Wu said he learned that Polymarket is currently running on the Polygon chain, and it has previously drawn widespread user attention due to issues such as transaction delays and cancellations. In response, Polymarket’s newly appointed DeFi engineering vice president, Josh Stevens, posted a candid statement acknowledging that the platform’s business growth has far outpaced the capacity of its infrastructure, and that the team is moving forward with multiple major technical upgrades. These include: planning a chain migration to achieve lower Gas fees and shorter block times; completely rebuilding the centralized limit order book; soon launching perpetual contracts based on the new contracts and a Rust backend; fixing the “transaction canceled” issue; and developing brand-new smart contracts and a unified API. Stevens pledged that starting next Friday, the team will publish weekly engineering update progress to improve transparency.