MATIC: Market Dip Translates To 18% Losses Despite Network Upgrade – Details

Although the market downturn has somewhat slowed, the effects are still amplified within the altcoin market. MATIC, Polygon’s native token, has suffered greatly from the recent bearish market sentiment that spread within the past couple of days. 

According to CoinGecko, MATIC has fallen 18% since last week, marking a big slash on the token’s upward trajectory. Despite MATIC’s poor performance in the last couple of days, Polygon continues to innovate, cementing its position within the crypto community. 

Polygon Releases New Details About Network Upgrade

According to Polygon’s official X post, the MATIC upgrade to POL will yield benefits, including new features that improve the network’s usability and security. One of the most notable addition to the network is the inclusion of new roles for validators, improving upon the network’s incentives for the latter while also creating motivation for broader on-chain participation. 

POL goes beyond the traditional and introduces the concept of a hyperproductive token — enhancing utility, scalability, and productivity across the Polygon network.

What this means as the network transitions from MATIC to POL, for an aggregated blockchain network