Polygon and Solana teams fight over centralization on Twitter

Polygon (MATIC) and Solana (SOL) execs have fought on Twitter. They argued on which protocol is the truly decentralized blockchain with real users.

Mert Mumtaz, CEO of Solana-based Helius, posted on Twitter an image showing the total amount raised by the Solana (SOL) ecosystem since its launch. He compared it with Polygon’s funding efforts to date. He also claimed Solana is using its funds more effectively than the company behind MATIC.

Polygon has received over 130M more in funding than Solana

Polygon uses the money to pay people to use the chain and acquire companies

Solana uses it to improve the tech and build the community and has *thousands* of more nodes

do with this information what you will pic.twitter.com/ZOG6vs63hR

— mert | Helius (, ) (@0xMert_) December 6, 2022

In response to Mert’s comments, Polygon co-Founder Sandeep Nailwal lambasted the Solana team for ‘feeling jealous and defeated.’ He argued that Polygon came from a “humble background” and could not afford to dish out millions of dollars to builders.

I’ve been ignoring these comments but lemme do it, not for the ecosystems who are feeling defeated & jealous, but for @0xPolygon community.

– Polygon comes from a humble background, even thinking of paying $20mn for one project scares us
Tho, I wish we had this much surplus https://t.co/MhbRK9sqcX

— Sandeep | Polygon (@sandeepnailwal) December 6, 2022

Solana project is arguably one of the direct victims of the FTX debacle. However, Solana Foundation claims otherwise. In recent news, the SOL transactions per second hit an all-time high at 8453 TPS.

More recently, Polygon announced a partnership with Warner Music Group and interactive platform builder LGND to launch a web3-based music application that will allow users to play digital records.

At the time of writing, Polygon’s MATIC token was the 10th-largest crypto in the world, with a market cap of $7.76 billion. Solana’s SOL token occupied the 15th spot on the CoinMarketCap with $4.97 billion.