Polygon plans to pivot, focusing on the PoS and AggLayer with leadership from CEO Sandeep Nailwal. POL has been dragging lower as Ethereum layer-2 solutions like Base and Arbitrum increase in TVL.
Ethereum is inherently less scalable, making it impossible to run a Facebook-like dApp without users incurring thousands in fees and congesting the network.
Polygon, an Ethereum sidechain, recognized this early and built a scaling solution for users and developers seeking low fees and high scalability while enjoying all that Ethereum had to offer.
As a sidechain, it is scalable, interoperable with Ethereum, and secure, running its nodes.
Over the years, the sidechain has attracted billion-dollar dApps in DeFi, NFTs, meme coins, and more. Top DeFi players like Uniswap run on the platform
Additionally, Polymarket, a popular predictions market platform, is anchored on Polygon and could see further growth after recently partnering with X to become the social media network’s official predictions market.
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Is POL Falling as Polygon Fades?
Despite Polygon’s ambitious roadmaps and development efforts, POL has struggled, trending lower over recent months.
After rebranding from MATIC to POL in early September, with added utilities, the token has failed to reach all-time highs and remains mostly in the red.
According to Binance data, POL is currently trading at $0.19, down nearly 50% from its rebranding listing price of $0.38.
After peaking at $0.75 in late 2024, POL fell to $0.15 by April 2025, an 80% decline from Q4 2024 highs.
(POLUSDT)
Falling Bitcoin, Ethereum, and Solana prices may have dragged the broader crypto market lower, impacting POL.
However, despite their ambition and aggressive development, POL appears less attractive to investors and traders.
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Sandeep Nailwal Takes Over as CEO of the Polygon Foundation
On June 11, 2025, the sidechain made changes to break free from stagnation and refocus efforts. Sandeep Nailwal, the co-founder of Polygon, was appointed CEO of the Polygon Foundation, signaling a pivot toward speed and focus.
In a post on X, Nailwal said the platform now needs a “clear direction,” and that means “stepping up.”
BIG update – As the largest holder of POL and someone who dedicated his life to development and success of @0xPolygon from the very beginning, I have decided to take full control of Polygon Foundation and will be its CEO going forward. Polygon Foundation owns and oversees…
— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) June 11, 2025
With Nailwal at the helm, the goal is to execute a streamlined roadmap.
To accelerate progress, the Polygon Foundation will focus on core initiatives: Polygon PoS and the AggLayer.
Other projects, including Polygon zkEVM, will be deprecated.
Per the Polygon 2.0 roadmap, the AggLayer facilitates trustless, cross-chain communication across protocols. Polygon plans to release AggLayer v3.0 by the end of June 2025, with more interoperability features in Q3 2025.
Meanwhile, Polygon PoS will be upgraded under the Gigagas roadmap, targeting over 1,000 TPS with sub-second finality, with testnet results already showing promise. The long-term goal is to achieve over 5,000 TPS.
Can The Sidechain Catch Up, or Is It Too Late for POL?
While Polygon’s strategy is bold, clearly outlining its value proposition, the question remains: Are these changes too late?
Polygon was once Ethereum’s leading scaling platform, but it has lost ground.
In the layer-2 wars, Base and Arbitrum have taken the lead. Their architecture, which routes transactions off-chain, aligns more closely with Ethereum 2.0’s vision.
With Vitalik Buterin emphasizing the importance of layer-2s for Ethereum’s scalability, these platforms are attracting more liquidity and developers, especially after the Dencun upgrade, which targeted layer-2 improvements.
Arbitrum alone boasts a TVL of $13.8 billion, more than 13X that of Polygon at just $1 billion.
(Source)
To reclaim its position, Polygon must make bold changes and align more closely with Ethereum’s evolving ecosystem.
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Polygon Has A New Plan: Will POL Rise From The Ashes?
- Polygon has been losing its shine after Ethereum layer-2 became popular
- Sandeep Nailwal is taking over as the CEO of the Polygon Foundation
- The focus will be on the AggLayer and PoS
- Will POL recover and breach above 2024 highs?
The post Polygon Has a New Plan: Is It Too Late for POL? appeared first on 99Bitcoins.