📉Polygon's price has been on a downward trend, dropping to a key support of $0.4343. Despite being 82% below its all-time high, Polygon shows resilience with over 1.09 million addresses and stable daily transactions. However, competition from Arbitrum, Base, and Blast has impacted its market share in the layer-2 industry.🔒

Despite these challenges, Polygon's staking yield stands at a promising 5.67%, higher than Ethereum and Cardano. Yet, the price has dropped below a crucial support level, hinting at a potential further decline.

What are your thoughts on Polygon's future? Share in the comments! 👇💬