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MetisDAO Takes Off: Is This Just the Beginning for METIS?

Published 12/29/2023, 12:59 AM
Updated 12/29/2023, 01:15 AM
MetisDAO Takes Off: Is This Just the Beginning for METIS?

  • MetisDAO’s Ecosystem Development Fund worth $360M fuels a surge in Metis network activity and project engagements.

  • METIS value skyrockets 426% in 30 days, signaling strong investor confidence and ecosystem growth.

  • Ecosystem tokens MAIA and HERMES soar, with liquidity pools offering up to 350% rewards, invigorating the Metis network.

The MetisDAO Foundation’s recent unveiling of an Ecosystem Development Fund (EDF) worth 4.6 million METIS, translating to over $360 million, marks a pivotal moment for the Metis network. This fund, dedicated to fostering development and adoption within the Metis ecosystem, has set the stage for a surge in user activity and project engagements.

Starting in the first quarter of 2024, these funds will enhance the network’s vitality following the release of the Metis decentralized sequencer.

Surging Token Values and Liquidity Pools

In the wake of this announcement, Metis (METIS), the native cryptocurrency of the layer 2 network, witnessed a rise in its value. This increase is part of a 30-day gain of 426%, with trade volumes hitting $76 million, up from $2 million at the start of December.

METIS/USD 24-hour price chart (sou…The post MetisDAO Takes Off: Is This Just the Beginning for METIS? appeared first on Coin Edition.

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