Polygon price rises 2.57% as major zkEVM upgrade announced to cut transaction fees

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Sholanke Dele

19.08.2025

Polygon price rises 2.57% as major zkEVM upgrade announced to cut transaction fees — Polygon Jumps 2.57% After Upgrade

Polygon is trading at $0.2516, gaining 2.57% on 18 August 2025 as traders react to a major network announcement. The rally comes after Polygon developers unveiled a significant upgrade to its zkEVM technology, aimed at reducing transaction fees across the network. The upgrade is seen as a substantial step toward enhancing scalability and improving user experience, which has historically been a focus in the Layer 2 ecosystem.

P price prediction

24H -0.92%

$0.007958

48H -1.25%

$0.007932

7D -2.81%

$0.007806

1M -16.25%

$0.006727

3M 61.74%

$0.012991

6M 52.69%

$0.012264

12M 150.24%

$0.020099

Detailed

Current price: $ 0.008032 0.000009 0.11%

Real-time Data 01:29

Daily range 0.008021

0.008043

Weekly range 0.007832

0.008364

Highlights

Polygon traded at $0.2516, up 2.57% on 18 August 2025, following a major upgrade announcement to its zkEVM technology.
The zkEVM upgrade aims to reduce transaction fees network-wide, improving scalability and user experience, and increasing Polygon’s Layer 2 competitiveness.
Trading volumes rose and market sentiment turned bullish post-announcement, though investors are watching for clarity on fee impact and execution risks.

The announcement has prompted renewed optimism among investors who anticipate that lower transaction costs could boost activity and adoption on the Polygon network. Market participants have closely monitored scalability upgrades across major blockchains this year, with Polygon’s latest move positioning it more competitively within the sector. While the full rollout timeline of the upgrade remains to be seen, initial sentiment toward the development is positive.

From a technical perspective, there are currently no clear levels of support or resistance dominating price action at this stage. Polygon’s price moves in line with broader trends seen across large-cap altcoins, lacking major chart-based inflection points in the immediate term.

Market sentiment surrounding Polygon is currently bullish, as evidenced by the positive price reaction to the upgrade news. Trading volumes have picked up following the announcement, though overall momentum appears steady rather than euphoric, with investors largely awaiting further clarity on the upgrade’s impact.

Looking ahead, if Polygon is able to successfully implement the zkEVM upgrade and deliver meaningful reductions in transaction fees, its price may find additional support from increased network usage and developer activity. However, if technical or adoption challenges arise during implementation, the recent gains could face pressure.

For now, Polygon’s price holds its advances in response to the upgrade news, as investors weigh the potential benefits against the usual execution risks.

Polygon is trading at $0.245, up 4.88% on 17 August 2025, with no clearly defined technical support or resistance levels and exhibiting above-average momentum following Coinbase’s announcement has generated optimism. Market sentiment turns cautiously bullish as buyers become more active after the news and trading volumes increase.

Source of Data: P Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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