The State of matsnet Alpha

matsnet Alpha, as the name suggests, provides only a glimpse of what's to come. Mezo’s next phase will focus on further improving the BitcoinFi experience as well as new product offerings.

Vaish Puri

04 Feb 2025 • 3 min read

matsnet Alpha was an experiment in community, creativity, and economic play. When we launched a month ago, we set out to create an ecosystem where community engagement meets real utility and where mats transform into something more. Today, we're taking a moment to reflect on what our incredible community has built together since the matsnet launch and share our vision for the road ahead.

And what a month it's been - our community has experienced explosive growth. What started as a modest Discord of 10,000 members has surged to nearly 90,000 in just 30 days. Relentless shipping has paid off, as we see each new feature release our recent mUSD borrowing features driving particularly strong engagement.

The Numbers Tell the Story

The growth of matsnet Alpha has exceeded our most optimistic projections. Let’s start with the stats that matter.

matsnet Alpha’s Economy:

83.45 matsnet BTC (test-Bitcoin) minted
Over 59,000 total transactions processed
26,243 total users actively transacting on the network
A thriving lending market with $32.9M+ in mUSD borrowed
12,893 unique Ethereum users bridging into the ecosystem
13,350 unique Bitcoin users embracing BitcoinFi
80,000+ Discord members

Community Highlights

The Meme Market and pamp.land took a simple idea and transformed it into one of the most active segments of matsnet Alpha. What started as a Discord-led initiative slowly spiraled into a wholly functioning economic playhouse. Here’s how you turned memes into momentum:

2.5m mats in total meme trading volume
2.1m mats spent buying Mezo memes
1,797 unique traders fueling the market
144 meme collections launched

mUSd: Borrow, Spend, Repeat

From borrowing mUSD to spending it in the store, matsnet Alpha has become a full-circle economy. With mUSD, users have been actively testing Bitcoin-backed lending.

Haven't tried borrowing yet? Check out our detailed guide to get started in less than 11 seconds.

Here’s how big borrowing got:

$32.9M in total mUSD borrowed
1,905 unique users minted mUSD
Borrowing process averaged 10.9 seconds

These numbers highlight Bitcoin-backed borrowing works, and Mezo makes it seamless.

🛒 What Happens After Borrowing? Retail Therapy

mUSD is meant to be used, and Mezo users were quick to spend it on the matsnet Marketplace. After borrowing mUSD, users flocked to acquire exclusive Mezo merch. This testnet exercise was a great way to stress test our infrastructure. Here are some key takeaways:

1,182 Hats claimed
328 Hoodies claimed
325 T-Shirts claimed

It goes without saying that users who borrowed were twice as likely to engage with other parts of the ecosystem, giving validity to our circular Bitcoin economy theory. Earn in Bitcoin, transact in Bitcoin, save in Bitcoin.

We Want Your Feedback

A huge thank you to everyone who’s contributed to matsnet Alpha’s success so far. Your support has been invaluable. If you’ve tried borrowing mUSD, please share your thoughts and suggestions on Discord or through our feedback channels. Your insights will help us refine and improve the experience for everyone.

If you haven’t yet borrowed mUSD, now is the perfect time to explore.

What’s Next: The Road to Mainnet

matsnet Alpha, as the name suggests, provides only a glimpse of what's to come. Mezo’s next phase will focus on further improving the BitcoinFi experience as well as new product offerings. Here’s what’s on the horizon:

Developer Toolkit Release
UI/UX Improvements for Borrowing
Full Roadmap Reveal soon™️

Expect a full blog post soon with details on mainnet plans, ecosystem expansion, dApp offerings, and how matsnet Alpha's lessons will shape Mezo's future.

Keep pushing, keep breaking. Mezgo.