What is MetisDAO (METIS) crypto? Know price and performance

Highlights:

• The price of METIS token surged 930% in one-year.
• It reached its all-time high of US$323 in January 2022.
• The token's circulating supply is 2.86 million.

Several cryptocurrencies have come into existence as investors have shown great interest in the sector in recent years. Currently, there are over 17,931 cryptos and more than 455 exchanges globally, according to coinmarketcap.com.

Digital currencies drew massive attention in 2021, with several significant cryptos reaching their all-time highs. Meanwhile, despite several uncertainties in the overall financial market and the escalating geopolitical tension of Russia-Ukraine, the crypto market rebounded this week.

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At the time of drafting, the two leading cryptos, Bitcoin (BTC) and Ethereum (ETH) rose 1.34% to US$44,103.55 and 2.35% to US$2,993.53, respectively.

One such crypto that has gained traction in the market is MetisDAO (METIS), evident by the recent rally in its price and the return it has provided in recent quarters.

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What is MetisDAO (METIS) crypto?

MetisDAO, based on Optimistic Rollup spirit, is a Decentralized Autonomous Organization (DAO) that focuses on producing an uncomplicated, highly expandable, and whole functioning Layer 2 framework called Metis Rollup.

It aims to support migrating applications and businesses from Web 2 to Web 3.

The platform's expandable protocol supports many use cases like non-fungible token (NFT) platforms, decentralized social platforms, crowdfunding, yield farming, trading in decentralized exchange, etc.

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In addition to that, it also offers its support for various communities like open-source developers, influencers, gaming, freelancers, etc.

Metis intends to integrate the Decentralized Autonomous Company (DAC) framework with its Layer 2 infrastructure to aid the developers or other related communities in quickly building their apps and communities.

In addition to that, MetisDAO also aims to facilitate the developments, collaboration, and other perks of the DeFi ecosystem for the developers and community leaders without the drawbacks and costs required in the Ethereum protocol.

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In other words, Metis targets to simplify making DApps and DACs on its platform so much that even the beginners in the blockchain can also build it without complications.

METIS is the native token of the platform that is available on several exchanges.

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                                        Source: *Data provided by CoinMarketCap.com

Bottom line:

The METIS token was priced at 152.17 at 4:33 am ET on March 2, up 9.67%. It has a market capitalization of US$436.69 million, and its fully diluted market cap is US$1.52 billion.

The token's one-day volume plunged 8.04% to US$53.43 million. Its price surged 930% in one year.

METIS reached its all-time high of US$323 on January 16, 2022. Its circulating supply is 2.86 million.

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