Polygon Co-Founder Mihailo Bjelic Steps Down From Role – Coincu

Mihailo Bjelic, a co-founder of Polygon, announced his resignation from daily operations and as director of the foundation, effective May 2025. Bjelic’s departure marks a significant shift in leadership as he steps back, reflecting broader implications for Polygon’s strategic direction.

Bjelic, who was one of four Polygon co-founders, has exited his directorial role. He cited divergences in project vision as a reason for his decision. The co-founder stated he will support the project in other capacities.

Leadership Transition as Bjelic Leaves Key Role

His departure follows the exit of the other two co-founders, marking a significant change within the project. Sandeep Nailwal remains involved, highlighting a shift in leadership dynamics.

Market reactions to Bjelic’s resignation are yet to be seen, but shifts in Polygon’s strategic direction may influence investor sentiment. Sandeep Nailwal expressed gratitude and nostalgia on the social platform X.

“As projects evolve and mature, it is natural for visions to evolve and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities.” – Mihailo Bjelic, Coindesk

Market Response and Expert Predictions on Polygon’s Future

Did you know? Bjelic’s departure as the third founder since 2023 could represent a period of significant transformation in the crypto project.

CoinMarketCap reported that the Polygon (MATIC) fully diluted market cap stands at $2.18 billion. Recent trading data indicates a 144.94% surge in 24-hour volume and a 2.78% price increase over the last day. However, Polygon has experienced notable declines over the past 30, 60, and 90 days.

Experts highlight that Polygon’s leadership changes could influence its future innovations in zero-knowledge technology. Analysts suggest monitoring market responses to evaluate the project’s long-term trajectory.