On 11th of June, Polygon co-founder Sandeep Nailwal announced he will become the chief executive officer of the Polygon Foundation. In the same statement, he said he now holds unilateral control of the nonprofit.
Nailwal made the news via a tweet as he spoke at length about his vision and the changes ahead for the network and for POL token stakers.
New Leadership at the Foundation
Nailwal has served as chief operating officer since Polygon’s early days. He is now its last active co-founder after Mihailo Bjelic, Jaynti Kanani, and Anurag Arjun stepped back.
As the largest POL holder, Nailwal said he chose to lead the Foundation directly. He believes Polygon needs fast, founder-led decisions rather than a more passive, institutional style of governance.
Bold Roadmap and Focus
The new CEO laid out a series of major shifts. He said Polygon will deprecate its zkEVM chain next year. Going forward, all efforts will go into two pillars. The first is Polygon PoS, which will evolve into the high-throughput GigaGAS chain.
The second is Agglayer, the network’s cross-chain aggregator. This clear focus marks a change from supporting multiple parallel chains to backing just these core products.
Evolving to GigaGAS
Nailwal shared that the first milestone of the GigaGAS roadmap is now live on testnet. It pushes capacity beyond one thousand transactions per second.
By September or October, the network should hit five thousand transactions per second with near-instant finality and no reorgs.
He said the path is set to reach one hundred thousand transactions per second in the coming years. These upgrades aim to boost the chain’s economic value and rewards for POL stakers.
Agglayer on the Horizon
Agglayer version 0.3 is set to roll out in the week of June 30. That release is feature-complete. Final fast interop tools are due by the end of the third quarter.
Nailwal called this a return to “massive shipping mode.” He also noted a program to spin off projects from Agglayer, which could include further airdrops to token holders and new zero-knowledge research efforts under a neutral brand called Polygon ZisK.
Foundation Focus and Branding
With SEC investigations into MATIC now closed, Nailwal said market makers are returning. That should improve liquidity for POL worldwide.
The Foundation will run education campaigns as it swaps the MATIC name to POL , and it will fold the neutral Agglayer brand into the more familiar Polygon identity. He urged followers to watch his Twitter for future announcements.
MATIC’s Price Actions
Despite the sweeping plan, the price of MATIC saw no immediate change. It traded at 21.93 cents after the news. Traders and observers will watch closely as the core upgrades move from testnet to mainnet.
By placing a single founder at the helm, Polygon is shifting to a more agile startup mindset. Nailwal’s roadmap puts a heavy emphasis on scaling and simplifying the product suite.
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