Svmuu News On-chain prediction market platform Polymarket has announced a major upgrade to its trading system within the next 2-3 weeks, including a revamped trading engine, a new order book structure, and the introduction of the native stablecoin Polymarket USD.
The core of this upgrade is the launch of Polymarket CTF Exchange V2. This version will optimize matching efficiency, reduce the operations required for order validation and matching, and lower Gas costs. Simultaneously, the new order data structure will streamline the number of fields, improving overall execution efficiency. V2 will also introduce an upgraded Central Limit Order Book (CLOB), combining an off-chain order book with on-chain execution mechanisms.
On the asset side, Polymarket will launch Polymarket USD, backed 1:1 by USDC, to gradually replace the currently used cross-chain asset USDC.e. This adjustment aims to alleviate user security concerns regarding unofficial bridged assets.
Furthermore, the platform will support the EIP-1271 standard, enabling smart contract wallets (such as multi-signature wallets) to participate directly in trading. During the upgrade period, the existing order book will be cleared, and a brief maintenance window will be initiated.
Polymarket stated that this is the largest upgrade since its launch, coming at a time of user growth for the platform and intensifying competition from Kalshi, Coinbase, Crypto.com, and others. (The Block)