PANews reported on December 19th that, according to Cryptopolitan, the Polymarket platform recently experienced some downtime due to issues with its underlying blockchain, Polygon, occurring at the same time. While no official statement has been released, a Polymarket member posted on Discord regarding the outage, claiming that the platform is now focusing on building its own Layer 2 network to prevent similar outages in the future.
In fact, community members have revealed that after multiple network issues, Polymarket has decided to prioritize developing its own L2 cache. Team member Mustafa made this statement on the official Discord channel to reassure users, but did not provide specific plans or timelines. He called it a "top priority" and claimed it would be implemented soon to enable the platform to achieve the necessary stability and independence.
According to a previous report yesterday, the Polygon Foundation stated that a malfunction in Polygon PoS today affected some RPC nodes, but all functions of Polygon PoS have been restored.


Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more