"Will this upgrade push the price of MATIC to go higher?"
In order to change the structural effect on its chain, Polygon zkEVM is about to implement a new upgrade that allows it acts more connected to the Ethereum (ETH) mainnet and makes it easier for developers to build smart contracts.
So here it can be seen that the upgrade will make the Polygon zkEVM a Type 2 ZK-EM authorize developers to use their code on Polygon zk-EVM same as on ETH.
According to the shared update, timelock 10 days for Etrog Upgrade has been triggered and it comes with five smart contracts pre-compiled* Later additions also included a new way of processing batch transactions.
*Build-in functions that can be used in the development of smart contracts
Once the upgrade went live, Polygon confirmed that the end user does not need to make any adjustments and all functions on the Polygon zkEVM protocol will operate normally.
However, it should be noted that the race to dominate ETH layer-2 is heating up as it is surrounded by quite strong competitors such as Arbitrum (ARB), Optimisme (OP) and zkSync which are also in the spotlight.
Polygon strives to stay relevant through new release of Polygon zkEVM and Polygon CDK tools where the former gained traction for every user base while the latter is now accepted by gamers crypto like OKX and Flipkart to build multiple solutions.
Although all protocols have been found niche and its relevance in the Web3 world, Polygon doubles its use by enterprise firms for example Starbuck and Adidas launched their digital collections on their chains.
As of this writing, Polygon-based MATIC price trading at $0.79 still recorded a 0.88% decrease in the last 24 hours but still gained 1.62% over the last week.
