Is Polygon In Distress? Mihailo Bjelic Is Third Founder to Exit

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Well, well, well! Look who’s decided to take a leisurely stroll away from the Polygon Foundation—Mihailo Bjelic! Yes, the man who co-founded this whole shebang has decided to step down, making him the third founder to exit stage left after Jaynti Kanani and Anurag Arjun. But don’t worry, he’s not disappearing into the crypto abyss; he’ll be cheering from the sidelines like a proud parent at a school play. 🎭

Why is Bjelic Stepping Down From Polygon Leadership?

Now, before you start clutching your pearls, Bjelic didn’t exactly spill the tea on why he’s leaving. He did mention that the project has matured—like a fine wine or that cheese you forgot in the back of the fridge. “It is natural for visions to evolve, and sometimes diverge,” he said, which sounds suspiciously like a breakup text. 💔

PSA: 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.

I was introduced to crypto in 2013 (damn, time flies). By 2017, I was deep down the rabbit hole, fascinated by…

— Mihailo Bjelic (@MihailoBjelic) May 23, 2025

But fear not! Bjelic is still optimistic about Polygon’s future. He’s promised to support the Layer-2 scaling solution from the background, which is basically the crypto equivalent of being a ghostwriter. 👻

Now, let’s not forget that Bjelic joins the ranks of Kanani and Arjun, who also decided to leave their active roles. Arjun was the first to jump ship in March 2023 to focus on his own modular blockchain project, Avail, which went live in 2024. Talk about a midlife crisis! 🚀

Seven months later, Kanani also decided it was time to retire. And now, Sandeep Nailwal is the last co-founder standing on the board. It’s like a game of musical chairs, but with more blockchain and less music.

All four of them started this Ethereum-based L2 adventure eight years ago, and boy, have they come a long way! From Matic Network to Polygon, they’ve seen it all. They even managed to migrate the MATIC token to POL, which is like changing your name after a messy breakup. 💔➡️💖

“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,” Bjelic tweeted on May 23, 2025. Sounds fancy, right?

But wait, there’s more! Bjelic has been in the crypto game since 2013, which is practically ancient in this fast-paced world.

Is Polygon In Distress?

Now, the crypto community is buzzing like a beehive after Bjelic’s exit. Some folks are worried about this trend of founders leaving, and they’re calling it a loss for Polygon. After all, Bjelic has been a key player in some major advancements. 🐝

Others are speculating that there might be a problem brewing in the ecosystem, but let’s be real—no one has any solid proof. Polygon did face some hiccups at the start of 2025, with declining network health. Analysts were sweating bullets, fearing that POL would take a nosedive.

As of now, POL is trading at $0.2368, down 3.72%. So, if you’re holding onto your POL, maybe it’s time to check your pulse. 😬

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2025-05-25 01:03