Polygon’s New Boss: Sandeep Nailwal Takes the Helm 😎🚀

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Polygon‘s New Boss: Sandeep Nailwal Takes the Helm 😎🚀

In a twist that surprises no one (except maybe the clouds), Sandeep Nailwal, the co-founder turned CEO—because who needs democracy when you have a dream—has seized control of Polygon Foundation. As the first CEO in history, he’s steering this ship with all the finesse of a captain who just found out the ship isn’t sinking… yet.

The foundation, once a proud beacon of decentralized governance—like a village council that decided to give all power to one guy—will now bow to Sandeep’s iron grip. His mission? To make Polygon more competitive in the layer-2 arena—because apparently decentralized governance is overrated when compared to outright control. 🤔

“At our beginnings, Polygon was all about bold execution and big goals,” Nailwal proclaimed, possibly dreaming of glory, or maybe just a power surge. “During 2021–23, we made a real effort to institutionalize the project by onboarding some amazing people as co-founders, set up a board, and had a period of intense tech research and exploration.” Translation: We tried to be serious, but now it’s time to get serious-er.

“Now, it is time to again move fast, aggressively and with full conviction and focus,” he added, probably while polishing his CEO badge and ignoring a pile of unresolved issues. 🎯

Meanwhile, the tokens are sulking—down over 80% from their peak, giving traders and investors the kind of panic attack that only nostalgia for better times can induce. Data from CoinMarketCap paints a picture of hope lost, and patience wearing thin.

Polygon Focus Shifts: Enter AggLayer, Exit zkEVM

The foundation’s new mantra: “Let’s make Interoperability Great Again.” Enter AggLayer, promising to unite those scattered chains into something that looks less like a chaotic jumble of spaghetti and more like a gourmet pasta dish. Version 0.3 is slated for year-end, with the foundation planning to slap the Polygon brand on it so everyone knows who’s boss. 🍝

And just to keep things interesting, they’re killing off the zkEVM chain by 2026—because who needs performance bottlenecks when you can have nostalgia? The new GigaGAS chain aims to process over 100,000 transactions per second. Fast enough to handle payments in the time it takes to decide what to order for lunch. 🍕

Upcoming upgrades include Bhilai in July—faster finality, lower fees, and integration with AggLayer. Partners like JPMorgan and Stripe seem pretty excited (or maybe just tired of waiting). 💸

Who Left and Who Stayed?

In a drama worthy of a soap opera, co-founder Mihailo Bjelic bowed out on May 24, giving a speech about reflection and winding things down. Because nothing says “team spirit” like quietly disappearing when the spotlight hits.

Two other founding heroes, Jaynti Kanani and Anurag Arjun, earlier decided to try new adventures—probably looking for simpler projects, like knitting or growing carrots—and left the scene, leaving Nailwal to hold the fort. 🚪

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2025-06-11 13:33