Key Notes
- Mihailo Bjelic is stepping away from the Polygon Basis to pursue different endeavors.
- At the moment, Sandeep Nailwal is the one co-founder on the Polygon Basis board.
- POL worth has recorded a 4% drop after the announcement.
Mihailo Bjelic, one of many co-founders of Polygon, has determined to step down from the board of the Polygon Basis. This makes him the third founder to stroll away from the protocol after Jaynti Kanani and Anurag Arjun. In keeping with his publish on X, Bjelic plans to stay round, cheering on Polygon from the sidelines.
Why is Bjelic Stepping Down From Polygon Management?
Although not explicitly defined, the Polygon co-founder acknowledged that the venture has developed and matured.
Therefore, he famous, “It’s pure for visions to evolve, and generally diverge.” The guess is that his exit from the ecosystem board is the divergence he speaks about. Moreover, Bjelic clearly acknowledged that he may not contribute to Polygon.
PSA: After a lot thought and reflection, I’ve determined to step down from the board of the Polygon Basis, and wind down my day-to-day involvement with Polygon Labs.
I used to be launched to crypto in 2013 (rattling, time flies). By 2017, I used to be deep down the rabbit gap, fascinated by…
— Mihailo Bjelic (@MihailoBjelic) May 23, 2025
On the similar time, he stays optimistic in regards to the work the Layer-2 scaling answer constructed on Ethereum will do going ahead. On this notice, the crypto innovator promised to point out his assist from the background.
The exit from the Polygon Basis board provides Bjelic to co-founders Jaynti Kanani and Anurag Arjun, who equally left their lively roles on the blockchain venture some time in the past. Arjun was the primary to step down as a board member in March 2023. He left to concentrate on Avail, his modular blockchain venture, whose main network went live in 2024.
Seven months later, Kanani additionally determined it was time to retire. At the moment, Sandeep Nailwal is the one co-founder on the protocol’s board on the Polygon Basis.
Along with Nailwal, all 4 people based the Ethereum-based L2 eight years in the past. Throughout this time, the ecosystem has recorded notable development. It even went from being known as Matic Community to Polygon. Extra just lately, it accomplished the migration of the MATIC token to POL, reflecting its evolution.
“From vital breakthroughs in zero-knowledge tech, to onboarding among the world’s largest manufacturers, we’ve made significant strides towards that grand imaginative and prescient,” Bjelic wrote on X on Could 23, 2025.
Bjelic claimed that he had been within the crypto house since 2013.
In mild of the newest growth, the Polygon co-founder additionally revealed plans to cease working with Polygon Labs day by day.
Is Polygon In Misery?
The announcement of Bjelic’s exit from the Polygon Labs and Polygon Basis board has ignited some reactions amongst crypto neighborhood members. A number of individuals are disturbed by the pattern of exits, with some concerning the newest as a loss to Polygon. That is based mostly on Bjelic’s contributions to main developments recorded by the protocol.
Different entities are citing a possible downside with the ecosystem, though nobody has been capable of substantiate these claims. Polygon faced some difficulties originally of 2025 because it suffered from declining community well being. At the moment, a number of analysts and market observers feared that POL would report a large decline.
As of this writing, the worth of POL was buying and selling at $0.2368, equivalent to a 3.72% dip, doubtless influenced by the replace of Bjelic’s exit.
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Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the true life functions of blockchain expertise and improvements to drive basic acceptance and worldwide integration of the rising expertise. His need to coach folks about cryptocurrencies conjures up his contributions to famend blockchain media and websites.
