- Prediction market polymarket announced the launch of a new network and its own stablecoin.
- The transition to a new trading and settlement system follows a period of rapid growth polymarket.
Prediction market polymarket completed a network upgrade aimed at modernizing the platform and transforming it from a prediction market into a professional trading platform with market makers and the ability to trade perpetual futures.
Representative of the polymarket объявил On the launch of the new Central Limit Order Book (CLOB). This is a hybrid system that combines decentralized settlement with off-chain order matching. All trades will remain decentralized and non-custodial.
Final settlements for transactions will be made on Polygon. polymarket The platform has abandoned the USDC stablecoin and switched to its own asset, pUSD, backed by USDC. For interface users, balances will be automatically converted. For experienced users, the platform is launching an API that converts USDC to pUSD for API trading.
Interestingly, after the update, users began reporting unexpected fees. Before the update polymarket announced that markets related to geopolitical and global events will remain free. However, other available markets will incur a commission at the time of order execution.
The update comes after one of the most successful months in the company’s history. In April, trading volume on the platform reached $8,1 billion, following a peak of $10,6 billion in March. However, Kalshi overtook polymarket according to the indicator for the week, which was mentioned earlier Reported redaction Happy Coin News.
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