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Polygon Co-Founder Mihailo Bjelic Steps Down from Project

Sandeep Nailwal remains the firm's only active co-founder after its three other co-founders have stepped back.
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May 24, 2025 • 1 min read

Polygon co-founder Mihailo Bjelic has announced he is stepping back from his active role at Polygon and the foundation's board, marking the third departure among founding members. This comes as Polygon navigates a crucial period of its 2.0 roadmap, aimed at expanding the utility of its native token, POL. The announcement has coincided with a 3.7% drop in the POL token price.

What’s the Scoop?

  • Founder Exit: Mihailo Bjelic has stepped back from his active role in Polygon development and the foundation's board.
  • Polygon's 2.0 Roadmap: In 2024, Polygon initiated a major token migration, exchanging MATIC for POL to expand the token’s utility across gas fees, staking, and more.
  • Market Impact: Following the announcement, POL experienced a 3.7% drop in price, reaching $0.24.

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