Metis (METIS) Price

The MetisDAO token is a Layer-2 framework for Ethereum that doesn’t only have the ability to boost the throughput of the second most popular crypto in the world but also brings some amazing innovations. The solutions this token has may alter the way digital assets are stored and traded, or manage communities and businesses. 

Known as  Andromeda network, Metis DAO mainnet is a massively scalable, low-cost blockchain built on the Optimistic Rollup technology. This algorithm gives access to the processing of a series of Ethereum transactions as a single unit, which boosts the network’s throughput without damaging security. Thus, helping to implement some use cases of Matis that are gaining huge speed in 2022. 

MetisDAO Features and Updates

Built on the Optimistic Rollup technology, Metis's goal is to create an easy-to-use and fully functional Layer 2 framework called the Metis Rollup that will support the application and business switch from Web2 to Web3. 

The scalable protocol approves a wide variety of use cases such as open-source developer communities, freelancer communities, gaming communities, NFT platforms, decentralized Reddit-like social platforms, yield farming, influencer communities, DEX trading, and lots more. Metis token puts the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure, which is a differentiating factor that enables it to be easy for developers, community managers, and builders to create their communities and applications. 

This also makes it simple to use pre-set tools to help their development, manage the partnership, and enjoy the network effects of the world’s biggest decentralized finance (DeFi) network, without the costs and obstacles normally experienced with the Ethereum network. 

Currently, MetisDAO token has a supply of 4,930,000.51 with 1,260,399.93 in circulation. The most recent price of the token is $52.9438989 which went up to 16.63% within the last 24 hours. MetisDAO is currently trading on 21 active markets, having traded $9,208,429.85 over the last 24 hours. 

MetisDAO Team

As mentioned via a blog post in September 2020, MetisDAO was announced to be the first DAC on the Metis network. The MetisDAO Team is made up of high-profile individuals in the cryptocurrency industry such as Caria. W the Matrix Co-Founder and CEO, Elena.S the Metis Co-founder & Decentralization Coordinator and Kevin. L the Metis Co-founder & Product Lead.