The co -founder of Polygon, Sandeep Nailwal, has officially assumed the role of CEO of the Polygon Foundation, marking an axis in the leadership composition of the organization and a broad review of the long -term road map of the network.
Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team to Agglayer, the new liquidity protocol of the Polygon cross chain that promises perfect interoperability in the networks.
“This renewed control marks the beginning of a strategic impulse so that Polygon claims its position at the forefront of Web3,” the team wrote in a press release shared with Coindesk
As Executive Director, Nailwal will direct long -term planning, guide the key initiatives of the ecosystem and guarantee that the base, which supervises the Polygon Laboratories and other affiliated entities, offers “exponential growth, greater approach and greater value for dusters,” according to the Foundation.
In its early days, the lateral test of the Polygon test was marketed as a rapid and low -cost alternative to Ethereum, providing users with access to decentralized applications without the load of high gas rates. He quickly rose to prominence as an Ethereum scale solution.
But the activity has cooled since then. Blocked total value (TVL) in Polygon Networks has fallen to around $ 1 billion, almost 90% since its June 2021 of $ 9.79 billion, for mandatory.
Polygon has given ground to a new wave of Ethereum scale networks, namely, “layer 2” such as optimism and referee, which offer similar users of users but with a more strict Ethereum compatibility and more sophisticated security systems. Polygon’s hugged, Zkevm, occupies the 27th by TVL between Capa 2, according to L2Beat, which remains far behind its new competitors.
Now, the ZKEVM experiment is eliminating. Polygon said he will give the sunset at the beta of Zkevm Mainnet in 2026, citing the developer’s friction, architectural limitations and slow adoption. “To guarantee a transition without problems, the sequencer will remain live during the next twelve months,” the team said.
The decision also comes with a change of key personnel: Jordi Baylina, Polygon’s zero knowledge research leader, will get his own project, Zisk.
As part of his strategic restart, Polygon will double in his emblematic post Sidechain, now aimed at the financial assets of the real world (RWAS). The Foundation mocked an “ambitious roadmap” with milestones to transform the chain into a network of “gigagas” capable of processing 100,000 transactions per second and securing billion in tokenized assets.
The Polygon reorganization reflects the changes in the Ethereum Foundation, which recently restructured its leadership and renewed its road map in a process led by the co -founder of Ethereum, Vitalik Buterin.
In a publication about X, Nailwal said that Ethereum’s “existential crisis” had pressed Polygon to review his central identity, returning to a more bold, most agile and decisive mentality of “zero to one.”
Its declared objective: “Offer greater value to Pol Stakers and provide greater clarity to the broader market.” Pol, previously called Matic, is Polygon’s native token. The asset can be “bet” with the Post of Polygon to help ensure it in exchange for rewards.
The moment of renewal, Nailwal suggested, could work in favor of Pol.
“The SEC has eliminated its research and demands related to MBIC as security, which should never have existed given the nature of Matic (and now Pol),” he wrote. “We are excited to see several large market manufacturers return to the table in recent days to make markets in POL that strengthens Pol liquidity in exchanges worldwide.”
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