Polymarket Launches Protocol V2 to Modernize Smart Contract Infrastructure
Key Facts
Polymarket has deployed Protocol V2, a new smart contract architecture designed to modernize its infrastructure. Cointribune reported that the new protocol is intended to gradually replace the platform's legacy system, which dates back to 2019.
The upgrade aims to facilitate the platform's migration toward a more unified and scalable market structure, including the pUSD market. This technical milestone prepares the platform for broader operations as it seeks to expand its capabilities beyond the Polygon network.
Latest Updates · 3
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Update: The new protocol will implement ERC-1155 position tokens and utilize USDC for settlement purposes. The transition for new markets to this updated infrastructure is scheduled to commence on November 2, 2026.
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Update: Polymarket has commenced canary testing for Protocol V2, which is scheduled to continue through October 30, 2026. The platform has set a tentative date of November 2, 2026, for the full transition of new markets to the upgraded infrastructure.
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Update: The platform initiated Protocol V2 canary testing on October 5, 2026. This phase introduced pUSD collateral and unified market positions utilizing the ERC-1155 standard to improve trading efficiency.