Mihailo Bjelic, co-founder of Polygon, announced his resignation from the board and day-to-day operations on May 23, 2025, via his Twitter account.
His departure marks the third co-founder exit in two years, raising questions about Polygonโs future strategy and market stability.
Mihailo Bjelic Leaves; Third Exit in Two Years
Mihailo Bjelic has stepped down from a leadership role at Polygon, marking a significant moment in the projectโs history. He has been a key driver of Polygonโs development and strategy.
After much thought and reflection, Iโve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,noted Bjelic.
As a co-founder, Bjelic played a pivotal role in Polygonโs technical upgrades. His departure follows those of Jaynti Kanani and Anurag Arjun, signaling significant changes within the leadership team.
Market Responds Cautiously to Bjelicโs Departure
The immediate market impact has been minimal, as there are no reported shifts in token allocations or liquidity movements. However, the ecosystemโs stakeholders remain watchful for potential longer-term repercussions.
The exit underscores a period of transition in Polygonโs governance, raising speculation about future leadership dynamics. Initial reactions suggest community concern but confidence owing to existing robust governance structures.
Polygonโs Resilience: A Historical Perspective
Historically, leadership changes in blockchain projects like Ethereum have not halted progress. Polygonโs past resilience during co-founder exits offers a potential roadmap for stability.
Experts from Kanalcoin suggest that while Bjelicโs departure might shock the community, Polygonโs established governance can navigate these waters as prior adjustments have shown in similar scenarios.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |