Polymarket has just rebooted its prediction market with a full order book upgrade. Every old resting limit order was cleared; everyone starts fresh from zero, and bot or API traders need to reconnect. To kickstart activity, they dropped a $1 million liquidity program, half paid out in the first 2 hours, the rest over the day, meant to get quotes flowing again and bring back depth.
The real question is whether that headline splash will turn into sustainable trading once the incentives fade. This reset avoids technical headaches but leaves open whether real trading will stick around after the dust settles. If volume drains once the promo ends, Polymarket could see participation thin all over again; if not, it could mark a lasting step forward in how crypto markets handle major upgrades.