Polygon (POL) is currently drawing attention in the crypto market as Sandeep Nailwal officially takes on the role of CEO of the Polygon Foundation. This new position not only represents a shift in strategy but also indicates plans to scrap some projects while focusing heavily on others.
Investors are closely monitoring to assess the impact of this decision on prices and the future prospects of POL.
Sandeep Nailwal takes office at a critical time for Polygon
It should be emphasized that Sandeep Nailwal is one of the original co-founders of Polygon and is the largest POL holder. He has officially announced that he will take on the position of CEO of the Polygon Foundation.
This is the first time he has directly controlled the fund, which oversees Polygon Labs and other branches of the ecosystem. In his statement, Nailwal asserted that the era of passive and uninformed participation in the project has ended. He emphasized that the current situation of the digital asset ecosystem and internal changes at Polygon require a more proactive intervention.
He stated that he would stop the zkEVM project by 2026 and shift all attention to Polygon PoS and the Agglayer network. This strategic focus aims to enhance transaction performance and target stablecoin payments as well as real assets.
In addition, he also announced updates related to the Gigagas testnet, which has been launched and aims to achieve 1,000 transactions per second (TPS) by July. According to the plan, the future target is set at 5,000 TPS by September and 100,000 TPS in the near future.
Nailwal noted that Agglayer v0.3 will be released on June 30, although rapid interoperability is only expected to be available in Q3. Airdrop programs are also being prepared for POL holders.
This leadership change comes at a time when Polygon still maintains a strong cash reserve and does not require external funding. Nailwal believes that this will help the network operate faster and create more value for investors.
Internal Changes
Nailwal's decision to take on the role of CEO is also related to the departure of several co-founders over the past two years. Jaynti Kanani and Anurag Arjun left the company in 2023 to pursue other projects. Recently, Mihailo Bjelic also resigned from the fund's board of directors in May 2025, citing differences in vision as the main reason.
These departures have created tension and left a leadership void that Nailwal is currently stepping into to fill. He believes that the board structure has slowed down the decision-making process in the past. By adopting a startup-like approach, he hopes to help Polygon quickly adapt to the new fluctuations of the crypto market.
This context is further reinforced by the strong recovery of the crypto market following Donald Trump's election victory in November 2024. With Bitcoin reaching $109,000 and Ethereum trading around $2,700, there is a new momentum in the digital asset market. Sandeep Nailwal sees this as an opportunity for Polygon to reaffirm its position.
POL Price: Will the new direction bring results?
The price of POL has become the center of attention as the leadership of the network has been reestablished. As of now, POL is trading at 0.2222 USD, down 0.47%. The U.S. Securities and Exchange Commission (SEC) retracting the lawsuit against MATIC has restored confidence among investors, increasing liquidity on exchanges.
POL price chart | Source: Bitcoin MagazineIt should be noted that Nailwal's roadmap could enhance the token's value if there are rapid developments. The main objectives include improving TPS, launching Agglayer updates, and fulfilling the airdrop commitment for long-term investors.
Currently, all eyes are focused on the release of Agglayer v0.3 on June 30. This will be an important test to see if the restructuring under Nailwal's leadership can stimulate the breakthrough that investors are expecting in the price of POL.
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Polygon (POL) is breaking out, what is driving the price up?
Polygon (POL) is currently drawing attention in the crypto market as Sandeep Nailwal officially takes on the role of CEO of the Polygon Foundation. This new position not only represents a shift in strategy but also indicates plans to scrap some projects while focusing heavily on others.
Investors are closely monitoring to assess the impact of this decision on prices and the future prospects of POL.
Sandeep Nailwal takes office at a critical time for Polygon
It should be emphasized that Sandeep Nailwal is one of the original co-founders of Polygon and is the largest POL holder. He has officially announced that he will take on the position of CEO of the Polygon Foundation.
This is the first time he has directly controlled the fund, which oversees Polygon Labs and other branches of the ecosystem. In his statement, Nailwal asserted that the era of passive and uninformed participation in the project has ended. He emphasized that the current situation of the digital asset ecosystem and internal changes at Polygon require a more proactive intervention.
He stated that he would stop the zkEVM project by 2026 and shift all attention to Polygon PoS and the Agglayer network. This strategic focus aims to enhance transaction performance and target stablecoin payments as well as real assets.
In addition, he also announced updates related to the Gigagas testnet, which has been launched and aims to achieve 1,000 transactions per second (TPS) by July. According to the plan, the future target is set at 5,000 TPS by September and 100,000 TPS in the near future.
Nailwal noted that Agglayer v0.3 will be released on June 30, although rapid interoperability is only expected to be available in Q3. Airdrop programs are also being prepared for POL holders.
This leadership change comes at a time when Polygon still maintains a strong cash reserve and does not require external funding. Nailwal believes that this will help the network operate faster and create more value for investors.
Internal Changes
Nailwal's decision to take on the role of CEO is also related to the departure of several co-founders over the past two years. Jaynti Kanani and Anurag Arjun left the company in 2023 to pursue other projects. Recently, Mihailo Bjelic also resigned from the fund's board of directors in May 2025, citing differences in vision as the main reason.
These departures have created tension and left a leadership void that Nailwal is currently stepping into to fill. He believes that the board structure has slowed down the decision-making process in the past. By adopting a startup-like approach, he hopes to help Polygon quickly adapt to the new fluctuations of the crypto market.
This context is further reinforced by the strong recovery of the crypto market following Donald Trump's election victory in November 2024. With Bitcoin reaching $109,000 and Ethereum trading around $2,700, there is a new momentum in the digital asset market. Sandeep Nailwal sees this as an opportunity for Polygon to reaffirm its position.
POL Price: Will the new direction bring results?
The price of POL has become the center of attention as the leadership of the network has been reestablished. As of now, POL is trading at 0.2222 USD, down 0.47%. The U.S. Securities and Exchange Commission (SEC) retracting the lawsuit against MATIC has restored confidence among investors, increasing liquidity on exchanges.
Currently, all eyes are focused on the release of Agglayer v0.3 on June 30. This will be an important test to see if the restructuring under Nailwal's leadership can stimulate the breakthrough that investors are expecting in the price of POL.
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