Polygon (Previously Matic Network) Polygon (https://polygon.technology/) is a layer-2 scaling solution for Ethereum that enables fast, cheap and secure transactions on side chains while relying on the security of Ethereum’s base layer. The Polygon team has been very active with AMAs on Reddit, answering community questions regularly and openly.
One particularly successful AMA was hosted in July 2021, just as Polygon was gaining huge momentum. In the AMA, Polygon co-founder Jaynti Kanani highlighted unique aspects of the project like its focus on mass adoption, carbon-neutral footprint, and building Layer 2 solutions tailored specifically for Ethereum. He shared data on Polygon’s explosive growth, including processing over 7 million transactions in a single day, compared to Ethereum’s 1.2 million.
Kanani also announced upcoming releases like Polygon Nightfall, a privacy protocol optimized for rollups, and Polygon Avail, a data availability layer. Sharing Polygon’s strong product roadmap and developmental goals made the community even more excited about its future. The AMA likely played a key role in fueling Polygon’s meteoric 2,722% price rise in 2021.
Chainlink Chainlink (https://chain.link/) is a decentralized oracle network that provides real-world data to blockchains. The project is known for its strong community engagement efforts, including regular ‘Ask Me Anything’ sessions.
In August 2021, Chainlink hosted an AMA featuring sergey Nazarov, the project’s co-founder. Nazarov spoke candidly about his background, how he learned programming and his vision for Chainlink. He also highlighted unique aspects of the project like its laser focus on building tamper-proof and high quality data feeds. Nazarov emphasized the importance of reliable oracles and shared impressive statistics like how Chainlink already secures around $75 billion in smart contract value across DeFi and gaming.
The transparency and insights shared helped build trust and affinity among community members. Chainlink’s price rose over 120% in subsequent months. Its market cap also hit an all-time high of $15 billion in September 2021.
Avalanche Avalanche (https://www.avalabs.org/) is a layer one blockchain that focuses on speed, scalability and low transaction costs. In January 2022, Avalanche founder Emin Gün Sirer hosted an AMA where he spoke in-depth about his motivations for building Avalanche and how it differs from other platforms.
Unlike older protocols plagued by congestion issues, Avalanche is built on a completely new architecture designed specifically for scale and speed. Key innovations include its unique three-chain architecture and leaderless PoS consensus able to finalize transactions in under a second.
Sirer shared hard data on Avalanche’s benefits, like how it processed over 2.6 million transactions on Christmas day 2021 beating even Visa’s peak capacity. Discussing technical aspects in detail helped position Avalanche as a true Ethereum killer and its price rose over 200% in subsequent months.
The Graph The Graph (https://thegraph.com) is a decentralized protocol for indexing web3 data that powers many applications in DeFi, NFTs and gaming. In September 2021, Graph co-founder Yaniv Tal shared his entrepreneurial journey and decision to build Graph in an AMA hosted on the project’s Discord.
Tal emphasized Graph’s laser focus on solving blockchain’s data querying needs. He explained nuances like how existing solutions were too centralized or created bottlenecks. Tal also highlighted innovations like Graph’s decentralized network of indexers and use of tokens to align incentive structures within the ecosystem.
Sharing his vision to create a fundamental Web3 data infrastructure helped align the community to Graph’s goals. Over $1 billion worth of data queries were processed on the network within just 8 months of the mainnet launch demonstrating serious developer traction. Following the AMA, Graph’s native token rose over 280% in 2021.
Quant Quant (https://www.quant.network/) is an interoperability focused, layer one blockchain that connects different distributed ledger technologies at the protocol layer. In an AMA hosted in June 2021, Quant founder Gilbert Verdian emphasized Quant’s focus on regulatory compliance and working with governments and enterprises.
Unlike many crypto projects with anti-establishment ethos, Quant is actively working on bridging blockchain with existing institutional frameworks. Verdian highlighted Quant’s achievements across industries like partnerships with Oracle, European Commission and with various central banks in digital currency projects.
Quant’s partnerships with over 100 financial firms and aligned vision likely created confidence among traditional investors. Quant saw over a 750% price rise within 3 months of the AMA as institutional interest in the project grew. Its unique outlook and concrete progress helped attract this interest during a period most cryptos were losing steam.
About The Author
