Sandeep | CEO, Polygon Foundation (※,※)

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 multiple entities including one of the major contributors, Polygon Labs, which will continue to be led by Marc Boiron @0xMarcB as its CEO, who in my mind is the best executive/leader in the entire crypto industry. I’ve always stayed away from moving into the CEO role because I’ve been focused on building PF as an institutionally governed foundation. But right now, Polygon needs clear direction and focused execution and that means stepping up. With a healthy treasury and several hundred million in cash, we’re in a great position to keep building for the long term, without any distractions or pressure to raise. Today, I’m announcing a series of much-needed changes designed to deliver greater value to POL stakers and bring increased clarity to the broader market. 1. We will depreciate Polygon zkEVM next year. Polygon’s razor focus is going to be Polygon PoS and @Agglayer, nothing else. Polygon PoS will focus on Stablecoin payments and RWAs, while Agglayer will focus on building a trustless Internet of Blockchains. 2. The first milestone of the Polygon POS's Gigagas roadmap is now live in testnet. This first upgrade pushes network capacity beyond 1,000 transactions per second early July and it's only the beginning. We already have the plan to move to zero reorgs and <1 second finality with >5000 TPS achieved in a devnet enviornment. This will put Polygon PoS amongst the most performant blockchains by Sept-Oct timeframe. And beyond that, we have a clear path to scale to 100k+ TPS over next few years. These upgrades massively increase the economic viability of Polygon protocol and thereby the value for POL stakers. 3. Agglayer v0.3 has been in the making and I am announcing week of June 30th as the rollout date. This version of Agglayer is feature complete except fast interop which we anticipate to be completed by end of Q3. We are back to massive shipping mode. 4. The Agglayer Breakout program will continue to spin off projects resulting in increased focus for Polygon PoS and Agglayer and massive airdrops to POL stakers. We are in the business of building blockchain networks and ZK is an important tool to bring that internet level scalability to blockchains. We have contributed a lot to ZK and will continue to do so in a more neutral way by spinning out more of ZK research efforts. Next up is Polygon ZisK led by Jordi Baylina @jbaylina. More to come. 5. Now that the SEC has dropped its investigations and lawsuits related to MATIC as a security, which should have never existed given the nature of MATIC (and now POL), we are excited to see several large market makers coming back to the table in recent days to make markets in POL that strengthens the liquidity of POL on exchanges globally. 6. The Foundation will also engage in educational campaigns to ensure everyone is aware of the upgrade of MATIC to POL. 7. Bringing the Polygon brand front and center into what was previously the neutral Agglayer brand. It’s time to align the ecosystem more clearly and boldly under the Polygon identity. Also, going forward, major announcements from Polygon often will come from my twitter account, so follow me to be up to date and turn on your notifications. So why am I doing this? During 2021-22, we made a real effort to institutionalise the project by onboarding some amazing people as co-founders and board members and laying the foundation for scaling Polygon from the 10-100 stage of a venture. But little did I know, Ethereum itself was going to go into an existential crisis that would pull Polygon and the entire Ethereum ecosystem right back to the 1-to-10 stage … or by some measures, even 0-to-1. And the 0-to-1 stage is a different beast. It needs speed, courage to make bold bets, and the ability to handle failure. Also, the crypto industry has changed from being research centric to user centric and Polygon needs to change accordingly. Institutional setups and board structures are great for stability, but they tend to produce average-case decisions — not the sharp, aggressive moves needed to deliver exponential outcomes. Polygon is now back as a zero to one startup setup. With the support of an incredible team at Polygon Labs, and strong leadership including Marc @0xMarcB, Mudit Gupta @Mudit__Gupta (CTO), Ryan (COO) @web3RyanN and many others we are going to BRING IT. Let’s play!

You dont need to sell stablecoins to banks and fintechs anymore, theyre not stupid. theyve known for a while onchain rails were going to eat the traditional financial system it was only ever a matter of when.

"In the next 10 years we are going to move all money that currently exists on chain. That is when you really think about what that means. It means taking trillions of dollars that currently exists in the market in terms of like market value of companies and converting that value into value that is captured on chain. And that opportunity — you know, very hard to think of a much bigger opportunity than that. So that's the one to me that really really stands out and like that's why we focus so much on like the Open Money Stack and make it incredibly easy because the easier we can make that to just plug into one API and now be able to move all money on chain that is beneficial." - well said @0xMarcB 💪

The next decade in finance is one bet, move all money onchain. like @0xMarcB said, that TRILLIONS of dollars migrating onchain. and we do it with one API: The Open Money Stack. 💪 this isnt our first trillion @0xPolygon

information moves freely because of the internet. money is starting to do the same on polygon and agglayer is what makes it safe to send across chains with ZK proofs. @katana is where you can see this actually working at scale right now. crossing a milestone like this is huge, congrats to the whole team 💜

DPT Card 🤝 Polygon Thrilled to announce our strategic partnership with @0xPolygon. Leveraging Polygon’s high-efficiency network, DPT delivers low on ramp fees and instant Polygon on-chain transfers. We streamline global stablecoin payment flows, enabling seamless, cross-border spending for users worldwide. Jointly build smoother and more accessible stablecoin payment infrastructure.✨

BOOM! @deel integrates Polygon! Now people can get their salaries paid in stablecoins on Deel settled on @0xPolygon

Humans built their money stack over decades. bank, card, exchange, ID. and now agents have the same thing on @0xPolygon. One prompt, end to end onchain. The Open Money Stack isn't just for humans anymore.

Solutions we said were years away are landing now. the bottleneck on hard problems was always expertise and time, AI handles both now, and the part thats still on us is whether we are actually willing to try the things that used to feel impossible. i dont buy the jobs panic, not on a macro level. the work moves up the stack the way it has through every tech wave, less grinding and more of the judgement that actually matters. so i dont see it as depressing at all because the ceiling on what one human can do just lifted in a way no generation has seen, and im here for it.

3 things i keep coming back to when building anything : - The goalposts will always move faster than you can grow so celebrate the small wins as they come - The toughest period is always the current one and the easier phase you keep waiting for isnt coming - Refuse mediocrity before it ever sets in

Introducing the Monastery for AI-native founders. A single builder can now outperform a publicly traded company. $2 million. 12 weeks. Do the impossible.

Faster and cheaper payments get all the stablecoin headlines but the use case nobody is talking about loud enough is bringing the billions of ppl with limited or no access to the financial system onto these rails. Thats a big part of what we are building at @0xPolygon 💜

Imagine how easy it would be for neobanks to get every capability from a single open stack. Wallets, ramps, crosschain routing, compliance, settlement in one API. That is what we are building. Reach out.

P2P stablecoin transfers on @0xPolygon up 66.7% from Jan to April 🔥 every month bigger than the last. HIGHER!

Imagine how easy it would be for neobanks to get every capability from a single open stack. Wallets, ramps, crosschain routing, compliance, settlement in one API. That is what we are building. Reach out.

Yeah these are all nothing 👀 😂 i look under the hood every day too. Polygon has been doing this for a while. how the hell is the market sleeping this badly on $POL

Finally got to sit down with Frank Chaparro for The Crypto Tape. This one took some effort. We scheduled twice and both times a massive blizzard hit New York. The second time I got trapped in Denver with every flight getting cancelled. Ended up catching a Nuggets game while I waited it out. Third time was the charm. We covered a lot of ground, but the part that stuck with me most was a conversation about what we actually expect from crypto founders. Build deep technology, raise capital, navigate token launches, manage treasuries, negotiate with exchanges, and prepare for public market scrutiny. All within 12 to 18 months and the rules underneath all of it keep changing. Years from now I think we are going to look back and be in awe that we expected that. Grateful to @FintechFrank for the conversation.

For years i found it hard sit with myself for even 10 mins without my head spiralling back to polygon. started transcendental meditation a couple years back, 20 mins twice a day. The hour right after a session is when most of my best thoughts and ideas seem to come. highly recommend for those who find themselves in excessive chaos or anxiety.

Here's what you missed this week on Polygon: ■ @0xMiden Testnet connects to Agglayer, making the interop solution officially chain-agnostic ■ @EntEthAlliance releases its first Privacy Report with Polygon Labs ■ @AsseteraGlobal and Deploi launches private credit issuance on Polygon for EU investors ■ @StraitsX's xSGD crosses $1.1B volume on Polygon ■ @zerion releases its Agent CLI with support for Polygon ■ @graphprotocol launches Agent0 Subgraphs on Polygon ■ @0FiatDotCom kicks off a Sats Pizza Party for Polygon ■ @mayan crosses $300M+ in payments on Polygon ■ @USDT0_to confirms Polygon had the most active USDT0 senders with 6M+ ■ New privacy upgrade goes live for Polygon CDK with @SuccinctLabs

Best builder energy in Dubai this week is at the @Hadronfc x @0xPolygon campus, no contest. so much cool stuff running here all week through MENA blockchain week. swing by and hang out 💜

Whats wild rn is that the shipping and the adoption are both climbing at the same time on Polygon! In past few weeks alone: - @Visa added us to their global stablecoin settlement program - @Meta launched USDC creator payouts on Polygon - @ModernTreasury added us as a native payments rail in their API - Private payments live for stablecoin transfers, plus an institutional grade privacy upgrade for Polygon CDK - Block time down to 1.75s which first reduction since genesis - Gas limit upgraded to 140M = max TPS at 3,800+ all of that on one chain in less that 3 weeks 💜