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$MATIC Continues to Impress

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$MATIC Continues to Impress

Massive acquisition for Polygon and adoption is on the rise

Aylo
Dec 12, 2021
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Welcome to the 12th Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.


We used to think of Polygon (formerly Matic Network) as just an Ethereum side-chain. Well, much has changed and there is good reason to believe that Polygon is becoming one of the greatest Ethereum L2 scaling solutions.


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The latest fundamentals

The major news from Polygon’s Zk-Day was that Mir Protocol has joined the Polygon suite of rollups. $400 million is a mega acquisition and puts Polygon at the forefront of scaling Ethereum using Zk-Rollups. 

Twitter avatar for @0xPolygon
Polygon | $MATIC - We're hiring! @0xPolygon
1/8 It's official: #Polygon welcomes @mirprotocol, a groundbreaking ZK startup in a $400M deal! Mir's amazing team developed the world’s fastest ZK scaling tech; we are joining hands to utilize it and build Polygon Zero - a highly-scalable, Ethereum-compatible ZK Rollup. 🦄💫
4:41 PM ∙ Dec 9, 2021
2,318Likes734Retweets

You can dive deeper into the tech here. 

Twitter avatar for @mirprotocol
Mir (🔜 Polygon Zero) @mirprotocol
We know people have lots of questions about our acquisition by @0xPolygon. We're excited to address all of them! For now, to learn more about Mir-- Check out our blog posts: mirprotocol.org/blog And our GitHub: github.com/mir-protocol More info coming soon!
github.comMir ProtocolMir is a blockchain in which each state transition is accompanied by a cryptographic proof. - Mir Protocol
5:42 PM ∙ Dec 9, 2021
144Likes26Retweets

There has been an increasing narrative on Twitter that many monolithic layer 1s will eventually pivot to become an Ethereum rollup.

Twitter avatar for @RyanSAdams
RYAN SΞAN ADAMS - rsa.eth 🦇🔊 @RyanSAdams
It was hinted in our podcast last week...now it's here. @0xPolygon just acquired @mirprotocol an Ethereum compatible zk-Rollup. Mir is pivoting away from a standalone L1 and becoming an Ethereum rollup. Now called Polygon Zero. Bullish Polygon. Bullish Rollups. Bullish ETH.
Image
8:19 PM ∙ Dec 9, 2021
188Likes35Retweets

This is a nice graphic that illustrates Polygon’s thesis and framework; and showcases the various different chains they will have aimed at scaling Ethereum.

Image

$MATIC adoption continues and the metrics are looking better and better each week.

Twitter avatar for @RaphaelSignal
Raphael @RaphaelSignal
1/ @0xPolygon adds 275k+ new users! This is the 11 consecutive week w/ more than 200k addresses added. Today we take a look at $MATIC's retention metrics, including retention curves, tables, and cohort analysis. Full details👇👇👇
Image
9:47 PM ∙ Dec 10, 2021
568Likes108Retweets

Uniswap is about to deploy on Polygon.

Twitter avatar for @haydenzadams
hayden.eth 🦄 @haydenzadams
The formal on-chain vote to deploy uniswap v3 to @0xPolygon is now live! Vote here: app.uniswap.org/#/vote/2/10 https://t.co/UCwFrZtmAx
Twitter avatar for @MihailoBjelic
Mihailo Bjelic @MihailoBjelic
We initiated the final phase of the governance process - On-chain Vote: https://t.co/PcHcnrcj2u. If the vote passes, the deployment is officially approved. 🤗 Huge thanks to the Uniswap community for the overwhelming support so far! Let's make this happen! 🦄💫 https://t.co/RePmCRaBlb
1:52 AM ∙ Dec 12, 2021
469Likes89Retweets

170M $MATIC is being staked by the co-founder. He must be confident.

Twitter avatar for @sandeepnailwal
Sandeep - Polygon - NAE (NOT Abandoning ETHEREUM) @sandeepnailwal
I am going to be staking all my existing $MATIC Tokens in the network, so will be moving 170m tokens to staking. Please don't be alarmed on the large token movement.
2:39 PM ∙ Dec 11, 2021
4,588Likes502Retweets

And it’s a sign that Polygon has the right type of founders. 

Twitter avatar for @cryptoMaxi420
Crypto Maxi @cryptoMaxi420
Instead of @0xPolygon founders cashing out and living insane lives like some other founders 👀👀👀, they are buying up the land scape with those profits and becoming the 1 stop shop solution for ALL #Ethereum scaling
8:30 PM ∙ Dec 9, 2021
239Likes39Retweets

The first $MATIC ETP has been launched.

Twitter avatar for @CoinDesk
CoinDesk @CoinDesk
$MATIC jumped after @21Shares announced a @0xPolygon ETP. The crypto space is tiny even compared to @BlackRock alone, says Dean Thomas, Polygon's Head of Institutional Capital. Moves like this are "about giving people access." Presented by @NexoFinance: youtu.be/c6tO1aXBjuM
9:49 PM ∙ Dec 9, 2021
215Likes47Retweets

$MATIC has been one of the strongest performers during this turbulent period for the market. They do say you should buy the alts showing the most strength in market downturns.

Twitter avatar for @coingecko
CoinGecko @coingecko
Last week, MATIC @0xPolygon held the omicron dip really well after some high profile announcements and acquisition. It outperformed BTC and ETH. With all eyes on scaling mainstream into the metaverse, Polygon is primed to play a major role.
Image
2:51 AM ∙ Dec 12, 2021
500Likes104Retweets

A key point here is revenue and bridge inflows are on the rise. This suggests much more activity is happening on Polygon.

Twitter avatar for @RaphaelSignal
Raphael @RaphaelSignal
1/ $MATIC sets 4th consecutive ATH in revenues!! Bridge net inflows balloon to +$535mm. DAU continue climb DAU: 354k (+4%) Tx/day: 3.9mm (-6%) Rev/day: $135k (+44.5%) Cost/tx: $0.035 (+53.8%) Net bridge inflows: $536mm (+153%) Net depositors: 25,981 (+9.73%) Full analysis 👇👇👇
Image
5:35 PM ∙ Dec 8, 2021
635Likes150Retweets

The growth in VRF requests on Polygon is something to take note of. This will be linked to gaming, NFT or lottery applications. 

Twitter avatar for @link_hound
TheLinkHound @link_hound
Staggering number of @chainlink fulfilled monthly VRF requests on @0xPolygon 1.6 million in 4 months HUGE Aug - 315,660 Sep - 437,539 Oct - 513,306 Nov - 391,443 Credit to @GreenSockMonkey for this data 🫂 & there's lots more data where this came from 😉
Image
1:52 AM ∙ Dec 10, 2021
157Likes23Retweets

A very cool pilot project on Polygon involves the NFL!

Twitter avatar for @BanklessHQ
Bankless 🏴 @BanklessHQ
The @NFL is working with @0xPolygon on an NFT ticket experiment 👀
8:43 PM ∙ Dec 8, 2021
595Likes165Retweets

Another development that has gone slightly under the radar.

Twitter avatar for @UmbraCash
Umbra @UmbraCash
📢 A big announcement for Umbra today! We're extremely excited to share with you that Umbra is now available on @0xPolygon. With one transaction, costing less than a cent in fees, you can be configured to receive stealth payments on the Polygon network. scopelift.co/blog/umbra-is-…
10:24 PM ∙ Dec 9, 2021
215Likes64Retweets

If you want to go deeper with some more fundamental analysis. BillyBobBaghold has a thread for you.

Twitter avatar for @BillyBobBaghold
Multi-Chain Maximalist (∞) @BillyBobBaghold
🧵 $MATIC is primed to enter into price discovery IMO. It’s fundamentals and technicals line up nicely so it’s a very bullish set up Like most of my threads, this one focuses on fundamental analysis, but it’s worth touching on the bullish technicals to begin with
7:52 AM ∙ Dec 9, 2021
308Likes68Retweets

TA ideas

Imagining a run with the Coinbase NFT marketplace launch as the climax…

Twitter avatar for @MayorOfMatic
THE MAYOR OF MATIC @MayorOfMatic
$MATIC ...what if
Image
9:07 PM ∙ Dec 11, 2021
305Likes39Retweets

Another idea.

Twitter avatar for @TechDev_52
TechDev @TechDev_52
$MATIC 2021 looks remarkably like $ETH 2017. I review top targets for $MATIC $LUNA and $TRIAS in the latest newsletter issue. 👉 getrevue.co/profile/techde…
Image
Image
4:40 AM ∙ Nov 29, 2021
3,946Likes633Retweets

But, wait, is there a catch?

Because we don’t want to just live in an echo chamber, it’s important to recognise different opinions. Here is another thread and perspective on why the acquisition might not be as bullish, at least for the price, as you might think.

Twitter avatar for @adamscochran
Adam Cochran @adamscochran
1/5 So their big announcement was that months after acquiring another ZK-rollup solution, Matic once again spent almost 200M $MATIC tokens on a separate ZK-rollup company...
Twitter avatar for @TheBlock__
The Block @TheBlock__
Polygon acquires ZK-rollups startup Mir Protocol for $400 million (via @Yogita_Khatri5) https://t.co/QCWVTAXSoa
4:45 PM ∙ Dec 9, 2021
77Likes12Retweets

We like the memes

Like the Dark Knight Trilogy and a fan of Polygon? This one is for you… 

Twitter avatar for @0xkhan_
Asif Khan @0xkhan_
An epoch started for @0xPolygon way back in April , with Polygon defi summer . An epoch is starting now , with Polygon Zk-verse . Exhilarating ,exciting , invigorating !
7:07 PM ∙ Dec 8, 2021
282Likes71Retweets

And that’s your alpha.

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