Polygon and 1inch cut staff amid crypto's shift to revenue focus, tokens hit record lows.

Polygon Labs announced its fourth round of layoffs in three years as it shifts from a blockchain foundation to a payments company aiming for profitability by 2027, following its acquisition of Coinme. Meanwhile, 1inch co-founder Anton Bukov revealed he was fired amid leadership disputes. Both Polygon and 1inch tokens have plummeted to near all-time lows this year, reflecting market skepticism. These moves highlight the crypto industry's costly pivot from infrastructure development to commercial revenue generation, with uncertain benefits for token holders.