Key Takeaways
- He co-founded Polygon with other members, delivering a layer-2 blockchain solution to address scalability issues.
- Polygon has provided solutions to over 53,000 dApps and has attracted over 450 million users to its ecosystem.
- Despite stepping down, Bjelic remains key in the growth of the Polygon ecosystem as its vision evolves.
Mihailo Bjelic is a Serbian computer scientist and entrepreneur who has positively impacted the crypto industry, developing Polygon blockchain technology, a layer-2 Ethereum solution to tackle the scalability issues that have plagued Ethereum for years.
With his experience in technology and AI, and his passion for decentralized solutions in the blockchain space, he became a key figure for layer-2 solutions in the blockchain industry.
Who is Mihailo Bjelic? The Journey of Matic Network to Polygon
Mihailo holds an MSc certificate in Computer Science from the University of Belgrade, where he developed a keen interest in innovation and technology, creating technological products.
He has created several startups, such as AI, and worked for other companies in the automotive industry, building his knowledge in the IT field.
In 2017, he made a full-time transition into the blockchain space driven by his passion for technology and strong technical background in innovation, as he became a key figure in the Ethereum scaling solution at the time.
Bjelic, alongside his team of Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, created the Polygon (Formerly Matic Network) in 2019, an Ethereum layer-2 solution aimed at providing scalable solutions for decentralized applications (dApps) on the blockchain at a low gas fee.
Mihailo Bjelic’s experience in the blockchain industry was key in providing insight on how to improve the architecture of Polygon, shaping its technology into a force to be reckoned with in the crypto industry.
Source – Bjelic on X (formerly Twitter)
Additionally, he was instrumental in the upgrade of MATIC to POL; however, shortly after that, he announced his decision to step down from the board of directors of Polygon Foundation.
His decision was based on the vision of Polygon evolving, and he can no longer contribute to the project, but reaffirms that the project remains in capable hands going into the future.
During his stay at Polygon, Mihailo Bjelic was able to accomplish the following for Polygon:
- Polygon’s ecosystem could power over 53,000 dApps, hitting a market cap of $14B in 2024
- Addressed Ethereum scalability challenges and offered lower gas fees for transactions
- Attracted top brands into the Polygon ecosystem, such as Google Cloud’s BigQuery, and Jio Platforms, and onboarding over 450 million users, highlighting real use cases
- Advocated for open-source protocol, gaining much credibility
Despite his decision to step down, he remains active in the Polygon ecosystem, earning accolades from his co-founders for his key role in Polygon’s success.
The presence of high-profile personalities like Mark Cuban in the Polygon space has highlighted his influence in the crypto industry.
Current Activities and Impact in the Crypto Space
Source – Mihailo Bjelic X post
Mihailo Bjelic’s contribution to the blockchain and Polygon’s ecosystem is commendable, gaining national recognition. With over 68k followers on his X account, the Polygon founder remains active, sharing his insight regarding blockchain scalability and Web3 privacy on his page.
Mihailo Bjelic’s Net Worth in 2025
There are no specific public records published on the net worth of Bjelic in 2025. However, it is estimated to be worth over $15M based on the following:
- Co-founded AI startups before blockchain growth
- Co-founding Polygon, an Ethereum L2 solution with a market cap of $2B
Conclusion
Mihailo’s experience in technology played a key role in scaling Polygon from $26M to over $14B in 2024 and attracting top personalities and brands into the Polygon ecosystem. His work ethic in promoting scalability in the blockchain space has gained him public recognition.
However, there are no specific records of his net worth in 2025.
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