Hey all! Before I dive into this hype train please consider this.....I have off personally invested in #Polygon aka #MATIC so consider me biased here and always DYOR (Do Your Own Research!)
That being said I saw something last year in Polygon that I have not seen in other projects....Their business acumen.
For any company to succeed in the long run it must possess a full suite of talent. In my opinion for its current value of around a dollar, MATIC represents one of the best buys out there. Certainly last June at under $.40 it was an amazing deal! We are still far from their ATH of over $2.90 during crypto's last bull run. However, with them now landing new partnerships left and right I can easily see MATIC surpassing this ATH on the next bull run, and here is why!
1. Security and Stability! Polygon is not the fastest chain out there currently but it is solid with decent speed and low transaction fees. There is some big potential to increase their transaction speed which currently lags behind projects like #Solana. ZK proofs are in the works along with their advancements working on running concurrent chains. That being said Polygon is faster than $ETH which is really the most important factor for them currently since they are an ETH sidechain as well. I shared an article from #Coindesk here that dives deeper into some of Polygon's functionality and upcoming changes along with my take ==> Solana vs Polygon - A Developer's perspective
"A one-sentence summary of how Solana and Polygon differ on their approach to scaling would be: Solana is built to keep everything on a single chain and Polygon is built to add more concurrent chains that merge state periodically."
2. Support! Polygon is consistently in the top 10 for TVL for all cryptocurrencies, supporting a wide variety of projects from finance to gaming 💪 Check out the article "Polygon Insights for 2022" here to learn more about their ecosystem, new wallets, transaction volume and more ==> Polygon Insights for 2022
"The number of Active wallets trended upward, hitting a new all-time-high in Q4 of 11 mm+, an increase of 115% relative to last year's Q4, and the total active wallets reached 206 mm (+58% from 2021).
While the transaction volume of major chains dropped significantly in the second half of the year, the Polygon network maintained a healthy level of monthly transactions in the range of over 80 mm. On the other hand, Binance dropped to less than half its transaction volume from the beginning of the year to around 68 mm, Avalanche was steady until April, but trickled down to 2.8 mm by December."
3. Business Acumen! Alright, so this is the big one for me, I have been looking forward to seeing crypto and Web3 become more mainstream. Polygon seems to be the company that is landing deals left and right with a massive variety of established companies as well as working with companies within #Web3. Whether it's poaching projects like y00ts from Solana or landing a deal with Disney, they are showing off a skillset that I have not seen before in this space. Here is a great article and infographic from the Blockchain Council talking about some of these partnerships ==> Polygon Technology: Top 10 Partnerships
There are also some notable deals not listed here. Coca-Cola, Mastercard, and Warner Music are just a few of the companies not mentioned above that partnered with Polygon to release their NFTs. Robinhood recently announced they will utilize Polygon for their new crypto wallet for their users as well. On a personal note, I would not recommend working with Robinhood. They have shown themselves to actually be the opposite of their namesake.
As Web3 goes mainstream Polygon has given itself an early lead over the competition. This should result in more overall TVL once the projects with these large brands are completed, making this a great time to begin allocating $MATIC 😃 If you do plan on holding for the long term I would highly recommend staking your MATIC in a safe place or a slightly more risky yet more profitable choice; providing liquidity on reliable markets like Curve, Aave, or QuickSwap.
As always I'm curious to see how everyone else feels about Polygon. Please feel free to let me know your thoughts good or bad below 🤓