Polygon’s Bhilai Hard Fork: Will MATIC Benefit From Increased Efficiency and Scalability?

Polygon is set to undergo a significant upgrade with its upcoming ‘Bhilai’ hard fork. The update aims to enhance transaction efficiency, scalability, and fee distribution mechanisms. Key protocol improvement proposals (PIPs) are scheduled for deployment over the next few weeks. These changes include increasing gas limits, streamlining block propagation, improving consensus mechanisms, and optimizing fee handling. Meanwhile, Polygon’s MATIC token shows positive signs on both short-term charts with a bullish RSI signal and support above $0.21.