Oculus Quest 2 looks likely to be updated with a 120Hz refresh rate, according to comments made by the Vice President of Facebook Reality Labs.

During a Q&A session on Instagram, Andrew ‘Boz’ Bosworth responded with a literal ‘thumbs up’ to a question about whether Quest 2 would see an update to 120Hz, and touched on a number of other topics relating to VR.

The faster the refresh rate in a VR headset, the smoother the virtual world it creates, and so 120Hz marks a dramatic improvement on the 72Hz refresh rate the Quest 2 originally launched with (before being updated with support for 90Hz in November 2020).
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