Metis METIS

1. Summary

Ranks

Liquidity

98

Developer

-

Social

97

Momentum (beta)

16

Stack Rank™

-

Price

$49.00 +9.8%

Market Cap

$278.66M (#203)

Supply

5.69M / 10.00M

Tags

Binance Smart Chain Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Metis Ecosystem Layer 2 Layer 2 (L2) DWF Labs Portfolio Rollup GMCI Layer 2 Index OKX Ventures Portfolio

More Metrics

Price
52W High price	$134.87
52W High date	12th Mar 2024 (4 months ago)
All Time High (ATH) Date	16th Jan 2022 (2 years ago)
ATH Price	$323.54
% From ATH	-84.77%
All Time Low (ATL) Date	23rd May 2021 (3 years ago)
ATL Price	$3.45
% From ATL	1327.3%

Supply & Trading Volume
Trading Volume (24h)	$22.53M
Total Supply	10.00M
Max Supply	10.00M
Circulating Supply	5.69M

Less Metrics

Description

Metis is a Layer 2 framework designed to support the migration of applications and businesses from Web 2.0 to Web 3.0. This framework, known as Metis Rollup, provides a scalable protocol for various use cases including yield farming, DEX trading, and micropayments via decentralized applications (dApps) supporting the gig economy.

Read More

Metis is a Layer 2 framework designed to support the migration of applications and businesses from Web 2.0 to Web 3.0. This framework, known as Metis Rollup, provides a scalable protocol for various use cases including yield farming, DEX trading, and micropayments via decentralized applications (dApps) supporting the gig economy.

Key Features

Metis Rollup combines the benefits of optimistic rollups and zero-knowledge proofs to ensure fast transaction confirmation and high security. This hybrid approach aims to reduce the time required for transaction finality from seven days to approximately four hours. The platform incorporates the Decentralized Autonomous Company (DAC) framework, which makes it easy for developers to build applications and communities.

Advantages

• Scalability: Metis Rollup supports a wide range of use cases and offers scalability for cost-effective and efficient transactions.
• Ease of Use: The DAC framework streamlines development and management processes for dApps and communities.
• Flexibility: The hybrid rollup architecture provides a balance between security and speed by leveraging both optimistic rollup and zero-knowledge proof technologies.

Infrastructure

• Layer 2: Metis Rollup operates as a Layer 2 infrastructure that leverages Ethereum mainnet for security, ensuring that the full benefits of Ethereum are inheritable.
• Smart Layer 2 Architecture: Off-chain data storage is utilized to reduce costs and improve transaction efficiency.

Community Governance

• Decentralized Governance: The MetisDAO Foundation is dedicated to empowering the community to participate in decision-making through a voting framework for decentralized governance.

Applications

• DApps: Supports various applications such as yield farming, DEX trading, and micropayments.
• DACs: Enables the development and management of Decentralized Autonomous Companies.

Technical Details

• Hybrid Rollup: Combines optimistic rollup technology with zero-knowledge proofs for enhanced security and reduced transaction confirmation times.
• zkMIPS: Utilizes zkMIPS, an improved ZK proof system for improved efficiency and compatibility with various applications.
• Smart L2 Architecture: Leverages decentralized cloud storage to reduce the data storage costs associated with Ethereum.

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