POL down 45 % : Can DeFi and gaming save Polygon’s token ?

Many cryptos continue to display remarkable performance despite volatility and significant declines. This is the case for Polygon, whose native token, POL, has reached a historic low of $0.34. Such a price drop, representing a decline of 45.65 % since the beginning of the year, further worries investors. However, behind this apparent downturn lies a solid infrastructure, supported by rapidly expanding sectors such as DeFi and gaming.

POL price drop : grim numbers, but multiple causes

The price of the POL token from Polygon has dropped to its lowest level since 2021, at $0.34. This decline has caught the attention of market investors, particularly due to its scale: a loss of 15.56 % over the last month, and 45.65 % since the beginning of the year. According to available data, this drop is accompanied by a decrease of 36.58 % in the trading volume in the futures market, while open positions have also decreased by 2.57 %. Despite the increased interest in the solutions offered by Polygon, this decline raises concerns about the token’s ability to regain its former strength.

This price drop is partly explained by an unfavorable macroeconomic environment, marked by a general decline in cryptos. The fall in trading volume and the decrease in open positions also illustrate a growing disinterest among investors for POL futures, at least in the short term. However, some voices in the industry express cautious optimism, betting on more favorable market conditions to revive the dynamics of POL. For now, the observation is undeniable: Polygon is going through a difficult phase concerning its native token.

A Robust Ecosystem, Even Under Pressure

While the price of the POL token is plummeting, the Polygon ecosystem continues to stand out for its performance in several key sectors. The Total Value Locked (TVL) remains robust, particularly thanks to DeFi platforms like AAVE that bring stability and credibility to the network. Meanwhile, the gaming sector on Polygon is experiencing notable growth with projects like Hunter On-Chain, which are attracting increasing attention from developers and investors. According to experts, Polygon’s ability to innovate despite the turbulence in the POL market could play a crucial role in the recovery of the token.

One of Polygon’s strengths also lies in its ability to adapt to new market trends, as evidenced by the launch of new tokens and involvement in community initiatives. Some observers in the crypto market believe that these efforts could lead to a stabilization, or even a recovery, of the POL price if market conditions improve. But for now, the situation remains tense, and market participants are closely monitoring upcoming developments.

Despite the marked decline in the POL price, Polygon maintains a solid foundation and continues to position itself as a key player in strategic sectors such as DeFi and gaming. The initiatives taken and ongoing projects suggest that Polygon could overcome this difficult phase, even if caution remains necessary in the face of market uncertainty.