Polygon (MATIC) implemented the 'Madhugiri hard fork' to enhance mainnet performance. This upgrade increased transaction processing capacity by 33% and laid the technical foundation for the flexibility of future network development.
This hard fork took effect at 7 PM KST on December 9 at block height 80,084,800. The main changes include raising the Gas limit per block from the original 30 million to 45 million, allowing the network to handle more transaction data and directly improving network scalability. The block generation time is also fixed at 1 second, further accelerating the processing speed.
The Polygon development team has introduced a more flexible way to adjust network settings through this hard fork. Previously, system changes that required a hard fork can now be achieved through simple parameter adjustments via proposals (PIP 75).
In addition, this upgrade also includes the main improvement proposals EIP-7823, 7825, and 7883 adopted in the recent Ethereum hard fork "Fusaka". This has improved data processing efficiency, increased Gas fees for some complex transactions, and set a data limit for single transactions, thus enhancing network security.
At the same time, a new type for cross-chain bridge transactions has been introduced, which is expected to make asset transfers between Ethereum and Polygon more efficient. The Polygon Foundation has stated that this hard fork will be applied automatically, without requiring any additional actions from users or dApps.
Recently, Polygon has continued to take multiple strategic measures to build a payment-friendly ecosystem. Last month, the "Crypto Credential" project, in collaboration with Mastercard, is a simple wallet address service based on Polygon, aimed at enhancing the accessibility of digital payments. At the same time, Polygon is positioning itself as a foundational network for expanding stablecoins and fintech payment infrastructure.
However, Polygon's performance in the market has been somewhat sluggish. Its token MATIC hit a historical low of $0.117 (approximately 172 KRW) on December 2, and although it has slightly rebounded by about 2%, the monthly decline still exceeds 30%, underperforming among smart contract platforms. Compared to the March peak (approximately 1896 KRW), the decline has exceeded 90%.
Article summary by TokenPost.ai
🔎 Market interpretation
Polygon is strengthening "speed and scalability" through technical improvements, continuously advancing its strategy to position itself as digital payment infrastructure. However, its token performance reflects a lower market investment sentiment.
💡 Strategic highlights
The increase in block Gas limits and the optimization of peer-to-peer transactions may serve as the foundation for the expansion of the dApp ecosystem. Attention should be paid to its developer-friendly changes and the strengthening of payment-related partnerships.
📘 Terminology explanation
- Hard fork: Major changes to blockchain software that are incompatible with older versions, resulting in a new chain
- Block Gas limit: The limit on the amount of computation that can be processed in each block. Increasing this limit allows for more transactions to be processed
- EIP: A document system that proposes and elaborates on technical changes to the Ethereum network
TP AI Notes
This article uses a language model based on TokenPost.ai for article summary generation. The main content of the text may be omitted or deviate from the facts.
