Mihailo Bjelic, a co-founder of Polygon, announced his departure from the foundation board and operational duties at Polygon Labs on May 23, 2025.
The resignation of Bjelic marks another leadership transition at Polygon, raising questions about the project’s future direction as it continues development on its Layer 2 solutions.
Mihailo Bjelic’s Role in Polygon’s 2019 Founding
Mihailo Bjelic has been a pivotal figure in Polygon’s growth since its inception in 2019. His withdrawal follows the exits of co-founders Jaynti Kanani and Anurag Arjun earlier in 2023. Bjelic shared his decision on X, emphasizing his confidence in Polygon’s leadership to continue its trajectory toward becoming a leading Layer 2 ecosystem.
Leadership Changes Raise Strategy Concerns
The departure focuses attention on Polygon’s leadership stability. Industry observers are keenly watching for any shifts in project strategy as the team pushes forward with development goals. Financial implications are uncertain as no major funding reallocations or grant changes have been announced. While short-term volatility could occur, Polygon’s ecosystem remains interlinked with major assets like Ethereum. The discussion on trends in the crypto industry highlights ongoing market dynamics.
Polygon’s Resilient Path Despite Founder Exits
Previous founder exits stirred community debates but did not disrupt Polygon’s path. The project continues to have a vast network of developers and partners to mitigate these changes. Expert insights suggest leadership changes prompt scrutiny on roadmaps. However, with Polygon 2.0 in progress, the potential for adverse long-term impacts could remain minimal.
Polygon was born in 2019, and we’ve come a long way since then. From significant breakthroughs in zero-knowledge tech, to onboarding some of the world’s biggest brands, we’ve made meaningful strides toward that grand vision. I’m proud of this, and grateful for the privilege to work with so many talented people.
— Mihailo Bjelic, Co-founder, Polygon
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