">MATIC<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analyzing the Moving Average Convergence Divergence (MACD), it became apparent that MATIC was experiencing a slight uptrend. The MACD indicator, positioned above the zero line, provided further evidence of the positive momentum observed in the market as of this writing.<\/span><\/p>\n<figure id=\"attachment_323957\" aria-describedby=\"caption-attachment-323957\" style=\"width: 1289px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-323957\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/MATICUSD_2023-06-29_14-56-18.png\" alt=\"MATC\/USD price move\" width=\"1289\" height=\"764\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/MATICUSD_2023-06-29_14-56-18.png 1289w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/MATICUSD_2023-06-29_14-56-18-300x178.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/MATICUSD_2023-06-29_14-56-18-1024x607.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/MATICUSD_2023-06-29_14-56-18-768x455.png 768w\" sizes=\"(max-width: 1289px) 100vw, 1289px\" \/><figcaption id=\"caption-attachment-323957\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">&#8211; Realistic or not, here&#8217;s <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\">MATIC market cap in BTC&#8217;s terms<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Furthermore, the Relative Strength Index (RSI) suggested that MATIC was in a fading bear trend. This implied that the bearish pressure on the token was diminishing, possibly paving the way for a more bullish outlook shortly.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon prepares for the highly anticipated Indore hard fork while its on-chain metrics impress. Meanwhile, MATIC experiences a positive trend, igniting optimism in the market.<\/p>\n","protected":false},"author":76,"featured_media":323958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1266,4408],"class_list":["post-323926","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-matic","tag-matic-price-action"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Polygon is gearing up for Indore hard fork - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The Polygon network will see an upgrade around 11 July that will bring major enhancements to the network, as MATIC continues uptrend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/polygon-gears-up-for-indore-hard-fork-as-exciting-developments-unfold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Polygon is gearing up for Indore hard fork - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Polygon prepares for the highly anticipated Indore hard fork while its on-chain metrics impress. 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