The blockchain ecosystem continues to evolve at a rapid pace, with major networks like Polygon and Cosmos regularly rolling out upgrades to enhance performance, security, and scalability. As a leading digital asset platform, OKX is committed to ensuring seamless support for these critical network upgrades. This article details the upcoming mainnet upgrades for Polygon (MATIC) and Cosmos (ATOM), outlines key timelines, and explains how OKX users will be affected—ensuring you stay informed and in control of your digital assets.
Understanding the Polygon Mainnet Upgrade
Polygon is set to implement a significant network upgrade involving a hard fork at approximately 6:00 am UTC on March 20, 2024. This upgrade includes the release of Bor v1.2.7 and Heimdall v1.0.4, designed to improve network stability and validator coordination.
To ensure the integrity of user funds during this transition:
- Deposits and withdrawals of MATIC tokens and all tokens built on the Polygon network (such as ERC-20 tokens on Polygon PoS) will be suspended at 5:00 am UTC on March 20, 2024.
- The suspension is a precautionary measure to prevent transaction failures or potential fund loss during the fork.
Users are advised not to attempt any transfers during this window. Once the network demonstrates stability post-upgrade, OKX will resume deposit and withdrawal services without issuing a separate announcement.
👉 Stay ahead of blockchain upgrades with real-time network monitoring and secure asset management.
What You Need to Know About the Cosmos Network Upgrade
Simultaneously, the Cosmos ecosystem is undergoing its own pivotal upgrade. The Cosmos (ATOM) mainnet upgrade, powered by Gaia v15.0.0, is scheduled for 10:27 am UTC on March 20, 2024. This update introduces enhanced consensus logic and improved governance functionality across the Cosmos Hub.
To maintain operational safety:
- Deposits and withdrawals of ATOM tokens and all Cosmos-based assets (including IBC-enabled tokens) will be paused at 9:30 am UTC on March 20, 2024.
- These services will resume automatically once the upgraded network reaches sufficient stability and block finality.
As with Polygon, OKX will not issue an additional notice when operations return to normal—users should monitor their wallets directly for deposit/withdrawal availability.
Will Trading Be Affected?
One of the most common concerns during network upgrades is whether trading functionality remains intact. The good news is:
✅ Spot, margin, and derivatives trading for MATIC and ATOM will continue uninterrupted during both upgrades.
However, traders should remain cautious. Network congestion or delayed finality during the fork window may increase volatility. It’s strongly recommended to:
- Monitor open positions closely.
- Increase margin buffers to reduce liquidation risk.
- Avoid placing time-sensitive orders immediately around the upgrade windows.
This proactive approach helps protect your portfolio during periods of potential market fluctuation.
No Action Required for Token Holders
If you hold MATIC, ATOM, or any tokens issued on their respective networks within your OKX account, you do not need to take any action.
OKX will handle all technical aspects of the upgrade, including:
- Node synchronization
- Chain reorganization handling
- Post-upgrade validation
Your assets will be automatically compatible with the new chain version once the transition is complete.
👉 Experience uninterrupted trading and secure asset storage through major blockchain upgrades.
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- Polygon mainnet upgrade
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- Polygon Bor v1.2.7
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These terms reflect common queries users enter when seeking information about upcoming blockchain events and exchange readiness.
Frequently Asked Questions (FAQ)
Q: Will my MATIC or ATOM tokens be safe during the upgrade?
Yes. OKX implements strict security protocols to protect user funds during network upgrades. Your tokens are fully secured and will remain in your account without risk of loss.
Q: Why are deposits and withdrawals being suspended?
Suspensions prevent transactions from being sent during chain instability, which could result in lost or unrecoverable funds due to chain splits or rollback risks during a hard fork.
Q: How long will the suspension last?
Typically, suspensions last only a few hours. However, the exact duration depends on network stabilization after the fork. OKX resumes services only after confirming consistent block production and finality.
Q: Do I need to upgrade my tokens manually?
No. If you hold your tokens on OKX, no action is required. The platform automatically supports the new chain, and your balance will reflect the upgraded assets.
Q: Can I still trade MATIC or ATOM during the upgrade?
Yes. Trading is unaffected. However, price volatility may increase around the fork time due to market sentiment or network uncertainty.
Q: Where can I find official details about the upgrades?
For technical documentation:
Final Thoughts
Blockchain innovation thrives on continuous improvement—and network upgrades are a vital part of that journey. With OKX’s robust infrastructure and proactive support for major ecosystems like Polygon and Cosmos, users can confidently navigate transitions without disruption to their trading or asset management experience.
By staying informed and leveraging secure platforms that prioritize uptime and safety, you position yourself to benefit from the long-term growth of decentralized technologies.
👉 Secure your digital assets on a platform built for the future of blockchain evolution.