The governance of Polygon is undergoing significant changes, and co-founder Sandeep Nailwal has taken over as the chief executive officer of the Polygon Foundation. Given that, according to Defillama’s data, Polygon’s total locked value (TVL) has dropped from over $10 billion at its peak to slightly above $1 billion as of the time of publication, this move is presseful. Nerwal attributed the platform’s decline to the changes in the Ethereum roadmap and the transformation of the crypto industry.
Against this backdrop, Polygon is reevaluating its structure and priorities, shifting from a purely research-oriented development to a user-centered design ecosystem. Nerwal said that the crypto industry has shifted from being research-centered to user-centered, and Polygon needs to make corresponding changes. Institutional setup and board structure contribute to stability, but they often lead to ordinary decisions rather than the decisive and proactive actions required to achieve exponential growth.
After Nervall took over, he announced a comprehensive update to Polygon’s technology roadmap, including phasing out Polygon zkEVM by 2025 and redirecting all development efforts to two core pillars: Polygon PoS and AggLayer. Polygon PoS will narrow its focus to real-world asset and stablecoin transactions, while AggLayer aims to unify the blockchain network into a seamless and trustless environment. As part of this transformation, AggLayer v0.3 will be launched at the end of June, and the interoperability function is expected to be realized by the end of the third quarter.
The foundation has deployed the first milestone of its PoS upgrade plan, namely the Gigagas roadmap. This stage enables the network transaction speed on the test network to exceed 1,000 transactions per second. The upcoming upgrade aims to achieve sub-second final confirmations and a performance of over 5,000 transactions per second. The long-term expansion plan aims to exceed 100,000 transactions per second. Nerwal also confirmed that the AggLayer Breakthrough program will continue, incubating research teams and distributing POL airdrops to stakers. The next incubation project, Polygon Zisk, will be led by Jordi Baylina and focus on applying zero-knowledge proof (ZK) technology.
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