POL in the spotlight: latest news

Upbit has temporarily suspended deposits and withdrawals for the Polygon Network, a decision that has raised concerns within the cryptocurrency community.

NFT sales decreased by 15.72%, totaling $64.95 million, as buyer activity plummeted by 68% and sellers declined by 71%. This downturn occurred even with Bitcoin maintaining a value of $90,000 and Ethereum remaining above $3,000.

Bithumb has temporarily suspended deposits and withdrawals for POL tokens as part of a crucial network upgrade. Users of Polygon on the platform should take note of this development.

Polygon Labs CEO will host a fireside chat on December 12, 2025, to reflect on the achievements of the past year and outline future strategies for the Polygon network.

Polygon has implemented the Madhugiri hard fork, resulting in a 33% increase in network efficiency. This significant upgrade enhances the performance and capabilities of the Polygon network.

The Madhugiri Hardfork for POL, previously known as MATIC, is scheduled for December 9, 2025. This upgrade is expected to increase network throughput by 33% and will enable smoother future upgrades.

Polygon (POL) is set to undergo an important network upgrade tomorrow, December 9, with the Madhugiri Hardfork scheduled to activate at block height 80084800.

NFT sales reached $77.10 million, driven by an increase in buyer activity and significant changes in collection rankings. Immutable has seen substantial growth, while Ethereum's sales volume has decreased.

The current price of Polygon (MATIC) is $0 USD, with a trading volume of $1,267,062.59 over the past 24 hours. The MATIC to USD price is updated in real-time.

Bithumb has announced a suspension of its POL services for a crucial network upgrade. This decision affects all Polygon users on the South Korean exchange, who should be prepared for temporary service interruptions during the upgrade process.

Polymarket founder and CEO Shayne Coplan described his cryptocurrency-based prediction platform as “the most accurate thing” in human history during a recent interview. He also addressed concerns regarding insider trading and the controversy surrounding the Los Angeles fires.

NFT sales increased by 9.78%, reaching $77 million, driven by a significant rise in both buyers and transactions. This surge occurred alongside Bitcoin's rise to $90,000 and Ethereum's recovery above $3,000, reflecting improved market sentiment.

Polygon is currently grappling with an identity crisis, as the company considers whether to continue using the new POL token or return to its original name, MATIC.

Polygon is reevaluating its POL branding following community feedback advocating for a return to the MATIC name. The recent upgrade intended to mark the end of the MATIC era has instead sparked an unexpected discussion within the community about the token's identity.

Kevin Hassett, the Director of the White House National Economic Council, is reportedly the frontrunner to succeed as the next Chair of the Federal Reserve, based on predictions from Polymarket and Kalshi bettors.

Polygon is contemplating changing its POL token back to MATIC due to user confusion and branding issues that have prompted discussions within the crypto community.

In a surprising development, Polygon co-founder has expressed consideration for changing the POL token ticker back to MATIC.

Polygon co-founder and CEO Sandeep Nailwal raised concerns on Wednesday about the community's suggestion to revert the network's ticker back to its original, MATIC.