Purpose Drawing from the resource-based view (RBV), this study aims to develop a parsimonious model in the context of digital platforms that links strategic network resources (SNR) and firm performance through considering dynamic capabilities (DC) as important mediating mechanisms. In addition, we also investigate how platform monitoring shapes the relationship between SNR and DC. Design/methodology/approach This study uses the survey data from 162 firms in eastern China. Findings The findings indicate that both two DC dimensions (i.e., sensing and reconfiguring) significantly mediate the relationship of SNR-performance. Moreover, platform monitoring positively moderates the relationship of SNR and sensing as well as SNR and reconfiguring. Originality/value With these findings, this study advances SNR and digital platform research and provides insights into how to transform SNR into superior performance through DC.