Ethereum

Tethys

Metis

<a href="https://bitcoinworld.co.in/the-price-of-metis-surges-50-in-the-past-24-hours/" title="The Price Of Metis Surges 50% In The Past 24 Hours" rel="nofollow"></a>
Metis (METIS), the native cryptocurrency of layer 2 network Metis, surged in price as much as 50% in the past 24 hours before giving back some gains, as a previously announced grant made the rounds in crypto circles on X, galvanizing investor interest in the token and related projects. 
The <a href="https://coinstats.app/coins/metis-token/">price</a> surge extended 30-day gains to over 240%, data tracked by Coinstats show, as trading volumes for the tokens jumped to over $50 million on Tuesday from just $2 million at the start of December. 
<figure id="attachment_59638" aria-describedby="caption-attachment-59638" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-59638" src="https://bitcoinworld.co.in/wp-content/uploads/Metis-Price-Chart-483x300.png" alt="" width="573" height="356" srcset="https://bitcoinworld.co.in/wp-content/uploads/Metis-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Metis-Price-Chart.png 760w" sizes="(max-width: 573px) 100vw, 573px">
 <figcaption id="caption-attachment-59638" class="wp-caption-text">
 Metis Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Metis is part of a cohort of layer-2 scaling protocols that allow users to transact on the Ethereum blockchain faster and for cheaper fees but with their own ecosystem projects and tools. 
Earlier this month, the MetisDAO Foundation, which maintains Metis, unveiled an Ecosystem Development Fund (EDF) of 4.6 million METIS dedicated to bootstrap development, liquidity, activity, and adoption in the Metis ecosystem. 
The amount is worth over $360 million as of Tuesday at current prices.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/mt-gox-creditors-finally-getting-paid-after-10-years-what-a-special-christmas/" aria-label="“Mt. Gox Creditors Finally Getting Paid After 10 Years, What A Special Christmas” (Edit)">Mt. Gox Creditors Finally Getting Paid After 10 Years, What A Special Christmas</a> 
Disbursements to projects are expected to start in the first quarter of 2024 after the release of the Metis decentralized sequencer, or a technology that distributes nodes that process transactions all over the globe. 
Users widely expect these rewards to trickle down to them as they use applications built on the Metis network.&nbsp; 
That has helped bolster the value locked on Metis projects to over $500 million as of Tuesday from just under $100 million last week, data shows. 
<h3 id="span-style-font-weight-400-metis-ecosystem-heats-up-span">Metis Ecosystem Heats Up</h3> 
Tokens of some ecosystem projects have more than doubled in the past week: staking tool Maia’s MAIA token has surged 97%, and swapping protocol Hermes’ HERMES token has jumped 140%. 
Annualized rewards on the popular HERMES and METIS liquidity pool have jumped to 200%, while riskier trading pairs offer as much as 350%, data from Hermes shows. 
Trading volumes on the decentralized perpetual trading protocol Tethys spiked to over $18 million in the past 24 hours from an average of under $10 million in the prior weeks, bumping prices of the TETHYS tokens by 60%. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/the-price-of-metis-surges-50-in-the-past-24-hours/">The Price Of Metis Surges 50% In The Past 24 Hours</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

The Price Of Metis Surges 50% In The Past 24 Hours

Table of Contents

ItsBitcoinWorld

Other articles published on Dec 27, 2023

PancakeSwap Price Prediction: Will CAKE Crypto Break Above $4?

Cardano Price Remains Stable And Holds Above The $0.57 Low

Time is Running Out for Public Officials: They Will Have to Declare Bitcoin and Cryptocurrencies ...

Shiba Inu’s Future: Speculations and Milestones

Crypto Tony Projects Spike for Dogecoin, TRON Bullish on the Charts, Meme Moguls to Lead The Meme...

Crypto ETFs at risk from SEC’s regulatory approach, BitMEX claims

Join our free newsletter for daily crypto updates!