Is there still room for Horseshoe in the short term?

Polygon co-founder Jaynti Kanani revealed on Tuesday that he has been away from day-to-day work on the project for the past six months and is embarking on a "new adventure" after helping launch it in 2017.

"I have decided to take a break from my day job," Kanani wrote on Twitter on Wednesday. The developer said he remains confident in Polygon's future and is "bullish on Polygon 2.0."

This makes Canani the third of 10 Polygon co-founders to announce their departure this year. In the cryptocurrency industry -- though it's not a phenomenon unique to the digital finance industry -- multiple executive departures can be a sign of trouble.