Polymarket to Launch Own Ethereum Layer2 Network, POLY

2025-12-23 14:16

Polymarket has announced plans to migrate from Polygon and establish its own Ethereum Layer2 network, named POLY. This strategic move is driven by the platform's need for enhanced stability, customization, and economic control. Historically, Polymarket has contributed significantly to Polygon's total value locked (TVL) and gas usage, accounting for about a quarter of both metrics. The transition to POLY is part of Polymarket's broader strategy, which includes an upcoming token launch and token generation event. The team is focused on finalizing the governance and economic model for the new network to support its growth and operational needs.

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