Thread by @MTorygreen

Confession:

I didn’t understand the hype around @0xPolygon

But after joining #Web3 full-time, I noticed that EVERYONE is building on it

So I dug in to see what all the excitement is about

Here's 10 reasons everyone loves $MATIC

(including @mcuban)

A microthread⚡ 🧵

1/15

2/

$MATIC is crushing it 🔥

Along with ETH, it's one of the few blockchains that appreciated over the past 180 days

(and it outperformed its nearest competitor by nearly 3x)

So why is the protocol outperforming?

3/15

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

I’d argue it’s none of those things

As noted VC John Doerr said:

"Ideas are easy. Execution is everything."

And #Polygon EXECUTES …

4/15

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…

5/15

🔶 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

6/15

🔶 High Security

As a sidechain, $MATIC inherits much of Ethereum's security

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

7/15

🔶 Wide User Adoption

After BNB, #Polygon has the second most users of any blockchain

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

8/15

🔶 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…

9/15

🔶 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

10/15

🔶 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)

11/15

🔶 Team

Polygon has built a world-class team:

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

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

12/15

🔶 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.

13/15

🔶 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 engagement

14/15

🔶 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

15/15

I found the following accounts very helpful when researching @0xPolygon

If you'd like to learn more, I suggest you follow them!

@0xPolygonDeFi
@0xPolygonDevs
@0xPolygonMemes
@0xpolygonzk
@onPolygon_
@Polygon_Times
@PolygonDaily
@PolygonNews_
@sandeepnailwal
@ViktorDefi

https://twitter.com/MTorygreen/status/1648008480295620609