Polygon Appoints Co-Founder Sandeep Nailwal as CEO to Drive AggLayer Expansion and Growth

Polygon has announced a significant leadership update as Sandeep Nailwal, co-founder of the blockchain platform, steps into the role of CEO. This strategic appointment, confirmed by Bloomberg and reported by COINOTAG on June 11, positions Nailwal to spearhead the foundation’s efforts in driving innovation and scaling operations. Under his leadership, Polygon aims to intensify its focus on the development and expansion of Aggregated Layer 2 (AggLayer) applications, which are critical for enhancing transaction throughput and reducing costs on the network. This move underscores Polygon’s commitment to solidifying its presence in the competitive blockchain ecosystem by leveraging cutting-edge scalability solutions. Market participants and developers alike will be closely monitoring how this leadership change influences Polygon’s trajectory in the rapidly evolving decentralized finance (DeFi) and Web3 sectors.