CryptoWorld News reports that Wu said he learned that Polymarket is currently running on the Polygon chain. It had previously drawn widespread attention from users due to issues such as transaction delays and cancellations. In response, Polymarket’s newly appointed DeFi Engineering Vice President, Josh Stevens, posted a statement admitting that the platform’s business growth has already far exceeded the capacity of its underlying infrastructure. The team is now advancing several major technical upgrades, mainly including: planning a chain migration to pursue lower gas fees and shorter block times; a complete rebuild of the centralized limit order book; the upcoming launch of perpetual contracts based on a new contract and Rust backend to fix the “transaction canceled” issue; and the development of entirely new smart contracts and a unified API. Stevens also pledged that starting next Friday, the team will publish weekly engineering update progress to improve transparency.