GLM token price has dropped 61% over the past year to $0.25 amid the broader crypto market downturn, according to recent data. The native token of the Golem Network, a decentralized computing platform, has seen its market cap shrink to $250 million as demand for GPU computing power softened. Golem's team acknowledged the challenging market conditions but emphasized ongoing development, including recent upgrades to their network architecture. The project continues onboarding new users and providers to its peer-to-peer computing marketplace, though transaction volumes remain below 2021 peaks. Analysts note GLM's price decline aligns with similar drops across altcoins during the current bear market cycle.