There is no question that DOT is the clear leader in the Web3 space.
There are >155 projects developing on DOT's ecosystem and DOT has the highest growth in developer activity in 2021 and the 2nd highest absolute level of dev activity (behind ETH). DOT grew from 2,600 devs to 10,000 devs by year-end 2021. Those 10k devs wrote 2 million lines of code in 2021. 2022 starts the year with 10k devs and an exponential rate of growth of the network. At current prices DOT is very undervalued imho compared to the level of influence it is about to play in the entire blockchain ecosystem.
My thesis has always been to buy the MOST fundamentally valuable coin and in the Tech / Software space the ones who become the most valuable (whether it's Oracle, MSFT, GOOG, AMZN, etc) are the ones who invest the most in R&D. In this case R&D comes in the form of developer activity and manhours invested in programming code. PolkaDot easily takes the cake.
On top of R&D invested in any venture (software and non-software alike), if the venture is led by a genius, your chances of success increase. Dr. Gavin Wood is perhaps one of the smartest devs in the entire Blockchain space. Dr. Wood co-founded Ethereum and with that knowledge he KNOWS exactly what to develop to create something even better. This is a major advantage that NO OTHER blockchain project enjoys - not Solana, not Avalanche, not ALGO, etc... although these other projects seem impressive and are in many respects, DOT imho will be the outright technological winner that stayed true to the 3 pillars of blockchain (decentralized, secure, scalable). Not only that, but Dr. Wood had the vision to target 1 million TPS years ago when no one else was setting their sights on such an ambitious target.
Furthermore, the parachain auction platform is starting to flex its muscles and actually showcase the genius behind this incentivized system of locking up DOT tokens (net deflationary) for 2 years to projects that can then lease a slot auction which then incentivizes those projects to develop and put their ideas into implementation while at the same time not having to worry about creating security features as the PolkaDot substrate has already taken care of that for any venture connecting to the parachain substrate. The number of protocols suffering from security flaws are innumerable and Dr. Wood knew this from the beginning of developing PolkaDot. I'm very impressed by his sheer vision and ability to foresee what would be the big issues to overcome and his ability to create a system that maximizes "skin in the game" from a game theory economic standpoint.
If you check out some of PolkaDot's projects here at https://parachains.info/, you will find 155 projects developing at varying rates and many of which are very impressive. If you click around, you will see most are backed by venture capital, which is a very important metric to see as this increases the chances of success since the capital they deploy comes with timeline goals as well as support in finding talent as they can tap into broader global networks.
Lastly, the oft forgotten Facebook Diem connection to PolkaDot continues to develop with almost zero notice to the rest of the world. Pontem Network is creating a PolkaDot based substrate that will connect Diem and DOT's entire network. You can read more here https://pontem.network/#
Things also got a lot more interesting with the arrival of Diem's former COO now being hired as the current COO of the Web3 Foundation (the foundation behind PolkaDot).
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/polkadot-blockchain-recruits-former-facebook-backed-diems-coo/
This will only quicken the adoption and integration of a mainstream social app that has 2.8 billion users and allow them to interact within the PolkaDot ecosystem with ready made apps. Some of my favorites are Phala Network, Moonbeam, Crust Network, Acala, and many more that I know I'm not mentioning (forgive me).
There are >155 projects developing on DOT's ecosystem and DOT has the highest growth in developer activity in 2021 and the 2nd highest absolute level of dev activity (behind ETH). DOT grew from 2,600 devs to 10,000 devs by year-end 2021. Those 10k devs wrote 2 million lines of code in 2021. 2022 starts the year with 10k devs and an exponential rate of growth of the network. At current prices DOT is very undervalued imho compared to the level of influence it is about to play in the entire blockchain ecosystem.
My thesis has always been to buy the MOST fundamentally valuable coin and in the Tech / Software space the ones who become the most valuable (whether it's Oracle, MSFT, GOOG, AMZN, etc) are the ones who invest the most in R&D. In this case R&D comes in the form of developer activity and manhours invested in programming code. PolkaDot easily takes the cake.
On top of R&D invested in any venture (software and non-software alike), if the venture is led by a genius, your chances of success increase. Dr. Gavin Wood is perhaps one of the smartest devs in the entire Blockchain space. Dr. Wood co-founded Ethereum and with that knowledge he KNOWS exactly what to develop to create something even better. This is a major advantage that NO OTHER blockchain project enjoys - not Solana, not Avalanche, not ALGO, etc... although these other projects seem impressive and are in many respects, DOT imho will be the outright technological winner that stayed true to the 3 pillars of blockchain (decentralized, secure, scalable). Not only that, but Dr. Wood had the vision to target 1 million TPS years ago when no one else was setting their sights on such an ambitious target.
Furthermore, the parachain auction platform is starting to flex its muscles and actually showcase the genius behind this incentivized system of locking up DOT tokens (net deflationary) for 2 years to projects that can then lease a slot auction which then incentivizes those projects to develop and put their ideas into implementation while at the same time not having to worry about creating security features as the PolkaDot substrate has already taken care of that for any venture connecting to the parachain substrate. The number of protocols suffering from security flaws are innumerable and Dr. Wood knew this from the beginning of developing PolkaDot. I'm very impressed by his sheer vision and ability to foresee what would be the big issues to overcome and his ability to create a system that maximizes "skin in the game" from a game theory economic standpoint.
If you check out some of PolkaDot's projects here at https://parachains.info/, you will find 155 projects developing at varying rates and many of which are very impressive. If you click around, you will see most are backed by venture capital, which is a very important metric to see as this increases the chances of success since the capital they deploy comes with timeline goals as well as support in finding talent as they can tap into broader global networks.
Lastly, the oft forgotten Facebook Diem connection to PolkaDot continues to develop with almost zero notice to the rest of the world. Pontem Network is creating a PolkaDot based substrate that will connect Diem and DOT's entire network. You can read more here https://pontem.network/#
Things also got a lot more interesting with the arrival of Diem's former COO now being hired as the current COO of the Web3 Foundation (the foundation behind PolkaDot).
https://www.altcoinbuzz.io/cryptocurrency-news/product-release/polkadot-blockchain-recruits-former-facebook-backed-diems-coo/
This will only quicken the adoption and integration of a mainstream social app that has 2.8 billion users and allow them to interact within the PolkaDot ecosystem with ready made apps. Some of my favorites are Phala Network, Moonbeam, Crust Network, Acala, and many more that I know I'm not mentioning (forgive me).