Polygon Co-Founder Mihailo Bjelic Resigns Amid Leadership Shifts

Mihailo Bjelic, co-founder of Polygon, announced his resignation from the project, marking the third founder exit this year. This event unfolded on May 23, 2025, causing noticeable market reactions.

Investor concerns rise as Bjelic, the third original co-founder this year, steps down, signaling potential instability for Polygon’s future.

Background and Impact

Mihailo Bjelic, Polygon’s co-founder, announced he would be stepping down from his roles, marking significant leadership changes. See more

This follows the exits of two fellow co-founders, leaving Sandeep Nailwal as the sole original co-founder actively involved. See more

Bjelic contributed significantly to Polygon’s growth since 2019, propelling the project into a leading Ethereum scaling solution. His departure raises concerns about leadership continuity, although he expressed confidence in Polygon’s direction moving forward. Bjelic’s resignation led to a 3.7% drop in Polygon’s native token, POL. This decline reflects investor tensions about the project’s future, exacerbated by three out of four original founders departing in a short span.

Long-term Implications

Historically, founder departures in major crypto projects result in short-term volatility. The long-term outcomes depend on team strength, technology maturity, and governance frameworks, crucial for maintaining investor confidence. Polygon’s established infrastructure and technological advancements position it as a key player in Ethereum scaling. However, ongoing founder exits demand clarity in leadership vision and sustainable business strategies for future success.

“Polygon was born in 2019, and we’ve come a long way since then. 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. I’m proud of this, and grateful for the privilege to work with so many talented people.”

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