Leading Ethereum scaling team Polygon has revealed ambitions to rebuild its ecosystem into a chain-symbiotic network.

The company said that Polygon 2.0 would pave the way for increased community governance over the #Polygon protocol and treasury, determine a future course for its #PoS Chain, and bring new utility to the MATIC token.

"Polygon 2.0 is our blueprint for building the Value Layer," claimed Polygon. We will set out a path for how Polygon will develop into the Value Layer of the Internet, delivering limitless scalability and universal liquidity via ZK technology, over the upcoming weeks.

With a $6 billion market cap, Polygon's #MATIC token ranks as the 12th largest cryptocurrency. After being classified as a security in the SEC's case against #Coinbase , MATIC has lost more than 20% of its value for the week.