Polygon (POL) price experienced volatility as it hit a new all-time low of $0.285 during the US presidential election.
Polygon's price performance has not reflected its popularity, hosting apps like Polymarket and EARNM.
Polygon has undergone updates, including the AggLayer project, aimed at improving its multi-chain ecosystem and network efficiency.
Despite the price slump, Polygon's stablecoin market cap and total value locked (TVL) have increased, indicating faith in its real-world use and potential for DeFi dominance.