Metis Token Price

Metis Token (METIS) is a Layer 2 scaling solution cryptocurrency that operates on the Ethereum platform. Launched in 2021, it serves as the native token of the Metis protocol, which focuses on enhancing blockchain scalability through rollup technology. Currently ranked #410 with a price of $14.9, METIS has seen a -6.82% change in the last 24 hours. The token has a circulating supply of 6.42M METIS out of a maximum supply of 10M METIS. METIS is primarily used for paying transaction fees (gas) on the Metis network and for staking in Decentralized Autonomous Companies (DACs). It also supports the protocol's governance system, allowing token holders to participate in decision-making processes. With a market capitalization of $95.69M, METIS plays a crucial role in the Metis ecosystem, which aims to provide efficient, low-cost blockchain infrastructure for decentralized applications.

Metis Token was created on May 13, 2021. The project was launched on the Ethereum platform as a Layer 2 scaling solution. Metis Token began as a fork of Optimism, quickly developing its own virtual machine before officially launching the METIS token. Since its creation, Metis Token has focused on providing privacy, scaling solutions, and zero-knowledge proofs within the blockchain ecosystem.

Metis Token was founded by Elena Sinelnikova, who serves as the CEO, along with her co-founders Kevin Liu and Yuan Su. The project was launched in May 2021 as a Layer 2 scaling solution for Ethereum. Elena Sinelnikova is also known for founding Women in Blockchain, showcasing her commitment to blockchain technology and community building. The founding team's vision was to create a platform that addresses Ethereum's scalability issues while maintaining decentralization and security.

Metis Token operates as a Layer 2 scaling solution for Ethereum using optimistic rollup technology. This approach bundles multiple transactions off-chain before submitting them to the Ethereum mainnet, significantly reducing gas fees and increasing transaction speeds. The METIS token serves multiple functions within the ecosystem: - Paying transaction fees on the Metis Token network - Staking to secure the network and earn rewards - Governance participation for protocol decisions With a maximum supply of 10M METIS tokens and 6.42M METIS currently in circulation, Metis Token provides a more efficient alternative to Ethereum's congestion issues. The protocol features a Decentralized Autonomous Company (DAC) framework that allows businesses to operate on-chain with built-in governance tools. Metis Token's current price is $14.9, with a market cap of $95.69M and 24-hour trading volume of $274.12K. The network continues to expand its ecosystem through partnerships and development initiatives.

Metis Token utilizes an Optimistic Rollup architecture as its Layer-2 scaling solution built on Ethereum. This technical framework enables METIS to process transactions more efficiently while maintaining security through fraud proofs. The architecture consists of: 1. Optimistic Rollup Layer: Batches multiple transactions off-chain before submitting them to Ethereum mainnet 2. Fraud Proof System: Ensures transaction validity without processing each transaction individually on-chain 3. Sequencer Network: Manages transaction ordering and processing 4. Smart Layer-2 Framework: Provides enhanced scalability while inheriting Ethereum's security This architecture allows Metis Token to significantly reduce gas fees and increase transaction throughput compared to operating directly on Ethereum, making it suitable for DApps requiring high performance and lower costs while maintaining decentralization principles.

Metis Token has an ambitious roadmap for 2025 and beyond. The Andromeda upgrade, scheduled for the first half of 2025, represents a significant milestone in METIS's development. This upgrade aims to enhance security, reduce transaction costs, and improve scalability while maintaining alignment with Ethereum's latest advancements. Since its launch in 2021, Metis Token has focused on scaling Ethereum while upholding principles of decentralization and innovation. Currently ranked #410 with a price of $14.9, Metis Token is positioning itself as a leading Layer 2 solution. The development team is committed to expanding the METIS ecosystem through improved infrastructure, enhanced developer tools, and broader adoption strategies. With a maximum supply of 10M METIS and current market cap of $95.69M, Metis Token has significant growth potential. Future plans include further optimization of rollup technology, expanded cross-chain capabilities, and deeper integration with DeFi protocols. The team's vision extends through 2030, focusing on making Metis Token a cornerstone of Web3 infrastructure.