The world has witnessed a massive changeover in the past few years. The advancements in technology are impeccable and huge entities as well as users have adopted modern technology. Moreover, the blockchain technology implemented in the industry has experienced significant growth in two years.
The integrated blockchain technology has assisted with the phenomenal rise in NFTs and DeFi platforms. This development has a significant impact on Ethereum’s potential resulting in high gas fees, slow transactions, and limited scalability. SIgnificantly, MetisDAO works as a solution for this issue.
MetisDAO is a layer 2 Ethereum rollup platform that works as a solution for DApps, DAOs, and NFTs. Metis bills itself as it solves Ethereum’s biggest challenges. The platform provides speed transactions, low gas fees, high security, scalability, and storage. Consequently, Metis aims to build Web 3.0 for blockchain developers to create applications efficiently.
Current Market Status
At the time of writing, the trading price of METIS is $47.74 with a trading volume of $7,417,541 in the last 24-hours. According to Coinmarketcap, METIS has surged nearly 150% within a week and holds 490th rank.
The chart depicts the bullish pattern over the past week. The price of METIS has surged from $19.82 to $62.52 within 7 days, but now METIS has dropped to $47.74. The current circulating supply of METIS coins is 1,260,400. Moreover, METIS is available in top exchanges like Gate.io, Uniswap (V3), AOFEX, Jubi, and Uniswap (V2).
New Partnership With SwapAll
MetisDAO has announced its strategic partnership with SwapAll on September 7. Additionally, SwapAll is a decentralized platform that aims to provide all blockchain users with an all-in-one cross-chain service.
Considering the recent updates, the partnership with SwapAll might be the reason for the METIS price surge. This partnership will assist SwapAll to grow in the list of DeFi partners. However, this past week would be a sweet spot for METIS users. Users also expect a resurgence in price value in the upcoming days.