When comparing Material Theme vs One Dark, the Slant community recommends One Dark for most people. In the question“What are the best color themes for text editors?” One Dark is ranked 6th while Material Theme is ranked 17th. The most important reason people chose One Dark is:
Its wide hue range with good saturation/value use make a good enough contrast to skim the code fastly and not too vibrant to kill your eyes.
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Pros
Pro Improves Sublime Text's user interface
The theme cleans up the interface so that all elements in the UI are easier to find without being distracting. The icons for each file type clearly define what the file is so there's no having to look too closely at file extensions.
The color scheme choices (such as Oceanic Next Dark) in particular work well to distinguish functions, classes, keywords, properties, values, etc. for various languages.
Pro Visually appealing
Pro Full language support
Pro Colors are calm and easy to distinguish
Its wide hue range with good saturation/value use make a good enough contrast to skim the code fastly and not too vibrant to kill your eyes.
Pro Available for vim
Pro Available on a wide range of applications
KDE Plasma, VsCode etc...
Pro Available for Intellij IDEA
Pro Available for Atom clones and Sublime
Possibly for others too
This theme is a default one for Atom text editor.
Pro Default theme for Doom Emacs
Pro Calm blue background
If used with flux, it turns into warm gray during night.
Pro Available as a base16 theme
Pro Includes GUI themes
Cons
Con No contrast between main view and panels
Makes it hard to distinguish what's what at a glance.
Con Developer pushes versions too often
Very little meat in each version. Has been known to dramatically change the color scheme.
Con Ports to other applications are not always accurate.
Con Kind of fadey
The colors aren't that bright (which may be good for some people).