Polygon Co-Founder Mihailo Bjelic Steps Down - Another Major Leadership Shift
Mihailo Bjelic, one of the co-founders of Polygon, has stepped down from his role on the Polygon Foundation board. This marks the third high-profile exit from Polygon’s original founding team in less than two years. Jaynti Kanani left in October 2023, followed by Anurag Arjun in March 2023. Now, Sandeep Nailwal remains the only original co-founder still actively leading the project.
In a statement, Bjelic explained that teams grow and evolve, and sometimes that means people move in different directions. While stepping away from daily operations, he said he still strongly believes in the future of crypto and plans to stay active in the space.
Bjelic’s exit comes at a time when Polygon is pushing forward with big plans, including its Agglayer Breakout Program and a new partnership with India’s Jio Platforms to expand Web3 services.
Industry voices, including Nailwal, praised Bjelic’s contributions to building Polygon into a leading Ethereum scaling solution. However, his departure raises questions about leadership stability.
As of now, Polygon’s token MATIC is trading around $0.237, down 5% in 24 hours. Still, with strong partnerships and a clear roadmap, Polygon remains a key player in the evolving blockchain space.