Mihailo Bjelic Net Worth (2025) | Developer and Co-founder of Polygon

Key Takeaways

Polygon Matic is a layer-2 blockchain technology aimed to provide scalability for developers and help projects scale production easily.

Mihailo Bjelic and other team members built Polygon on the Ethereum network to use its security while providing a better solution for projects.

Polygon’s vision in scalability has seen strong success as it provides solutions to over 53,000 dApps and has attracted over 450 million users to its ecosystem.

Mihailo Bjelic’s journey into the crypto community has earned him respect not only as a computer scientist but also as a blockchain contributor, helping to bring the cryptocurrency industry a step closer to mainstream adoption.

He was involved in developing a layer-2 solution in the blockchain space due to excessive gas fees on the Ethereum network and a lack of scalability for projects when demand is at its extreme.

His design of Polygon, by other team members, helped resolve the endless scalability issues on the Ethereum network, allowing users and developers to have ease of entry into the blockchain in terms of building and trading.

Who is Mihailo Bjelic? The Journey of Matic Network to Polygon

Mihailo earned a Master’s degree certification in Computer Science from the University of Belgrade and developed a strong interest in emerging innovations and technologies, while at the same time creating technological products for use by others.

Following his exposure to new technological trends, he has worked with different automotive companies and has also created several AI startups; thus building his knowledge in one of the most sought-after industries in the modern age.

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 decentralised 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 at the heart of a strategic upgrade of the layer-2 blockchain technology from MATIC to POL; this upgrade allows POL to also evolve with rising new technologies like AI while allowing it to maintain its relevance in the space. However, not too long, he announced a difficult decision to step down from his role on the board of directors at Polygon Foundation.

While many people questioned this decision, considering the ecosystem needed his expertise, he reaffirmed that the project has reached a point where it could run on its own with sustainability assured.

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.