Polygon | Crypto

Fellow Polygon co-founder Sandeep Nailwal said that Bjelic has always been “a force behind so much of what makes Polygon what it is today.” Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity. His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months. “After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post. Read more

Polygon concluded Q1 2025 with advancements across its ecosystem, anchored by the activation of pessimistic proofs on the Agglayer mainnet. This milestone established a foundational security mechanism for cross-chain interoperability, enabling integrations with Tria, SOCKET Protocol, Karate Combat, and Rome Protocol. Agglayer’s roadmap remains active, with multistack support and fast finality features slated for later in the year, positioning it as a key enabler of secure, low-latency blockchain interoperability. On the network side, Polygon PoS experienced moderate growth in activity, with daily active addresses rising 4.4% QoQ and daily transactions increasing 8.0% QoQ. The stablecoin sector emerged as the leading category by active addresses on Polygon PoS, growing its supply by 23.3% QoQ to $2.0 billion, while DeFi and NFT activity also rebounded. Notable developments included a 68.2% QoQ increase in daily NFT trading volume, primarily driven by the surge in tokenized assets like Pokémon NFTs through Cour...