Polymarket is set to launch its own Ethereum Layer 2 solution, named POLY, as it plans to migrate away from Polygon. This strategic shift follows a service disruption on December 18 caused by a Polygon outage, highlighting the need for greater operational independence. In addition to this move, Polymarket intends to cease using third-party providers such as GoldSky and Alchemy. The introduction of POLY is part of Polymarket's broader strategy to enhance its platform's reliability and performance. The company is also preparing to launch 5-minute markets this week, aiming to offer more dynamic trading options. This development could potentially impact market sentiment, influencing the fear and greed index among altcoin investors.