Ethereum

2024

Metis

<p>Small-cap altcoins have registered a <a href="https://coingape.com/tellor-tributes-trb-price-hits-new-ath-amid-whale-action-2000-rally-in-2023/" target="_blank" rel="noopener noreferrer nofollow">major rally</a> during the last quarter of 2023 and MetisDAO (METIS) is one among them. The METIS price is on a pretty strong take gaining 350% just over the last 15 days. This massive price rally comes as MetisDAO hints at promising updates in the coming year of 2024.</p>
<h3 id="about-metisdao">About MetisDAO</h3>
<p>Metis, among a group of layer-2 scaling protocols, empowers users to conduct faster and more cost-effective transactions on the Ethereum blockchain while fostering its own ecosystem projects and tools. In a recent development, the MetisDAO Foundation, the entity overseeing Metis, introduced the Ecosystem Development Fund (EDF). The EDF, totaling 4.6 million METIS, is designed to kickstart development, enhance liquidity, drive activity, and promote adoption within the Metis ecosystem.</p>
<p>MetisDAO said that in 2023, it emerged as the DeFi platform with the third-largest TVL among all the other Ethereum Layer-2 competitors, thereby making a significant milestone.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Closing 2023 with the 3rd highest TVL among <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> Layer 2s, and this is just the beginning<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ab.png" alt="💫" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>Source: <a href="https://twitter.com/l2beat?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@l2beat</a></p>
 <p>— Metis<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f33f.png" alt="🌿" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MetisDAO) <a href="https://twitter.com/MetisDAO/status/1741388725274157444?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 31, 2023</a></p>
</blockquote>
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<h3 id="metis-gearing-up-for-a-strong-2024">METIS Gearing Up For A Strong 2024</h3>
<p>MetisDAO recently <a href="https://twitter.com/MetisDAO/status/1741983920248205730" target="_blank" rel="noopener noreferrer nofollow">announced</a> that they have great things planned ahead this year in 2024. With analysts predicting a strong altcoin season, this could just be the beginning of the mega bull run for METIS.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Great things are coming to the <a href="https://twitter.com/hashtag/Metis?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Metis</a> ecosystem<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f33f.png" alt="🌿" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>— Metis<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f33f.png" alt="🌿" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MetisDAO) <a href="https://twitter.com/MetisDAO/status/1741983920248205730?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The recent introduction of the Ecosystem Development Fund (EDF) by the MetisDAO Foundation, valued at 4.6 million METIS or over $360 million, stands as a significant milestone for the Metis network. This dedicated fund aims to drive development and adoption within the Metis ecosystem, creating a conducive environment for increased user activity and project engagements.</p>
<p>Notably, key projects within the Metis ecosystem have demonstrated substantial growth. Tokens such as MAIA from Maia and HERMES from Hermes have experienced impressive increases of 25% and 70%, respectively, underscoring the vibrancy and robust health of the Metis ecosystem.</p>
<p>Liquidity pools within the ecosystem, particularly for HERMES and METIS, now offer annualized fee rewards of up to 200%. For those seeking more adventurous trading opportunities, specific pairs present potential rewards reaching as high as 350%, attracting significant user interest and participation and contributing to the network’s continued expansion.</p>
<p>Tethys, the decentralized perpetual trading protocol within the Metis ecosystem, has emerged as another success story. The protocol has witnessed a remarkable surge in trading volumes, surpassing $18 million in the last 24 hours. Concurrently, the value of TETHYS tokens has experienced a 20% increase, indicative of a thriving and expanding trading environment.</p>
<p>The post <a href="https://coingape.com/metisdao-metis-price-rallies-350-in-15-days-whats-ahead-in-2024/" rel="noopener noreferrer nofollow">MetisDAO( METIS) Price Rallies 350% In 15 Days, What’s Ahead in 2024?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

MetisDAO( METIS) Price Rallies 350% In 15 Days, What’s Ahead in 2024?

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