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Sandeep Nailwal has taken full control as CEO of Polygon Foundation, announcing major strategic shifts including the shutdown of zkEVM and a renewed focus on PoS scaling and Agglayer interoperability. The move aims to streamline decision-making and accelerate development in a rapidly evolving crypto landscape. Polygon remains well-funded, with hundreds of millions in reserves to support its long-term goals.
- Polygon discontinues zkEVM, reallocating resources to PoS scaling and Agglayer interoperability.
- Agglayer v0.3 launches June 30, with fast interoperability features expected by Q3 2024.
- Polygon PoS targets 5,000 TPS by September 2024 and 100,000 TPS long-term.
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