According to CoinMarketCap, MetisDAO is up over 50%, ranking second on the day’s top gainer report with a 7.8% surge.

Available as an Ethereum Layer-2 scaling solution, MetisDAO (METIS) was designed to address the blockchain trilemma by attempting to reconcile decentralization, security, and scalability. The project’s creators were then said to be tackling Ethereum’s speed, cost, and scalability challenges.

According to Jan. 15 charts, the MetisDAO token is trading at $123.92, showcasing a 7.8% increase in the last 24 hours with a trading volume during the same period of $71.3 million.

The token has hit 51% gains in the last seven days as part of a 94.3% surge in the last month.

News around the asset’s sustained growth in the last seven days stems from a recent partnership announcement with Bitget Wallet, indicating Metis’ integration into their custom network, and increased Ethereum interest following spot Bitcoin ETF approval a few days earlier.

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Author: Sarah Jansen

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