POL token has lost over 65% of its value in the past six months, reflecting ecosystem challenges

Event date

June 11, 2025

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The announcement comes amid the POL token’s declining price, which has now fallen more than 68% over the past six months

Polygon has ceded ground to a new wave of Ethereum scaling networks — namely “layer-2 rollups” like Optimism and Arbitrum — which offer similar user experiences but with tighter Ethereum compatibility and more sophisticated security systems. Polygon’s own rollup, zkEVM, ranks just 27th by TVL among layer-2s, according to L2Beat, trailing well behind its newer competitors.

Nailwal’s appointment comes as Polygon continues to face challenges. The project’s native POL token remains down more than 80% from its peak, according to data from CoinMarketCap

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Week 24 of 2025