What is happening to Polkadot?
DOT would need a 66x surge to reclaim its All-time High
@Polkadot's $DOT token currently trades at $0.8244, down 98% from its all-time high almost 5 years ago.
Despite carrying a market cap of nearly $1.4 billion, the asset has been on a downtrend. This has also been evident in the network's usage.
Per Defillama, Polkadot has recorded $0 in DeFi TVL.
What is happening to the chain?