Polygon | Crypto

Polygon co-founder Jordi Baylini continues to serve Polygon in an advisory capacity. Polygon co-founder Jordi Baylina has spun off a new zero-knowledge project called ZisK — an independent initiative aimed at supporting multiple programming languages and accelerating the adoption of decentralized technologies. ZisK is a fully open-source zero-knowledge virtual machine (zkEVM) stack initially developed at Polygon, the new company said in a Wednesday social media post. Baylina said his main focus will shift to developing ZisK, but he will continue to serve Polygon in an advisory role.  The Baylina-led spinoff will house seven additional developers, described as the “core minds behind the Polygon zkEVM prover.” According to ZisK, the development team has worked together for at least three years.  Read more

Co-founder and new CEO Sandeep Nailwal opens up about dissolving Polygon’s board, closing zkEVM and why claiming sole leadership is the network’s best shot at relevance. Polygon co-founder Sandeep Nailwal is charting a new course for the network, backing a singular leadership model as essential to its future. In an interview with Cointelegraph, Nailwal said the shift away from board-led governance isn’t just a structural change but a strategic response to inefficiencies that have slowed Polygon’s momentum. On June 11, he announced he would take over as CEO of the Polygon Foundation, describing the decision as necessary to bring “clear direction and focused execution” to the project’s next chapter. Read more

Nailwal had previously said that Polygon zkEVM's deprecation stems from changing priorities and the product's failure to maintain a meaningful strategic role within the ecosystem.

Polygon’s governance is undergoing a significant transformation, with co-founder Sandeep Nailwal stepping in as the Foundation’s first CEO. In a June 11 post on X, Nailwal said: “As the largest holder of POL and someone who dedicated his life to development and success of Polygon from the very beginning, I have decided to take full […] The post Polygon’s governance revamp to focus on stablecoin payments and AggLayer appeared first on CryptoSlate.

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...