# Sandeep Nailwal I Future of the AggLayer I Polygon Labs I Pragma Singapore 2024

- Speakers: [Sandeep Nailwal](https://streameth.org/speakers/sandeep-nailwal)
- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-10-09
- Duration: 23:32
- Topics: Sandeep Nailwal, Polygon, AggLayer, Ethereum, Layer 2, MATIC to POL, POL token, Polygon migration, Ethereum settlement layer, multichain, appchains, rollups, zk-rollups, interoperability, decentralized finance, L2 collaboration, Solana vs Ethereum, token upgrade, canonical tokens, liquidity fragmentation, cross-chain UX, EVM scalability, censorship resistance, decentralized infrastructure, tokenomics, blockchain adoption, zero knowledge proofs, chain abstraction, blockchain UX
- Watch: https://streameth.org/watch/yt-KuqQgzVL5AA
- YouTube: https://www.youtube.com/watch?v=KuqQgzVL5AA

## Description

Sandeep Nailwal, Co-founder of Polygon Labs, joins Kartik Talwar at Pragma Singapore 2024 to discuss the future of the AggLayer, Polygon’s bold thesis for a unified, scalable multichain future. In this engaging fireside chat, Sandeep unpacks the recent transition from MATIC to POL, challenges with exchanges, the vision behind AggLayer, and how Ethereum can evolve into the best possible settlement layer.

He critiques the current Ethereum ecosystem’s focus on token price over infrastructure, explains why decentralization and censorship resistance are critical, and makes a compelling case for infinite scalability through interconnected chains. Learn how AggLayer enables seamless value movement, unified liquidity, canonical tokens, and composable apps across thousands of chains, and why it might be the Solana-like UX Ethereum has needed.

00:00 Intro: Fireside Format with Sandeep Nailwal
01:18 Polygon’s MATIC to POL Token Transition Recap
03:00 Why Exchanges Delayed the POL Migration
04:24 Lessons from the Token Migration Process
05:23 Ethereum Community FUD and Token Upgrade Challenges
06:24 Concerns with Ethereum’s Shift in Priorities
08:01 What Makes a Great Settlement Layer?
08:56 Ethereum’s Decentralization, Censorship Resistance
09:56 Other Key Metrics for Settlement Layer Quality
11:00 Precompiles and ZK for Efficient Settlement
12:08 Should L1 Do More or Enable L2s?
13:07 Cycles of Sentiment and Solana’s Rise
14:37 Long-Term Community Retention is the Real Test
15:33 AggLayer Thesis: Fixing Liquidity Fragmentation
16:11 Seamless Interoperability in Web3
17:13 Infinite Scalability via Appchains and L2s
18:43 Appchains Need Custom UX and Gas Models
19:18 AggLayer = Unified Liquidity, Shared Token Mapping
20:20 One Address Across All Chains: Solana-Like UX
21:17 AggLayer as Web3’s Endgame Architecture
21:41 How to Foster L2 Collaboration and Interoperability
22:46 Narrative & Business Model Compatibility for L2s
23:16 Final Thoughts: Collaboration Over Competition

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🇸🇬 *Pragma Singapore*
Pragma Singapore 2024 was a special gathering of founders and builders that took place September 19, 2024 at the Fullerton Hotel in Singapore.  Pragma Singapore 2024 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma Singapore playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh6z0saYJnVdgXWfz-vaoEYx&si=uavhkhF5Kc8XBoLv

ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. 

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✅ *Follow Sandeep Nailwal*
X: https://x.com/sandeepnailwal

✅ *Follow Polygon Labs*
X: https://x.com/0xPolygon

✅ *Follow ETHGlobal*
X: https://x.com/ETHGlobal​
Warpcast: https://warpcast.com/ethglobal
Website: https://ethglobal.com
YouTube: https://www.youtube.com/c/ETHGlobal 

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