Michaela
In a significant leadership shift for the Polygon ecosystem, co-founder Sandeep Nailwal has announced he is taking full executive control as the first CEO of the Polygon Foundation.
Nailwal confirmed his assumption of the CEO role in a recent announcement on X — clarifying that Marc Boiron will retain his position as CEO of Polygon Labs, a significant entity operating under the Foundation’s ownership and oversight.
Nailwal said that his decision to assume the CEO role stems from his conviction that Polygon requires clear direction and focused execution during its current phase. “With a healthy treasury and several hundred million in cash, we’re in a great position to keep building for the long term, without any distractions or pressure to raise,” Nailwal wrote.
In a series of strategic directives, Nailwal outlined a clear path forward designed to significantly enhance value for Polygon Ecosystem Token (POL) stakers and provide greater transparency to the broader market.
Nailwal announced Polygon’s refined focus: the zkEVM will be deprecated next year, with resources redirected solely to Polygon PoS and AggLayer. Polygon PoS will target stablecoin payments and RWAs, while AggLayer aims to build a trustless “Internet of Blockchains.”
Additionally, Nailwal reported the Polygon PoS GigaGAS roadmap’s first milestone is live on testnet, projected to reach over 1,000 transactions per second (TPS) by early July. Future upgrades plan for sub-1-second finality and over 5,000 TPS, potentially placing Polygon PoS among top performers by fall, with a long-term goal of 100,000+ TPS. This is expected to boost POL staker value.
Furthermore, the AggLayer v0.3 is set to roll out by June 30th, with full fast interoperability by Q3. The AggLayer Breakout program will continue, with ZK research, like Polygon ZisK, being spun out for more neutral contribution. Nailwal noted that the U.S. Securities and Exchange Commission (SEC) SEC dropping its MATIC investigation has encouraged market makers to return, strengthening POL liquidity. Finally, the Polygon brand will now be central to AggLayer, and major announcements will come directly from Nailwal’ X account.
“So why am I doing this? During 2021-22, we made a real effort to institutionalise the project by onboarding some amazing people as co-founders and board members and laying the foundation for scaling Polygon from the 10-100 stage of a venture,” Nailwal wrote. “But little did I know, Ethereum itself was going to go into an existential crisis that would pull Polygon and the entire Ethereum ecosystem right back to the 1-to-10 stage … or by some measures, even 0-to-1,” he added.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
