ALERT FOR HOLDERS ON 08/10/2025 THE NETWORK WILL BE SUSPENDED FOR WITHDRAWALS AND DEPOSITS #pol #Polygon Update of the Polygon network (POL): A leap towards scalability • Binance support: Binance will support the upcoming update and hard fork of the Polygon network (POL), scheduled for October 8, 2025. • Temporary suspension: Deposits and withdrawals of POL tokens on the Polygon network will be temporarily suspended on Binance during the update to ensure a smooth transition. Trading activities will remain unchanged. Benefits of the Rio hard fork: The "Rio" hard fork aims to significantly increase the efficiency of the network, reduce the operational costs of validators, and eliminate blockchain reorganizations. • Performance boost: This update is designed to allow the Polygon PoS network to achieve a throughput of 5,000 transactions per second (TPS), marking a substantial improvement in scalability. Key Improvements: The update includes PIP-64 (Validator Elected Block Producer), PIP-65 (Economic Model for VEBloP) for a new block production architecture, and PIP-72 (Witness-Based Stateless Verification) to reduce storage bloat and hardware costs. Impact Analysis

This comprehensive update aims to strengthen Polygon's infrastructure, potentially driving greater adoption and long-term value. While a temporary suspension of deposits/withdrawals is expected, the overall impact is highly positive for the network's performance and future growth.

POL

0.0909

-1.51%