Morning Edition · Friday, July 17, 2026Published at 1:28 AM EDT · New York
Polygon Layoffs and 1inch Co-Founder's Exit Mark Crypto's Pivot to Revenue Discipline
Polygon Labs cut staff to refocus on payments while 1inch co-founder Anton Bukov, who says he was fired, launched a new venture called Second Tier and kept a 50 percent stake.
Two leadership stories on the same day point to the same shift. Polygon Labs, the company behind the Polygon scaling network, announced layoffs as part of a strategic refocus on blockchain payments. Chief executive Marc Boiron said the depa…
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Part of a tracked trend
Crypto Firms Reorganize Around Revenue, Not Tokens
Token-funded crypto companies keep restructuring toward fees and real revenue, cutting staff and narrowing focus, as growth financed by treasury tokens gives way to a demand for sustainable business models.
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