The Rio upgrade has successfully been deployed to the Polygon POS Amoy TestNet, marking an important step in significantly scaling the capacity of the network.

Polygon has deployed Rio Upgrade, a central step in the Gigagas roadmap that shapes the design of the network. The upgrade is intended to increase the mainnet capacity to 5,000 transactions per second. This is a sudden jump from the current level.

The upgrade was confirmed by X’s Polygon team.

“The Rio upgrade will be live on Polygon Pos Amoy Testnet.”

Blog: https://t.co/SdCB2ea7Yt pic.twitter.com/mw0LebqhGq

— Polygon (@0xPolygon) September 12, 2025

At the heart of the upgrade is a new system called Validator-Elected Block Processers (VEBLOP).

This model shifts more control over validators, which play a more powerful role in determining how blocks are generated. Polygon says the change will improve fairness and efficiency while enhancing decentralization.

Other changes include Stateless block validation, which reduces the cost of validators by reducing the data burden of node execution.

Upgrades also eliminate block reorganization. This is a move aimed at increasing stability and stopping unfair reconstruction of block production.

The update is not technical. It comes when the polygon’s native token, Rio/USDT, shows signs of recovery. After several weeks of decline and side-to-side trading, the tokens went above $0.31 this week.

Together, network overhauls and token rebounds mark moments that are prominent for the polygon. Rio upgrades signals when the project is at the top. Towards a structure designed for faster, lower cost, and wider use with payment and asset tokenization.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

Rio Price Prediction: Can Rio maintain the rally towards the $0.34-$0.35 resistance zone?

After weeks of pressure, Rio suddenly recovered, avoiding a $0.23 drop from $0.34 in August. The turning point occurred on September 9th, when trading volumes rose sharply, when buyers took control and unlocked more tokens.

Rio’s 50-day EMA was $0.2729 and the 100-day EMA was $0.2696, with its latest closing price of $0.3137, which was +3.26% higher than its previous closing.

(Source – Rio USDT. TradingView))

This reversal marks a bullish reorganization, usually followed by a stronger gathering.

The momentum is clear on the charts. Lowering and growing green candles indicate a build-up of confidence, with decisive moves beyond the $0.30 area changing the mood.

The next key test is $0.3176. Clean breaks to that level may open the road to the $0.34 that will be last seen in mid-August.

Support is currently at a level of $0.28, with additional protection being in the $0.27 EMA cluster.

The structure resembles a classic inversion: a long downtrend followed by accumulation, and a breakout backed by an increasing volume. Its volume profile suggests that both retail and institutional money is involved.

Analysts say the short-term focus is in the $0.3176 to $0.32 range. With a high sustained push, profits can range from $0.34 to $0.35, which can reach psychological barriers. However, if the token fails to adhere to $0.30, the profit could be back to $0.28.

Overall, the outlook is bullish, but it is likely volatile as Rio works through these levels of resistance.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

How does Rio upgrade make transactions faster and cheaper?

Upgrading polygon Rio is another move that will remain competitive with network scaling.

This update is intended to increase throughput and reduce the final time of transactions, and therefore to create transactions faster and cheaper for users and developers.

Another biggest change is the increased role of validators. Polygon wants to enhance decentralization of the system and maintain a low-cost system by assigning higher responsibilities.

This change serves the overall purpose of establishing a platform that helps you manage global payments and manage tokenization of your actual assets.

The Rio upgrade is a series of major upgrade improvements from the previous year. In September 2024, Polygon renamed the native token to Pol. It is used throughout the ecosystem.

Next, in June 2025, Bhilai Hard Fork released the first step in its Gigagas Roadmap, increasing its throughput to 1,000 transactions per second, increasing the stability of its gas bills.

A month later, Heimdall V2 reduced the transaction’s finality to about 5 seconds, clearing outdated code. In summary, these updates show a steady push to strengthen the technical foundation of polygons.

With Rio currently live, the network continues to build towards greater efficiency, stability and decentralization, aiming to meet the demands of the evolving blockchain market.

Discovered: 20+ Next Cryptocurrency Exploding in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

Polygon Labs announced Sept. 12 that it is partnering with Dubai-based Cypher Capital to expand institutional access to POL, the native asset powering the Polygon blockchain, across the Middle East.

The initiative marks the first in a series of efforts to bring professional investors into direct engagement with Polygon’s infrastructure.

POL will be positioned as an institutional-grade asset offering real yield, with roundtables, liquidity improvements, and structured opportunities aimed at funds, corporates, and other large allocators.

Polygon co-founder Sandeep Nailwal said in a statement:

“Institutional demand for real yield on crypto is already in high demand, and keeps growing.”

He added that the program is designed to “translate that value into institutional-grade opportunities, offering a path for investors to earn real yield by engaging directly with the economic engine of the Polygon ecosystem.”

Cypher Capital, a venture and investment firm active in the region, will help Polygon navigate regulatory and capital market settings.

Don’t Get Left Holding the Bag

Join The Crypto Investor Blueprint — 5 days of pro-level strategies to turbocharge your portfolio.

Brought to you by CryptoSlate

Nice Your first lesson is on the way.

Please add [email protected] to your email whitelist.

The program is expected to highlight POL as a core portfolio asset for professional investors seeking exposure to blockchain infrastructure, global payments, and real-world asset transactions.

The announcement comes as Polygon continues to advance its “GigaGas” roadmap, which Nailwal said has already delivered sub-five-second finality and throughput of up to 1,000 transactions per second.

Future milestones aim to establish Polygon as a high-performance settlement layer for the “trustless internet of value.”

The rollout illustrates a broader push by leading blockchain projects to build institutional pipelines in growth markets, where interest in digital assets and tokenized products continues to climb.

Mentioned in this article

Polygon is starting the week with fresh energy as India’s leading crypto exchange Giottos offers quick tokens in INR and USDT trading pairs. The list is opening the door for even more users in the Indian market, knowing how big the Indian crypto scene is. Pol, a Polygon Crypto Token, is testing a support level of $0.38 as the market drops.

Hams around polygons are probably also due to recent government boosts. The US Department of Commerce posted GDP data on the blockchain, which was a major move.

(Indian Crypto Market, Sources – Politician))

Meanwhile, the Philippines has notarized public funds through Bayani Chain, the polygon platform. One of the Senators, Bam Aquino, is promoting the tracking of national budgets using Polygon, citing the need to prevent tampering as his reason.

These data show the cryptographic strength of the polygon, especially in regulated finance.

(Polusd, source – TradingView))

Polygon Catalysts and Global Crypto-Emotions

Today, polygon saw a 10% profit per month, and bumps were $0.25. The Jump is powered by Courtyard NFT, the number one sales figures for 24-hour sales, and has a volume of 826 million Polcrypt tokens. Bull thinks that if the $0.58 resistance level violates a potential 53% gathering would be $0.90, but that’s far from the all-time high of Polygonal Matic. Polygon’s cryptographic poll was Matic before it was rebranded as Pol.

Grayscale is another catalyst as the company decided to add polygons to its spot ETFs.

Grayscale updated S-1 filing for Spots $ ada and $ pol ETFs are approaching the provision of cardano and polygon-regulated investment products. This means that it goes beyond more institutional interests. $ BTC and $ ethaims to provide investors with a wide range of access and diversification.

-iti fi (@yetitifai) August 30, 2025

However, the Crypto market has declined significantly this week, with its total market capitalization falling from $4 trillion to $3.77 trillion after a liquidation of $900 million.

BTC ▲0.23% It’s been below $110,000 for the first time since July, but ETH ▼-0.46% After reaching an ATH of nearly $5,000, it remained stable at around $4,300, a big dip to watch. Particularly the altcoin Sol ▼-2.62% And I was able to rebound with SOL over $200 and rebound with nearly $45 hype.

24 hours7d30D1Yeverytime

The Chronos has since been cooled down, but saw a big spike from the multi-year highs. Trump’s DJT was certainly a catalyst.

Discovered: Top Solanamime Coins to Buy in 2025

Slaughter of Pigs: The Dark Side of the Code

On the dark side of things, pig slaughter fraud wreaked havoc this week, with APAC area authorities frozen $47 million in USDT related to the fraudulent scheme. Victims have lost millions through fake romance scams and stupid crypto investments. One of the victims was a Virginia woman who ultimately lost $1.3 million.

(Crypto fraud revenue, sources – Chain Analysis))

The U.S. Department of Justice seized $225 million from the Stablecoin Investment Fraud scheme, which is part of the $5.8 billion loss projected in 2024. Scammers continue their playbooks by giving small refunds and continue to build trust before they disappear. In addition to these scams, ransomware and “wrench” attacks are also on the rise. Last year, it contributed to illegal market volumes ranging from $45 billion to $51 billion.

Crypto crime could have been immersed in a small portion of the total deal. It was recorded at around 0.14% to 0.4% of $10.6 trillion in crypto trading volume. However, as the market grows, absolute numbers still rise.

Do you recover the code? Follow us live here.

Discover: Best Meme Coin ICO for Investing in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Pump.fun $62 million buyback

by Akiyama Felix

Pump.fun, Solana Memecoin Launchpad, brought the Memecoin season to Solana on his own, with a $62.6 million pump buyback. Does it send higher and reverse the drop chart?

Buying has not stopped $Pump.

and @pumpdotfun With over 2 million revenues every day, this is a clear purchase. pic.twitter.com/6ktyykm1qd

– bitcoineo (@bitcoineo) August 29, 2025

Indian courts hammers life sentence in Bitcoin terror case

by Akiyama Felix

Big news from India. 14 defendants in the 752BTC aidation and fear tor case were handed to life sentences. This is the largest crypto crime conviction ever in India, especially with former lawmakers and 11 police officers involved.

Indian courts have highlighted the complexities of 14 people sentenced life in prison for their involvement in the Bitcoin terr scheme, regulating Indian cryptocurrency-related crimes. #bitcoin #extion

-VINCENT BUU LU (@VincentBulu1) August 30, 2025

Cryptocurrency updates: US CFTC, European mica, Japanese support, and what it means for memokine

by Akiyama Felix

Crypto is seeing some regulatory changes that are launching new opportunities. In the US, the CFTC dropped massive recommendations, paving the way for international exchange to legally serve Americans. This could be the end of an era where the focus was solely on enforcement, a more balanced approach to cryptography.

Europe has its MICA framework and is gaining bullish momentum thanks to Japan’s recent support of crypto. These changes are made at perfect timing as Crypto funds surged to $1.8 billion in August alone.

(CTFC FBOT, source – CTFC))

There are still challenges that come from Korea, but we have stopped lending activities. As reported in the news, crypto regulations are beginning to bring more stability to the space. Today we see fewer barriers and smoother access to cryptography.

In the US, CFTC’s FBOT program could potentially bring platforms like Binance back. This could potentially regain more liquidity than estimated at 15-20% over the next two years. In other news, NASDAQ surveillance technology is currently monitoring crypto derivatives as part of its regulations.

24 hours7d30D1Yeverytime

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The complete story here.

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

The Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader initiative to modernize public services and improve trust in state-issued records, local media reported on July 31.

The new platform, introduced on July 30 by the Department of Budget and Management (DBM), allows users to confirm the authenticity of documents like Special Allotment Release Orders and Notices of Cash Allocation by referencing cryptographic hashes stored on the Polygon blockchain.

The hashes serve as tamper-proof identifiers, enabling real-time validation without exposing confidential information.

The rollout comes amid rising concern over the misuse of artificial intelligence in document forgery. Officials say the system is designed to address these challenges while enhancing accountability in how public funds are allocated.

“This initiative is part of our broader commitment to integrating secure, emerging technologies into governance,” said Maria Francesca Montes Del Rosario, DBM undersecretary, during the launch event. The department partnered with Bayanichain, a local blockchain firm, to develop and deploy the infrastructure.

The announcement coincided with a temporary disruption on the Polygon network, caused by a technical issue with its Heimdall consensus layer. While core block production remained intact, several public-facing services, such as block explorers, briefly failed to display network activity.

Despite the timing, government officials confirmed the launch proceeded uninterrupted. The blockchain validation system is now accessible through an official portal that allows users to scan QR codes or enter reference codes tied to budget documents. The system checks the code against the blockchain to confirm the document’s integrity.

The Philippines joins a growing list of countries experimenting with blockchain for public record-keeping. However, the network hiccup highlights the importance of stability and redundancy when state infrastructure relies on decentralized platforms operated by third parties.

In the evolving world of blockchain technology, selecting the right platform for smart contract development is a critical decision for any business. Smart Contract Development Services have become essential for organizations looking to automate agreements, streamline operations, and build decentralized applications (dApps) that are secure, transparent, and efficient. With multiple leading platforms available, understanding the strengths and weaknesses of each is key to making an informed choice.

When searching for an Ethereum Application Development Company, you’ll find that Ethereum remains the most established and widely adopted blockchain for smart contracts. Its robust ecosystem, extensive developer community, and proven track record make it a top choice for businesses seeking reliable and innovative solutions. Ethereum’s pioneering role in introducing flexible smart contracts has set the standard for the industry, and its compatibility with a wide range of dApps ensures long-term viability for projects of all sizes.

For those exploring alternatives, a Solana Development Company can offer high-speed, low-cost solutions. Solana stands out for its exceptional throughput and scalability, making it ideal for applications that require rapid transaction processing. With a growing ecosystem and support for multiple programming languages, Solana is quickly becoming a favorite among developers looking to build fast and affordable decentralized solutions.

As you consider your options, it’s also important to evaluate Polygon, a leading Layer 2 scaling solution for Ethereum. Polygon combines the security of Ethereum with the speed and affordability of its own network, making it an attractive platform for businesses that want the best of both worlds.

Smart contracts are self-executing agreements written in code and deployed on a blockchain. They automatically enforce the terms of a contract when predefined conditions are met, eliminating the need for intermediaries and reducing the risk of disputes or fraud. This technology has found applications across industries, from finance and supply chain to real estate and digital identity.

The process of smart contract development involves several stages, including requirement analysis, design, coding, testing, security auditing, deployment, and ongoing maintenance. Each step is crucial to ensure that the contract functions as intended and remains secure against potential vulnerabilities.

Overview

Ethereum is the original and most widely used platform for smart contract development. Launched in 2013, Ethereum introduced the concept of flexible, programmable smart contracts and established the Ethereum Virtual Machine (EVM) as the standard runtime environment for executing decentralized applications.

Key Features

• Solidity Programming Language: Ethereum smart contracts are primarily written in Solidity, a high-level language designed specifically for the EVM. Solidity is accessible to developers familiar with JavaScript and other C-like languages, making it relatively easy to learn for those with programming experience.
• Extensive Ecosystem: Ethereum boasts the largest developer community and the most comprehensive set of tools, libraries, and frameworks for building dApps. This ecosystem supports everything from DeFi platforms and NFT marketplaces to gaming and supply chain solutions.
• Security and Decentralization: Ethereum’s decentralized nature and robust security model provide a high level of trust and reliability for businesses and users. The platform’s transition to a Proof of Stake (PoS) consensus mechanism has further improved its efficiency and sustainability.
• Interoperability: Ethereum’s compatibility with other blockchains and Layer 2 solutions like Polygon allows for seamless asset transfers and cross-chain functionality.

Performance and Scalability

Ethereum processes approximately 30 transactions per second (TPS), which can lead to congestion and high gas fees during peak usage. However, ongoing upgrades such as the Shanghai (Shapella) upgrade in 2023 have improved transaction speeds and reduced costs, making the platform more scalable and efficient.

Use Cases

Ethereum is ideal for:

• DeFi (Decentralized Finance): Lending, borrowing, and trading platforms.
• NFT Marketplaces: Digital art, collectibles, and gaming assets.
• Supply Chain Management: Tracking and verifying goods throughout the supply chain.
• Tokenization: Creating and managing digital assets such as ERC-20, ERC-721, and ERC-1155 tokens.

Challenges

• High Gas Fees: During periods of high demand, transaction costs can become prohibitively expensive for small users.
• Scalability Limitations: Despite improvements, Ethereum’s throughput remains lower than newer platforms like Solana and Polygo.

Overview

Solana is a high-performance blockchain designed to address the scalability challenges faced by Ethereum. With its unique consensus mechanism and architecture, Solana offers fast, low-cost transactions, making it an attractive option for businesses that require high throughput.

Key Features

• Rust Programming Language: Solana smart contracts are written in Rust, a language known for its performance and safety. The platform also supports C and C++, providing flexibility for developers.
• High Throughput: Solana can process up to 65,000 transactions per second, far exceeding Ethereum’s capabilities. This makes it suitable for applications that require rapid and frequent transactions.
• Low Transaction Fees: Solana’s efficient consensus algorithm keeps transaction costs low, typically just a few cents per transaction.
• Growing Ecosystem: While Solana’s developer community is smaller than Ethereum’s, it is rapidly expanding. The platform supports a wide range of dApps, including DeFi, NFTs, and gaming.

Performance and Scalability

Solana’s architecture is designed for speed and scalability, with a focus on minimizing latency and maximizing throughput. This makes it ideal for applications that require real-time processing and high volumes of transactions.

Use Cases

Solana is ideal for:

• High-Frequency Trading: Decentralized exchanges and trading platforms.
• NFT Marketplaces: Fast and affordable minting and trading of digital assets.
• Gaming: Real-time, blockchain-based games with in-game economies.
• Payments: Low-cost, instant payment solutions.

Challenges

• Centralization Concerns: Solana’s validator node distribution has raised questions about the platform’s decentralization and censorship resistance.
• Network Stability: During periods of extreme congestion, Solana has experienced outages and increased transaction costs.
• Ecosystem Maturity: While growing, Solana’s tooling and developer resources are not as mature as Ethereum.

Overview

Polygon is a Layer 2 scaling solution for Ethereum that enables faster and more cost-effective transactions. By building on top of Ethereum, Polygon combines the security and decentralization of Ethereum with the speed and affordability of its own network.

Key Features

• Solidity Compatibility: Polygon supports the same programming languages and standards as Ethereum, making it easy for developers to port existing dApps or build new ones.
• High Throughput: Polygon can process up to 65,000 transactions per second, matching Solana’s throughput and far exceeding Ethereum’s.
• Low Transaction Fees: Polygon’s Proof of Stake (PoS) consensus mechanism keeps transaction costs low, making it accessible for businesses of all sizes.
• Interoperability: Polygon is designed for seamless integration with Ethereum and other blockchains, enabling cross-chain asset transfers and connectivity.
• Developer-Friendly Tools: Polygon offers a range of APIs, SDKs, and development frameworks to simplify the process of building and deploying dApps.

Performance and Scalability

Polygon’s Layer 2 architecture allows it to offload transaction processing from the Ethereum mainnet, reducing congestion and lowering costs. This makes it an ideal solution for businesses that want to leverage Ethereum’s security while benefiting from faster and cheaper transactions.

Use Cases

Polygon is ideal for:

• DeFi Platforms: Decentralized exchanges, lending, and borrowing protocols.
• NFT Marketplaces: Affordable minting and trading of digital assets.
• Gaming: Blockchain-based games with in-game economies and digital collectibles.
• Enterprise Solutions: Supply chain management, identity verification, and more.

Challenges

• Dependence on Ethereum: While Polygon offers significant advantages, it is still ultimately tied to Ethereum’s security and infrastructure.
• Ecosystem Maturity: Polygon’s ecosystem is growing rapidly but is still less mature than Ethereum’s.

To help businesses make an informed decision, here is a side-by-side comparison of the three platforms:

Choosing the Right Platform

The choice between Ethereum, Solana, and Polygon depends on your business needs and technical requirements:

• Ethereum is best for businesses that prioritize security, decentralization, and access to the largest developer ecosystem. It is ideal for complex dApps that require robust smart contract functionality and long-term viability.
• Solana is ideal for applications that require high throughput, low latency, and low transaction costs. It is well-suited for gaming, high-frequency trading, and NFT marketplaces that demand rapid processing.
• Polygon offers the best of both worlds, combining Ethereum’s security with fast and affordable transactions. It is a great choice for businesses that want to leverage Ethereum’s ecosystem while avoiding high fees and congestion.

Regardless of the platform you choose, following best practices is essential for successful smart contract development:

• Requirement Analysis: Clearly define the objectives, scope, and functionality of your smart contract.
• Design and Architecture: Plan the structure and data flow of your contract to ensure it meets your business needs.
• Coding and Testing: Write clean, secure code and thoroughly test your contract for bugs and vulnerabilities.
• Security Audits: Conduct comprehensive security audits to identify and fix potential weaknesses.
• Deployment and Maintenance: Deploy your contract to the blockchain and monitor its performance, making updates as needed.

Smart contracts are transforming industries by automating processes and reducing reliance on intermediaries. Here are some examples of how businesses are using smart contracts today:

• Finance: Automating loan approvals, insurance payouts, and escrow services.
• Supply Chain: Tracking goods, verifying authenticity, and triggering payments upon delivery.
• Real Estate: Facilitating property transfers and rental agreements.
• NFTs: Managing digital art, collectibles, and in-game assets.
• Gaming: Enabling player-owned economies and digital asset trading.

The smart contract landscape is continuously evolving, with new platforms, tools, and standards emerging to address scalability, interoperability, and security challenges. Key trends to watch include:

• Cross-Chain Interoperability: Enabling seamless communication and asset transfers between different blockchains.
• Layer 2 Solutions: Scaling solutions like Polygon and Optimistic Rollups are making blockchain technology more accessible and affordable.
• Enterprise Adoption: More businesses are exploring private, permissioned blockchains for internal use cases.
• Security Innovations: Advanced auditing tools and formal verification methods are improving the safety and reliability of smart contracts.

If you’re ready to explore smart contract development for your business, here are the steps to get started:

1. Define Your Use Case: Identify the problem you want to solve and the benefits you expect from a smart contract.
2. Choose the Right Platform: Evaluate Ethereum, Solana, and Polygon based on your technical and business requirements.
3. Assemble Your Team: Work with experienced developers or partner with a reputable smart contract development company.
4. Design and Develop: Plan, code, and test your smart contract to ensure it meets your needs.
5. Deploy and Monitor: Launch your contract on the blockchain and monitor its performance, making updates as needed.

At Codezeros, we specialize in delivering high-quality Smart Contract Development Services for businesses of all sizes. Our team of experienced developers has deep expertise in Ethereum, Solana, and Polygon, enabling us to build secure, scalable, and innovative solutions tailored to your unique needs.

Whether you’re looking for an Ethereum Application Development Company to build a robust DeFi platform, a Solana Development Company to create a high-speed NFT marketplace, or a partner to deploy scalable solutions on Polygon, Codezeros has the skills and experience to bring your vision to life.

We follow industry best practices at every stage of the development process, from requirement analysis and design to coding, testing, security auditing, deployment, and ongoing maintenance. Our commitment to quality and customer satisfaction ensures that your smart contract project is delivered on time and to the highest standards.

Ready to take your business to the next level with smart contracts? Contact Codezeros today to discuss your project and discover how our Smart Contract Development Services can help you achieve your goals.

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

Share

Last updated: 

May 23, 2025

Mihailo Bjelic, one of the driving forces behind Ethereum scaling solution Polygon, has officially stepped down from his role at the Polygon Foundation.

In a post shared May 23 on X, Bjelic announced he would wind down his day-to-day involvement with the project but hinted that his journey in crypto is far from over.

“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic wrote.

“As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge.”

Bjelic Says He Remains Committed to Crypto

While Bjelic did not provide a roadmap for his next steps, he made it clear that he remains committed to the broader crypto industry.

“You will likely still see me around,” he said, signaling continued interest in blockchain development beyond Polygon.

His departure drew responses from across the crypto space. Fellow co-founder Sandeep Nailwal praised Bjelic’s role in shaping the protocol, saying he was “a force behind so much of what makes Polygon what it is today.”

Leon Stern, Polygon’s head of marketing, added, “Thanks for everything you’ve done for Polygon, and best of luck.”

Industry peers weighed in as well. Aave-chan Initiative founder Marc Zella called the move a “Big L for Polygon,” while Skale Network CEO Jack O’Holleran applauded Bjelic’s impact and expressed optimism about his future endeavors.

Bjelic’s resignation marks the third high-profile exit from the company in two years, following earlier departures by Polygon Labs’ Jaynti Kanani and Anurag Arjun.

Arjun’s exit coincided with the launch of Avail, a data availability and consensus layer that now operates as a standalone entity under his leadership.

Despite the leadership changes, Polygon has remained active in onboarding new use cases.

In January, Jio Platforms—owned by Mukesh Ambani—teamed up with Polygon Labs to integrate Web3 capabilities into its services.

In March, RWA platform DigiShares launched RealEstate.Exchange (REX) on Polygon, aiming to tokenize real estate trading.

Polygon Introduces the Agglayer Breakout Program

Last month, the team behind the Polygon blockchain announced the Agglayer Breakout Program to launch high-value chains that will contribute to Agglayer’s network effects.

The aggregation layer, or AggLayer, is a cross-chain settlement layer developed by Polygon Labs and its collaborators, launched in early 2024, followed by v0.2 in early 2025.

Polygon Foundation and Polygon Labs are backing the novel program. The goal is to launch “high-impact projects that drive significant activity” to Agglayer and Polygon PoS, its proof-of-stake sidechain for Ethereum.

Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity.

His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months.

Bjelic winds down ‘day-to-day involvement’

“After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post.

“I’ll always be cheering from the sidelines and supporting however and whenever I can,” Bjelic added.

“As projects evolve and mature, it is natural for visions to evolve, and sometimes diverge. With this in mind, I can no longer contribute to Polygon to the best of my abilities.”

Fellow Polygon co-founder, Sandeep Nailwal, commended Bjelic’s contributions over the years, adding that Bjelic has always been “a force behind so much of what makes Polygon what it is today.”

Bjelic said that he remains “as passionate as ever” about crypto, and suggested he will stay active in the crypto industry.

“You will likely still see me around,” Bjelic said.

Aave-chan Initiative founder Marc Zella said it was a “Big L for Polygon.” Polygon’s head of marketing Leon Stern said the company is going to miss Bjelic. “Thanks for everything you’ve done for Polygon, and best of luck,” Stern said. Meanwhile, Skale Network CEO Jack O’Holleran said Bjelic should “be very proud” of all he has accomplished at Polygon and is excited to see what he does next.

Over the past two years, two of Polygon Labs’ early founders, Jaynti Kanani and Anurag Arjun, also stepped away from the company.

Arjun’s departure coincided with the Polygon spin-off Avail, a Web3 data availability and consensus layer, becoming an independent entity, with Arjun taking the lead.

Bjelic has yet to reveal his next plans.

Related: Crypto market cycle permanently shifted — Polygon founder

Bjelic’s resignation follows several major announcements tied to Polygon this year.

On March 25, Real-world asset (RWA) tokenization platform DigiShares announced it would bring tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.

Just two months before, on Jan. 16, Jio Platforms, an Indian mobile network operator owned by Asia’s richest person, Mukesh Ambani, partnered with Polygon Labs to upgrade some of its existing offerings with Web3 and blockchain capabilities.

Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

]]> https://earlybirdsinvest.com/polygon-co-founder-steps-down-will-be-cheering-from-the-sidelines/feed/ 0 37982 https://earlybirdsinvest.com/will-polygon-price-hit-1-in-2025-data-shows-wide-volatility-range/ https://earlybirdsinvest.com/will-polygon-price-hit-1-in-2025-data-shows-wide-volatility-range/#respond Fri, 09 May 2025 09:39:15 +0000 https://earlybirdsinvest.com/will-polygon-price-hit-1-in-2025-data-shows-wide-volatility-range/

• POL supports zkEVM and app-specific blockchains.
• The current price is near $0.23, down from $1.29 in March 2024.
• 2025 forecast ranges between $0.11795 and $0.47181.

Polygon (MATIC) is undergoing a major transformation with the introduction of its upgraded token, POL, as part of the wider Polygon 2.0 roadmap.

This move marks a shift to a zero-knowledge Ethereum Virtual Machine (zkEVM) system and supports a network of application-specific blockchains.

The upgrade is aimed at boosting scalability, utility, and decentralisation, potentially influencing long-term valuation.

As of early May 2025, POL trades near $0.23, far from its March 2024 peak of $1.29.

Source: CoinMarketCap

With price volatility high and new utility being built in, investors are now weighing whether the token can realistically reach $1 again within the year.

The protocol’s success could also have broader implications for Layer 2 scaling solutions across the Ethereum network.

POL migration sparks new interest

The migration from MATIC to POL is a key part of Polygon’s upgrade, allowing the network to evolve through zkEVM chains and decentralised governance.

POL will enable staking, community decision-making, and validation activities across Polygon’s ecosystem.

POL’s recent performance shows a modest rebound, up 2.88% to $0.23.

The token saw its all-time high of $1.29 in March 2024 and a low of $0.1533 in April 2025.

The current price range indicates considerable uncertainty, with upcoming adoption metrics likely to shape the price direction.

2025 price targets

Polygon’s 2025 forecast includes a potential high of $0.47181, a projected low of $0.11795, and an average estimate of $0.29488.

Analysts suggest the token’s success in reaching the upper end will depend on how quickly the new ecosystem gains traction.

The shift to zkEVM architecture, alongside developer participation, could be a key growth driver.

Forecasts for 2026 show a potential high of $0.75490 and a low of $0.18872.

In 2027, the token could rise to $1.20784, and by 2028, it may hit $1.93254.

Polygon’s 2030 estimates peak at $4.94731, based on long-term adoption and scaling progress.

Investment case remains mixed

Polygon’s 2.0 transition strengthens its technical capabilities, but the current trading price suggests there are still adoption hurdles to clear.

With zkEVM deployment and token migration underway, POL could attract interest from developers building scalable dApps.

POL’s journey to $1 in 2025 will largely depend on the traction gained in its upgraded ecosystem and how it competes with other Layer 2 solutions.

Close monitoring of gas fee savings, validator participation, and mainnet activity will be essential in assessing future performance.

Share this article

Categories

Tags

https://coinjournal.net/news/will-polygon-price-hit-1-in-2025-data-shows-wide-volatility-range/