TL;DR

  • Volume Surge: Polymarket recorded $91.7M, $92.7M, and $85.6M in three consecutive record trading days, marking its strongest streak since the 2024 U.S. election and underscoring heightened enthusiasm among traders.
  • Layer 2 Priority: Developer Mustafa Aljatery confirmed in a screenshot that launching a Polymarket Layer 2 network is the platform’s “#1 priority,” following outages on Polygon, sparking speculation of imminent infrastructure changes.
  • Risk Debate: Polygon’s ecosystem head cautioned that running a full chain stack carries major risks, stressing that while innovation is tempting, thousands of chains have failed compared to the few that succeed.

Speculation around a potential Polymarket Layer 2 launch has ignited fresh momentum in the prediction market, coinciding with record-breaking trading volumes. A screenshot circulating online shows a Polymarket developer referring to the Layer 2 initiative as the platform’s “#1 priority,” fueling expectations of an imminent upgrade. The timing aligns with heightened user activity, as Polymarket recorded its three busiest trading days since the U.S. presidential election in November 2024.

Trading Volumes Reach New Heights

Polymarket’s trading activity surged in mid-December, with $91.7 million processed on Dec. 19 and $92.7 million on Dec. 20. On Dec. 21, the platform handled $85.6 million, narrowly surpassing its prior daily high of $85.07 million set on Nov. 9, according to DeFiLlama. These figures underscore the market’s resilience and growing appeal, particularly as speculation intensifies around infrastructure changes. The streak of high-volume days highlights how quickly sentiment can translate into measurable trading activity.

Screenshot Sparks Layer 2 Buzz

The catalyst for this surge was a widely shared screenshot featuring Polymarket developer Mustafa Aljatery. Responding to a user’s query about a Layer 2 launch, Aljatery wrote, “very soon, after all these outages, it’s #1 priority.” His comment followed recent stability issues with Polygon, Polymarket’s current host chain. While experts attempted to verify the screenshot’s authenticity, Aljatery has not responded, leaving the community to weigh the credibility of the leak against the urgency of recent outages.

Community Reaction and Debate

Community Reaction and Debate

The screenshot quickly spread across social platforms, with a user named PredictTrader breaking the news on X. The revelation sparked debate among traders and developers, reflecting both excitement and skepticism. For many, the promise of a Layer 2 solution represents a potential fix to recurring network disruptions. Others remain cautious, noting that infrastructure transitions carry risks and demand significant resources. The conversation illustrates how technical speculation can ripple into trading behavior.

Polygon’s Perspective on Risks

Polygon’s head of Ecosystem BD India weighed in, cautioning that running an entire chain stack introduces new vulnerabilities. He emphasized that infrastructure management differs fundamentally from application development, warning that “for every chain that has succeeded, there are a 1000 who couldn’t make it and died.” His remarks highlight the challenges Polymarket may face if it pursues independence, underscoring the delicate balance between innovation and operational stability.

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bitcoin
Bitcoin (BTC) $ 87,548.00
ethereum
Ethereum (ETH) $ 2,960.30
tether
Tether (USDT) $ 0.999501
xrp
XRP (XRP) $ 1.88
bnb
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