New Era of Polygon: Sandeep Nailwal’s Iron Grip
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Key Notes Polygon co-founder Sandeep Nailwal has assumed the role of CEO at the Polygon Foundation. Polygon is sunsetting its zkEVM product to concentrate entirely on Polygon PoS and Agglayer. POL is regaining liquidity support as it aims to break out from a strong technical base near $0.22. A new chapter has begun for Polygon. In a landmark shift for the Ethereum scaling giant, co-founder Sandeep Nailwal has officially assumed the role of CEO at the Polygon Foundation, while the network repositions itself for aggressive growth and protocol consolidation. Nailwal’s announcement, made via a detailed post on X, comes as he assumes direct control over the foundation overseeing multiple entities within the Polygon ecosystem, including its primary contributor, Polygon Labs. Marc Boiron remains CEO of Polygon Labs, but Nailwal will now steer broader strategic decisions from the top, citing a need for clearer execution in what he described as a “zero-to-one” phase for the protocol. “Polygon needs sharp execution, bold bets, and fewer layers of institutional red tape,” Nailwal said, expressing dissatisfaction with previous attempts at decentralizing leadership structures. Polygon PoS and Agglayer Take Center Stage A major part of the overhaul includes the deprecation of Polygon’s zkEVM product by next year. Nailwal made it clear that the project’s core focus moving forward will center around two components: the Polygon PoS chain and Agglayer. BIG update – As the largest holder of POL and someone who dedicated his life to development and success of @0xPolygon from the very beginning, I have decided to take full control of Polygon Foundation and will be its CEO going forward. Polygon Foundation owns and oversees… — Sandeep | Polygon (※,※) (@sandeepnailwal) June 11, 2025 Polygon PoS will be positioned for stablecoin payments and tokenized real-world assets (RWAs), while Agglayer, a cross-chain interoperability protocol, is…
Filed under: News - @ June 11, 2025 3:27 pm