API ID:
metis-token
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Coin Overview
METIS
Token
10 Million
Ethereum Scaling
2021
Metis
Metis is a Layer-2 scaling solution (a blockchain that helps another blockchain) for Ethereum that makes transactions faster and cheaper. Using optimistic rollups, it bundles many transactions into one, lowering costs while keeping Ethereum’s security. The METIS token is used for fees, staking, and governance—making Ethereum apps more efficient and affordable for everyday users and businesses.
A Deeper Dive
Technology & Use Case
Ethereum faces high fees and slow speeds during heavy use. Metis solves this by acting as a Layer-2 built on optimistic rollups. Transactions are processed on Metis, then bundled and secured back on Ethereum—keeping Ethereum’s security while lowering costs. Its token, METIS, powers fees, staking, and governance, while also supporting decentralized businesses through DACs (Decentralized Autonomous Company).
Origins & Team
Metis was founded in 2019 and officially launched in 2021. One of its co-founders is Elena Sinelnikova, who also co-founded CryptoChicks, a nonprofit focused on blockchain education. The project grew out of a desire to improve Ethereum scalability and usability, especially for real-world business adoption of blockchain.
Ecosystem & Partnerships
Metis has built partnerships with DeFi projects, NFT platforms, and DAOs running on its Layer-2 network. The project’s DAC framework (Decentralized Autonomous Company) sets it apart, aiming to support decentralized businesses and startups. By lowering fees and improving speed, Metis is positioned as a strong alternative for developers looking beyond Ethereum’s main chain.
A Deeper Dive
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