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| Metis Token 
| #METIS
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| METIS Price: | $28.12 | | Volume: | $3.6 M | | All Time High: | $327 | | Market Cap: | $0.1 B |
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| Circulating Supply: | 4,451,583 |
| Exchanges: | 19
| | Total Supply: | 5,410,000 |
| Markets: | 41
| | Max Supply: | — |
| Pairs: | 18
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The price of #METIS today is $28.12 USD.
The lowest METIS price for this period was $0, the highest was $28.12, and the current live price for one METIS coin is $28.12120.
The all-time high METIS coin price was $327.
Use our custom price calculator to see the hypothetical price of METIS with market cap of ETH or other crypto coins. |
The code for Metis Token is #METIS.
Metis Token is 1.8 years old. |
The current market capitalization for Metis Token is $125,183,877.
Metis Token is ranked #204 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #METIS.
Today's 24-hour trading volume across all exchanges for Metis Token is $3,590,368. |
The circulating supply of METIS is 4,451,583 coins, which is 82% of the total coin supply.
A highlight of Metis Token is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market. |
Tech Update — February 2023
Tech Update — February 2023 - Tech Updates for Metis Andromeda during 2023 Hey hey, Metisians👋🌿 We hope you’ve had a great start for your 2023. ICYMI, and are trying to get up to date with what our developers have been up to: January Tech Update Now. let’s shed some light on our February progress of L2 development. Today we won’t keep you here for long! — What was completed? - The settlement of plans regarding transaction batching mechanism of the Bedrock update;, — L2 Geth updates. — Our team: Optimized the restrictions of the batched RPC requests to prevent L2 Geth from processing the CPU and memory resources from being overconsumed;, Added the length function for log.memory attribute in the tracer logger;, — Here is what we aiming for short-term: - Changing the sequencer batch method of the Bedrock upgrade;, Changing the L2 epoch timing of the Bedrock upgrade;, Resolving the problems related to L1 block reorganizations;, — Long term plans - The long term plans of our development team haven’t changed and won’t change in the near future. These plans are: Decentralizing the sequencer, Adding the switching mechanism and contracts., That’s been it for now, stay tuned for the March Tech Update⚡️
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Introducing Hybrid Rollups
TL;DR: Metis is building the first-ever Hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proofs. Build in Metis’ EVM-Equivalent layer 2, and become part of the journey towards the first Hybrid Rollup. Today, we’re excited to share that Metis is building the first-ever Hybrid Rollup, combining the transcendent scalability of Optimistic Rollups with the security and fast finality of Zero-Knowledge Rollups. By combining these 2 architectures, Metis will provide a secure, developer-friendly Layer 2 for Ethereum developers to deploy all types of decentralized applications. We remain committed to our vision of building a Web3 Economy, and we consider this upcoming implementation a key step toward our goal. Metis will make the development of this new architecture one of its top priorities, and will open-source the technology, as we believe collaboration is an essential part of Ethereum’s and web3’s ethos. — Hybrid What? - Hybrid Rollups. Metis is combining Optimistic Rollup architecture with Zero-Knowledge architecture for a number of reasons: EVM Compatibility: By conserving the Optimistic Rollup architecture, Metis can offer Ethereum developers an easy-to-code-in blockchain., Faster transaction finality: By implementing zero-knowledge proof to our optimistic rollup architecture, transaction finality time will be reduced from 7 days to approximately 4 hours., Enhanced Security: Validit... 
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zkMIPS and Other Research Challenges for Layer 2
Metis is a strong player as a Layer 2 (L2) solution provider based on Ethereum. The MetisDAO Foundation already offers a platform for many types of businesses to embed blockchain services into their products. For 2023, Metis plans to improve its services as an L2 platform to reduce transaction confirmation and finalization times through the release of a novel Hybrid Rollup service. To this end, we describe the state of the art in the L2 space and present, from a zero-knowledge (ZK) engineering point of view, various technical challenges ranging from suggested optimizations for dramatic performance improvements to theoretical ideas for new cryptographic protocols. In particular, we present zkMIPS, an approach to using the MIPS instruction set as the programming language for ZK rollups in an architecture that can take advantage of both ZK and Optimistic rollups. — 1. Introduction - It is well-known that Ethereum has a scalability issue (the blockchain trilemma), which turns out to be a major bottleneck when the network needs to process thousands of transactions per second, e.g. Decentralized Finance (DeFi). One possible solution is to delegate complex computations to an off-chain solution, called Layer 2 (L2). Amongst many possible ways to implement an L2 solution, Metis adopted the rollup paradigm: it processes a batch of transactions at a time and later posts the process results to layer 1 (L1), where a smart contract ...
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Granary Finance Joins Metis Marathon
The Granary just kicked off its wBTC incentive campaign in Andromeda, by the side of MetisDAO Foundation. “Synergy — the bonus that is achieved when things work together harmoniously.” Synergies are being achieved between Andromeda and Granary Finance, as the former looked for a trusted lending platform capable of enabling great Decentralized Finance composability, and the latter looked for a robust Ethereum Layer 2 with a growing dApp ecosystem. Granary Finance, also known as “The Granary”, is a decentralized, user-driven, multi-chain borrowing and lending liquidity market, recently deployed in Andromeda. The Granary will be the newest addition to the Metis Marathon. MetisDAO Foundation will be working together with the lending protocol to foster and build ample wBTC liquidity in Andromeda, as we keep building strong DeFi Foundations for the Web3 Economy. TVL in Andromeda doubled since January 1st, potentially because of deployments like Stargate, integrations like Banxa, and the implementation of new technologies like BLS Wallets. As the ecosystem keeps growing and the picture of the Web3 Economy becomes clear, lending and borrowing platforms will be key DeFi components for sustained and healthy growth. The Granary has already participated in and passed Andromeda initiatives like the Community Ecosystem Governance (CEG), growing their Metis community and leading to a sharp increase in TVL for January. Now, it...
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Tech Update — January 2023
Tech Update — January 2023 - Hey, Metisians! We are excited to share our progress on our Layer 2 solution, directly from the developers team, and some of the latest news on the tech side of Metis! TLDR: Preparation for the upcoming Bedrock upgrade, Andromeda explorer quality of life improvements, Sequencer crash fixes, latest Blockscout compatibility, and more! Let’s start from our general focus — Bedrock. The integration of Optimism’s Bedrock upgrade will bring numerous benefits to the user and builder experience. These include (but are not limited to): Reduced transaction fees, Optimized L2 to L1 deposits and withdrawals, Faster peer-to-peer network synchronization., — Here is what we did: - Developed the upgrade script for our network migration towards Bedrock, Developed the test cases such as deposit, withdrawal, ERC-20 and ERC-721 bridges, Imported Metis L2 contract to the Bedrock L2 node, which makes existing dapp’s authorisation compatible with Metis network, Upgraded Metis L2 database to Bedrock version, Prepared Metis Goerli testnet for Bedrock upgrade, Now, in the latest patch we’ve made several changes to Metis network addressing the performance and stability: Added a fail tracer, which solves the problem of RPC tracer api failure, Fixed the configs for verfier node, MainnetChainID and AndromedaMainnetSDUpdateForkNum, Fixed some sequencer crash cases., The Andromeda explorer...
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Contribution and Reputation-based Governance Structure
Governance - Metis is a Decentralized Autonomous Company (DAC)-centric platform to power the web3 economy. The Metis Stack is reputation based, highly customizable, and dynamic. Governance is a critical component for collaboration and decision-making in a decentralized environment. We believe that contributors should govern the ecosystem based on the level of their contributions following the principle of responsibility for their decisions and accountability for the outcomes of such decisions. — The issues of current token-based governance - DAOs, decentralized autonomous organizations, have held a significant, grounded position in the web3 space for years. They are specifically characterized as autonomous and transparent entities governed entirely by the community. In this type of organizational structure, all functions present in the entity can be employed without the use of intermediaries or centralized authority. However, there are some governance-related challenges that we recognize and plan to address: One person — one vote whale voting — one person has a disproportionate influence on the vote based on the number of tokens in possession, early adopters influence — due to lack of funding during the establishment of the organization, early adopters can be given substantial stakes through tokens, which gives them the same voting power advantage that whales have, vote sales — the ability to ...
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Metis Launches its DAOtribution Grants Campaign on KORIS!
MetisDAO Foundation is pleased to announce its DAOtribution Campaign, a grants program aimed at empowering contributors and communities to kickoff their DACs on KORIS! Starting February 6th, 2023, MetisDAO Foundation will open weekly Kohorts for qualified applicants to submit grant proposals and receive funding through the Metis token. The campaign is aimed at supporting the community growth of KORIS, the first software built specifically for Decentralized Autonomous Companies (DACs). KORIS supports the evolution of the DAO and serves as the business layer to the Metis Web3 economy. Groups are encouraged to learn more about the DAOtribution Campaign and apply for a grant to kickstart their DAC on KORIS. The grant proposals must be aimed at supporting an existing DAO. For more information, please see below and visit the DAOTribution Page. — Grants through Governance! - Through the use of governance, the MetisDAO Foundation aims to support the decentralized community growth of DACs within its ecosystem. In order to receive a grant, proposals must be voted on within MetisDAC’s governance on the KORIS platform. What does the application and governance process look like? To successfully apply for the grant, applicants must meet minimum eligibility criteria *Please see below for the eligibility criteria., Qualified applicants will have their proposal posted to the MetisDAC governance hosted on the KORIS platform., Communi...
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January in Metis Andromeda
December was a month in which Metis Andromeda surpassed all prior expectations: Layer Zero was integrated, Onto Wallet was integrated, Aave’s Temp. Check Vote was passed, the proposal for a Stargate deployment passed, and we’ve got multiple fascinating projects going through CEG. Nevertheless, January had just as big of plans for Andromeda. — Let’s go over some of January’s most notable moments in Metis: - MetisDAO Foundation 2023 Strategy Reveal, MetisDAO Foundation revealed their 2023 Strategy, in which they plan to build the foundations for a truly decentralized and prosperous web3 through the implementation of: A Multi-layer Solution Stack for a Web3 Economy., EcoNodes, EcoNodes will be the center of MetisDAO Foundation’s proposed governance structure, defining the lines to pave the way towards a Multi-Layer Stack for the Web3 Economy. These implementations, combined with the veMETIS initiative, will make this vision feasible and bring it to life. 2. BGD Labs Technical Evaluation for a potential Aave Deployment BGD Labs conducted a Technical Evaluation on Metis as part of the new process for Aave integrations. The results were very positive, Metis scored: 6 categories as Optimal Level, 5 categories as Good Level, and only 2 categories as Acceptable. That’s right! Metis Andromeda did not get a “needs improvement” score for any categories, which would mean Aave protocol wouldn’t work properly. ...
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DACs as a Public Good
Public Goods Roads, highways, libraries, sidewalks, streetlamps, public education, parks– these are all defined as public goods in today’s society. What do all of these have in common? For one, these are all commodities or services that are available to the entire community and can be applied to the local, national and global levels. The exact terminology is a “public good,” which in economics, is defined as both: Non-excludable, Non-rivalrous, For a good to be non-excludable, it needs to be available to everyone. For a good to be non-rivalrous, its supply cannot be affected by people’s consumption. In other words, a public good must be fairly allocated, have equitable access and have an “unlimited” supply. Everyone has access to and can benefit from these goods. Another critical aspect is that we are all considered the owners of these “public goods.” Though they are regulated (commonly by the government in the listed examples), there isn’t one single entity that benefits from it more than others or decides its allocation. — Web2’s “Good”. — In the digital world, the closest we have to a public good is the Internet. Even then, there are various caveats that deviate the Internet from being a true public good. The Internet can be described as a massive web of interconnected users, information providers, communication facilities, and markets. In this network, the Internet protocol itself...
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Metis Reveals KORIS, The First Operating System for DACs
After a long-await for DACs on Metis, we are pleased to announce the reveal of KORIS, the realization of the Decentralized Autonomous Company (DAC). KORIS is the only end-to-end operational system for DACs, an evolution of the DAO tailored to meet the unique needs of businesses by using smart contracts for company operations, incubated by the MetisDAO Foundation. As the decentralized workforce continues to mature, new models are shifting how decentralized companies operate and manage communities, such as the shift from the DAO to the Decentralized Autonomous Company (DAC). While the treasuries of the global decentralized industry surged to $16 billion, there has yet to be an efficient way for decentralized companies to manage the day-to-day operations of the workforce. The DAC evolves the shortcomings of a DAO to create a more useful infrastructure for decentralized entities, which Metis considers the shift to the company model. Incubated by MetisDAO Foundation, KORIS is the first and only platform created to meet the unique needs of decentralized companies that now represent a workforce of close to two million. “KORIS provides critical technology that opens the door for the future of business and organizations to innovate using the benefits of smart contracts,” said Pavel Sinelnikov, KORIS Co-Founder and CEO. “We are focused on capitalizing this platform to encourage and foster the onboarding of next-generation busines...
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 | API3 to deliver first-party oracles to the Metis L2 rollup ecosystem
API3, a first-party oracle solution that makes real-world data accessible by smart contracts, has announced its latest partnership and integration with Metis, a layer-2 protocol for decentralized apps.
Now, API3 will be making the API3 Alliance’sWeb3 API Catalog, the largest selection of data providers in Web 3.0, available for dApp devs to use on Metis. Moreover, API3 will be deploying Beacons to Metis, which will provide transparent, scalable price reference data feeds to the Metis ecosystem.
Metis currently has $800M TVL in its growing ecosystem, with a variety of DeFi dApps on their layer-2 network that can forthwith utilize API3’s first-party oracle infrastructure.
The Metis ecosystem is also being supported by a range of initiatives to bring L1 applications to their L2 environment along with supporting early-stage projects to help its platform grow.
“Emphasis of Metis on providing easy access to decentralized governance for projects is highly relevant for API3, as a DAO governed project. We’re very excited to be able to provide them with a variety of DAO-governed external data products to help meet the needs of their ecosystem.”
- Dave Connor, Business Development Lead, API3
The post API3 to deliver first-party oracles to the Metis L2 rollup ecosystem appeared first on CryptoNinjas.
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