Thread by @ArthurB

Tezos for the outsider🧵

1/ Tezos is much bigger than you think. It's routinely the third most discussed chain on Twitter behind Bitcoin and Ethereum. It's second only to Ethereum in mentions of NFT.

2/ According to DApp Radar, the DApp with 5th highest DAU across all L1 is on Tezos. Of course, it's an NFT marketplace. Tezos is second only to Ethereum in Twitter NFT discussions and in the art world.

3/ Tezos has a massive reach outside of the crypto echo chamber with brand exposure to hundreds of millions of fans.

4/ Major brands regularly chose to build on Tezos without any outreach, business development, or partnership. They just like the chain.

5/ In 2021, DApp usage on Tezos grew 40x, ending with approximately 6 million smart-contract calls in December 2021.

6/ In the last 24 hours there have been over 350,000 transactions processed, about a third of the number of transactions on Ethereum.

7/ The developer tooling is a delight. Smart-contract development is most typically done in popular languages like Python or Typescript.

8/ Builders in the Tezos ecosystem have built SDKs in many languages, wallets, wallet connection protocols, smart-contract development tooling... Ethereum, Cosmos, Polkadot, and Solana have also done that, but who else?

9/ The point isn't to ask for a medal for not reusing other people's work but to give a testament to the sheer size of the developer base and its ability to deliver.

10/ A Bank Of America report at the end of last year measured developer interest in various L1s. Tezos ranked second.

11/ While Tezos saw a 40x expansion in the number of smart-contract calls, gas consumption went *down* as a series of incremental protocol upgrades profoundly optimized the virtual machine in 2021.

12/ Tezos core development teams have proposed the most credible scaling roadmap out there on a short timeline. It may just be my opinion, but having made a number of really correct technical calls in this space since 2014, I think it carries some weight.

13/ Yesterday, the protocol automatically hot-swapped its consensus algorithm from its old Nakamoto-style PoS variant to a more classical BFT style with sortition. This happened pretty seamlessly and without hard fork. Can you think of a larger upgrade in this space?

14/ There are lots of companies building on Tezos. Most of them are based outside of the United States, and only a few of them seek venture capital. Be aware of this when estimating adoption.

15/ If you're not paying close attention to the Tezos ecosystem, there is a good chance you are severely overlooking the progress of its adoption and technology over the past year.