- Polygon’s co-founder Mihailo Bjelic steps down, citing vision divergence.
- Sandeep Nailwal affirms mutual respect.
- No immediate financial impact reported on POL or Ethereum.
Mihailo Bjelic, co-founder of Polygon, announced his resignation from Polygon Foundation on May 23, 2025, through X, previously known as Twitter.
Bjelic’s departure marks a pivotal moment for Polygon, with potential impacts on market perception and strategic direction. It raises questions about future technological and leadership adaptations within the cryptocurrency ecosystem.
Bjelic’s decision to “step down from the board of the Polygon Foundation” was announced on May 23, 2025. He emphasized the natural evolution of project visions and his shift toward broader crypto contributions. Co-founder Sandeep Nailwal praised Bjelic as more than a co-founder, accentuating their close relationship.
After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs. As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. — Mihailo Bjelic, Co-founder, Polygon
Immediate market reactions have been muted, with POL and Ethereum not experiencing drastic price shifts. Although past leadership changes have led to short-term volatility, current indications suggest stability. There is no evidence of significant alterations in Total Value Locked or liquidity, with official sources remaining consistent.
Potential effects on Polygon’s funding, governance, or regulatory status are unclear. Bjelic stressed ongoing support from the sidelines, with the community and developers showing resilience. Historical trends in executive departures indicate possible short-lived market turbulence rather than long-term disruption.
The Polygon ecosystem remains vigilant for any technological or strategic shifts. Analysts expect Bjelic’s broader industry involvement to contribute valuable insights, enhancing innovation potential across the crypto landscape. Commitment to project goals is reiterated by remaining leadership, sustaining investor confidence.
