The Matic which is also called the polygon network faced with series of problems as reported by the sanctioned Binance website, the issue led to the blockage of utmost deals and reportedly some time-out, which is why the Exchange stopped all recessions from the platform. During this time the CEXs advertise the stopgap of continuing the deposit as the network stabilizes and allows the platoon of the exchange to manage it. The exchange won’t be broadcasting the reopening of operations. In an analogous way to Solana, Polygon has faced a series of time-out and network issues caused by the most recent network update, Heimdall, which is used by a PoS network’s subcaste. The design’s platoon verified the issue and worked on relating the” definitive” cause, which reportedly began from an indeed before the upgrade. In addition to it, the team revealed that there may have been a bug in the upgrade itself that caused a split between validators. latterly on, Polygon’s platoon released a hotfix – a minor upgrade that fixes issues caused by the last update. The new patch unblocked the Bor chain, which allowed the production of new blocks on the Polygon chain. A longer-term upgrade is anticipated in the future. Neither the Polygon representative nor community members have posted fresh commentary or updates regarding the most recent issues with the network on the Polygon forum. It isn’t yet clear what’s the exact reason behind the forenamed issues, but we could still tie it to the Heimdall update. In the last@ 4hours, the asset has gotten a drop of 2 which the means haven’t related to the issues on the network. MATIC is still moving in the original downtrend formed on the 3rd.