Sandeep Nailwal

Polygon

2026-10-07 09:27:00

Polygon co-founder says disputed post was not aimed at Abstract shutdown

Polygon co-founder Sandeep Nailwal responded on Oct. 7 to backlash over a marketing post that some users interpreted as mocking Abstract’s shutdown. The controversy centered on a Polygon social media message saying 「Polygon is not dead」, which drew criticism after being linked by some readers to the Abstract incident. Nailwal said the post landed very differently from what the team intended and was interpreted in a completely different way. He added that he was also shocked when he first saw the content that morning in Singapore. According to Nailwal, Polygon’s marketing team meant the message as self-deprecating humor, reflecting long-running claims that 「Polygon is dead」 even as the project’s fundamentals, in his words, have continued to improve. He said there was no intention to reference Abstract’s shutdown. Nailwal also said he has deep respect for Abstract founder Luca Netz and his team, adding that Polygon would not make such a jab because it has experienced the pain of shutting down zkEVM itself. He also voiced support for Luca and the Pengu team.

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Polygon

2026-09-18 20:25:25

Polygon readies permissionless contract for 100 million POL burn

Polygon is preparing a permissionless contract that would allow anyone to trigger the permanent destruction of 100 million POL, according to comments from Polygon Foundation CEO Sandeep Nailwal. He said the contracts are already on testnet and will move to mainnet after the final Security Council signatures are completed. Nailwal said the first transaction would burn 100 million POL in a single call. After that, burns would shift to a quarterly schedule, with community members able to trigger them. Based on his figures, the base-fee collector currently holds 121 million POL, so the initial burn would remove roughly 83% of that balance and leave about 21 million POL before new fees accrue. The planned burn equals 1% of POL’s initial 10 billion supply. Using Blockscout’s listed total supply of about 10.716 billion POL, the reduction comes to roughly 0.93% of total supply. Polygon’s token documentation says POL does not have a hard cap and carries ongoing emissions at an effective annual rate of 2% starting after June 2025. Nailwal also said POL has been deflationary since January 2026. He further claimed Polygon generated $24.5 million in 2026 revenue, versus $8.41 million for Arbitrum and $5.6 million for Near, while adding that the comparison came from 「my analyst at ChatGPT」 without naming a dataset or methodology.

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Polygon Found

2026-09-04 14:12:58

Polygon Foundation launches crypto fundraiser for Nepal disaster relief

Polygon Foundation CEO Sandeep Nailwal has announced a cryptocurrency donation campaign to raise money for Nepal’s Prime Minister Disaster Relief Fund. The initiative is earmarked entirely for flood relief, with donations designed to be verifiable on-chain from end to end. The fundraising setup is backed by Polygon’s Open Money Stack, alongside Coinme and Cross River Bank. According to the announcement, Open Money Stack can accept any supported token from any blockchain. Donations will be collected in stablecoins and then converted into local currency before being deposited into the government relief fund account. The funds are intended to support rescue work, shelters and the supply of essential materials. Blockchain for Impact has already pledged $100,000 to the campaign, giving the effort an initial committed contribution as it begins collecting donations.

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Polygon

2026-08-23 00:00:38

Polygon weighs staking and tokenomics overhaul to route priority fees to POL stakers

Polygon is preparing a community-facing proposal to reshape staking and tokenomics on Polygon PoS, according to co-founder Sandeep Nailwal. He said the effort comes in response to community calls and follows a year in which Polygon posted 10x revenue growth, delivered 5k TPS, and reduced block time by 25%, with work continuing toward sub-one-second block times. In Nailwal’s framing, the next step is to give stakers a larger share of network economics. The proposal would introduce L1-like native staking on Polygon PoS that can run in parallel with Ethereum staking. It would also direct transaction priority fees to POL stakers, building on the already approved PIP-85 and, in Nailwal’s words, making implementation cleaner through native staking. Expected staking yield would move closer to doubling and would be backed by real network fees rather than inflation. The plan also contemplates extra incentives for staked POL, such as gas fee discounts, while keeping sPOL liquid and usable across DeFi. Polygon Labs is set to write the code and submit the proposal to the community forum for review.

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Polygon

2026-07-27 06:52:18

Polygon Foundation CEO says stablecoin cross-border payments mark crypto’s first real-world use case

Polygon Foundation CEO Sandeep Nailwal said the crypto sector is undergoing a fundamental shift, moving away from its earlier “Wild West” phase and toward practical real-world applications. In a post on X, Nailwal said stablecoins used for cross-border payments represent the first genuine example of that transition. The remark frames stablecoin settlement as a concrete use case rather than a speculative narrative, and highlights how parts of the industry are increasingly being discussed through utility-focused adoption. Nailwal’s comment did not include additional details beyond that characterization, but it centered squarely on cross-border payments as the clearest current example of crypto being applied in a real-world setting.

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