Thread by @MTorygreen

$MATIC has outperformed every major L1 by ~5x over the past 180 days

Unfortunately, fewer than 1% of people truly understand what drives their success

It all comes down to ONE reason – one thing they do better than anyone else

Keep reading to learn @0xPolygon's secret

👇

🧵

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As mentioned, $MATIC has appreciated 27% over the past 180 days

That’s almost 4x better than its closest competitor (most comps were actually in the red for this period)

So why is the protocol outperforming?

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Is it due to its high TPS? Novel architecture? Strong word of mouth?

I’d argue it’s none of those things

As Chris Sacca famously said, “Ideas are cheap. Execution is everything.”

And #Polygon EXECUTES …

4/

Indeed, the protocol has proven that it can execute across several metrics:

1. Cost

2. Security

3. User adoption

4. Ecosystem

5. P/M fit

6. Partnerships

7. Team

8. Development

9. Community

10. Roadmap

Let’s dig into each…

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🔶 Low Fees

Polygon is one of the cheapest major chains with average transaction fees of $0.017

This makes it ideal for high-volume use cases such as:

• #DeFi
• Micropayments
• #NFTs
• Gaming

As we will soon see, #MATIC is already gaining traction in these areas

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🔶 High Security

As a sidechain, $MATIC inherits much of the security of Ethereum

The protocol also adds its own layer of security measures such as a PoS consensus mechanisms, Plasma framework, Heimdall Protocol, validator nodes and regular network monitoring and auditing

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🔶 Wide User Adoption

Along with Ethereum and BNB, #Polygon is one of top three chains in terms of total users.

It is also one of the fastest growing, with a monthly growth rate exceeding 35% over the last two years!

8/

🔶 Robust Ecosystem

With over 19K dapps, $MATIC has one of the largest ecosystems (if not the largest).

Many of the top #Web3 projects use the protocol, including Uniswap, Quickswap, Aave, Synapse, The Sandbox, Lens, OpenSea, Chainlink, etc…

Here’s a small snapshot…

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🔶 Proven P/M Fit

The network has achieved considerable traction, including:

• 286K contract creators

• $2.51B transactions

• $13.3 NFT sales volume

• 1.2M deployed smart contracts

It also consistently ranks in the top 5 in TVL in #DeFi

10/

🔶 High-Profile Partnerships

@0xPolygon may be the most active Layer 1 in terms of business development, and the protocol has inked partnerships with:

• Draftkings
• Stripe
• Reddit
• The Walt Disney Company
• Adidas
• NFL
• Starbucks
• Adobe
• Meta (Instagram)

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🔶 Team

Polygon has built a world-class team:

• @jdkanani
• @sandeepnailwal
• @MihailoBjelic
• @davidsrz
• @jbaylina
• @antonimarber
• @_bfarmer
• @dlubarov
• @bobbinth
• @anuragarjun

Advisors include: @hudsonjameson, @RyanSAdams, @sassal0x, @petejkim, @mcuban

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🔶 Active developers

$MATIC’s developer community has grown over 2,000% in the last three years.

According to the Electric Capital Developer Report, as of December 2022 it had over 1K monthly active developers, >4K repos and > 2M commits.

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🔶 Robust Community

#Polygon has built a very strong community with:

• 1.8M Twitter followers

• 40K Discord members

• 1.4K Github fans

• 55K Reddit subs

• 45K Instagram followers

It also consistently ranks in the top 10 in terms of social mentions and engagement

14/

🔶 Ambitious Roadmap

Despite achieving massive success to date, the protocol is not resting on its laurels. Instead, it’s building out a suite of scaling tools including:

• ZK rollups
• Optimistic rollups
• Sidechains
• Data availability layer
• Blockchain SDK

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If you’d like to learn more about $MATIC, check out the following:

• @0xPolygon
• @0xPolygonDeFi
• @0xPolygonDevs
• @0xPolygonMemes
• @0xPolygonZK
• @onPolygon_
• @Polygon_Times
• @PolygonDaily
• @PolygonGaming
• @PolygonNews_
• @sandeepnailwal
• @ViktorDefi

I hope you've found this thread helpful.

Follow me @MTorygreen for more fundamental analysis on Web3 protocols.

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