Polygon’s Co-Founder Bails—What’s Next for the Layer-2 Heavyweight?

Another crypto founder jumps ship—just as the project hits its stride. Polygon’s co-founder exits stage left, leaving investors to wonder: Is this a strategic retreat or a red flag?

The timing couldn’t be more ironic. With institutional money finally warming to crypto (after years of sneering), Polygon’s leadership bench just got thinner. Now the remaining team must convince markets this isn’t another ’decentralization theater’ exit.

One thing’s certain: In crypto, loyalty lasts exactly as long as the next bull run. And with ETH 2.0 looming, Polygon’s crossroads moment just got a whole lot more interesting.

Bjelic claims he can no longer give his best to Polygon

Bjelic has played a pivotal role in taking Polygon to greater heights. In 2017, he co-founded the well-known ethereum Layer 2, originally named Matic Network, along with Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. 

Ethereum’s Layer 2 scaling solutions provide many advantages for the Ethereum network. These benefits include faster transaction times, lower fees, and better scalability. As a Layer 2 solution, Polygon uses these features to boost its own performance and improve the experience for its users. 

In support of this, it is evident that the firm has made significant contributions to blockchain research and development, particularly in zero-knowledge and proof-of-stake technologies.

Polygon introduced MATIC for POL-on a one-to-one basis in late 2024 and initiated a token migration as a part of its 2.0 plan. This change was to drive more usage of the network’s main token for gas fees, staking, and infrastructure such as AggLayer. 

Following Polygon’s success, Bjelic’s 10+ years of experience as an IT engineer building technology products and platforms were greatly honored.

However, on Friday, May 23,  Bjelic shared an X post stating that he could no longer give his best to Polygon. Based on his explanation, as projects developed and evolved, it was natural for ideas to shift and sometimes become divided up. Afterward, Bjelic mentioned that Polygon leaders seemed sincerely dedicated to seeing the project prosper. He then offered support to them from the sideline and for whatever he could do to assist.

Following his resignation, Nailwal praised Bjelic in an X post, stating he was not only a co-founder but also a brother to him. He added, “From the earliest days — whiteboards full of ideas, endless whitepapers, governance frameworks, strategy calls DEEP into the night — you have been a force behind so much of what makes Polygon.”

Bjelic reveals himself as a strong crypto believer

Bjelic revealed that he first learned about cryptocurrency in 2013. By 2017, he was really diving into it, excited by the idea of creating a worldwide, inclusive economy. Since then, he has dedicated himself to making that amazing vision a reality. 

This is evident since Polygon’s launch in 2019, as Bjelic and his colleagues have made great progress. According to reliable sources, they have achieved important advancements in zero-knowledge technology and brought on some of the biggest brands in the world, moving closer to that big dream.

By undertaking this great journey, Bjelic initially highlighted taking pride in this and felt lucky to collaborate with many skilled individuals. 

Concerning his resignation, he mentioned that he still felt just as enthusiastic about the potential of cryptocurrency to change systems, empower people, and build a fairer world. Therefore, he added that this belief continues to motivate him, and as a result, he will probably be seen around.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot