Key Notes
- Mihailo Bjelic is stepping away from the Polygon Basis to pursue different endeavors.
- At present, Sandeep Nailwal is the one co-founder on the Polygon Basis board.
- POL value 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 line with his put up 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 challenge 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 said that he might now 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 identical time, he stays constructive 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 indicate 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 energetic roles on the blockchain challenge 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 challenge, whose main network went live in 2024.
Seven months later, Kanani additionally determined it was time to retire. As we speak, 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 not too long ago, it accomplished the migration of the MATIC token to POL, reflecting its evolution.
“From important breakthroughs in zero-knowledge tech, to onboarding a few of the world’s largest manufacturers, we’ve made significant strides towards that grand imaginative and prescient,” Bjelic wrote on X on Might 23, 2025.
Bjelic claimed that he had been within the crypto area since 2013.
In gentle of the most recent growth, the Polygon co-founder additionally revealed plans to cease working with Polygon Labs every 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 development of exits, with some relating to the most recent 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 drawback with the ecosystem, though nobody has been capable of substantiate these claims. Polygon faced some difficulties in the beginning of 2025 because it suffered from declining community well being. Right now, 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, similar 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 know-how and improvements to drive common acceptance and worldwide integration of the rising know-how. His need to coach folks about cryptocurrencies evokes his contributions to famend blockchain media and websites.
