Polymarket is rumored to be "leaving the chain": Polygon on high alert as multiple public chains extend invitations

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Author: Nancy, PANews Recently, news has once again emerged regarding Polymarket potentially migrating away from Polygon. Faced with the massive traffic of this phenomenal application, several public chains have stepped in to "poach" the project. However, as the current primary stakeholder, Polygon has yet to provide a formal response to this potential "going solo" plan. **Publicizing the migration plan, public chains extend an olive branch** On April 25, Josh Stevens, the newly appointed VP of DeFi Engineering at Polymarket, revealed in a post that the platform's business growth has significantly exceeded the capacity of its current infrastructure. The team is fully committed to pushing a series of major technical upgrades to address pain points in high-frequency trading and to improve overall performance and user experience. Among the various transformation plans, the one receiving the most market attention is the "chain migration" that Polymarket is currently advancing. "We need larger block space, lower Gas costs, and shorter block times to achieve real-time settlement." In other words, Polymarket is preparing to switch chains. Polygon was once the optimal technical solution for Polymarket to enter the prediction market. In the early stages, prediction markets had high requirements for on-chain costs and execution efficiency. At that time, Polygon became the most suitable deployment choice due to its low transaction fees, faster settlement speeds, and a relatively mature EVM ecosystem. However, as Polymarket's platform trading volume continued to climb, especially after the explosion of high-frequency trading demand, multiple issues gradually emerged, such as increased transaction latency, poor order cancellation experiences, and decreased execution efficiency during system congestion. For Polymarket, these issues have directly impacted user retention and trading activity. For example, PANews previously published an analysis pointing out that attackers have exploited the time difference between Polymarket's off-chain matching and on-chain settlement to repeatedly cause transaction failures at extremely low costs, thereby clearing market maker orders and engaging in arbitrage. A single address could even profit tens of thousands of dollars a day, while the cost of the attack was almost negligible. This structural vulnerability directly led to market makers and automated trading bots on the platform facing multiple blows, including forced order removal, passive exposure of positions, and even direct losses. As of now, the official team has not provided a clear fix. Although the community has developed monitoring and early warning tools, these are essentially patch-based defenses and cannot fundamentally solve this architectural problem. Therefore, only by redesigning the matching and settlement mechanism at a deeper level can such attack risks be fundamentally eliminated. In a sense, Polygon, which once helped Polymarket take off, is now gradually becoming a ceiling for its continued expansion. This is not the first time news of a migration has surfaced. As early as the end of last year, there were reports in the market that the team had discussed launching its own L2 in the Discord community and gradually migrating away from Polygon. Now, Josh Stevens' public statement is viewed by outsiders as a sign that this plan has moved from internal discussion to the execution phase. Following the announcement, Sui, Solana, Sonic, Algorand, Sei, and others have extended an olive branch to Polymarket, citing reasons including lower fees, faster transaction confirmation times, high throughput, high performance, and friendly support for transaction-intensive applications. For these public chains, successfully onboarding a phenomenal application like Polymarket would mean much more than just adding another project. It would directly bring a large amount of real transaction traffic, active user growth, and a significant boost in ecosystem attention. Especially at a time when mainstream-adopted applications are scarce, such opportunities are rare. **Supporting half of Polygon's ecosystem, or leaning towards building its own L2** For Polygon, once Polymarket's migration plan is truly implemented, it could result in a massive "hemorrhage" at the ecosystem level. Currently, Polymarket has become Polygon's most important traffic gateway and its core economic engine. According to Dune data, looking at the latest daily fee composition, Polymarket has contributed 56.3% of Polygon's transaction fees. For every $100 in fees generated on Polygon, about $56 comes from Polymarket. This means that Polymarket is the core source driving the revenue growth of the entire Polygon chain. Looking at a longer time frame, year-to-date, Polymarket has contributed approximately $72.9 million in fee revenue, accounting for 61.3% of Polygon's total fee revenue (approximately $119 million). In other words, Polymarket has become the single largest source driving Polygon's growth. If an ecosystem relies on a single top-tier application for a long time, its loss would not only lead to a decline in revenue but could also trigger a shock to the overall ecosystem activity and market confidence. Facing Polymarket's migration statement, Polygon officials have not yet made a positive

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