Polygon Loses Another Founder - Is the Layer 2 Giant in Trouble?
Polygon co-founder Mihailo Bjelic resigns—marking the third major exit amid questions about project direction.
In a surprise move, Polygon co-founder Mihailo Bjelic has stepped down, making him the third key founder to exit the project in recent months. As one of the most prominent Layer 2 scaling solutions for Ethereum, this leadership shake-up is raising eyebrows across the crypto space.
Polygon (formerly Matic) has been a vital player in reducing Ethereum’s congestion and transaction costs, attracting major brands like Nike, Reddit, and Starbucks. But a wave of executive departures may signal internal restructuring—or deeper uncertainty about the platform’s long-term vision.
For investors, the news injects short-term volatility and questions about continuity. Still, Polygon’s ecosystem remains robust, with thousands of dApps and developers relying on its infrastructure. The project is also transitioning toward a broader “Polygon 2.0” roadmap, aiming to unify multiple Layer 2 chains under one ecosystem.
Leadership transitions aren’t uncommon in crypto, but three founder exits in quick succession may test community confidence.
