Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Metis' trading volume surged by 640%, and the ecosystem revenue increased comprehensively

Metis' trading volume surged by 640%, and the ecosystem revenue increased comprehensively

依始2024/10/17 06:59
By:依始
Metis is an Ethereum Layer-2 Optimistic rollup platform, originally originated from a branch of Optimism. It was launched on the mainnet on November 19, 2021.
 
On October 16th, METIS officially announced that in the past 5 days, the trading volume of the Metis platform has significantly increased by 640%, exceeding 7 times. This surge in activity has brought many benefits to participants in the entire ecosystem. @TheHerculesDEX's trading volume has reached a historic high, and users assigned to the Dividends plugin by xTORCH will see a sharp increase in commission income rewards. At the same time, as the trading volume increases, the transaction fee income of decentralized serializers is also increasing, and miners will receive more rewards.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

VIPBitget VIP Weekly Research Insights

The unique value of Proof-of-Work (PoW) tokens lies in their mining mechanism and regulatory positioning. Research shows that mining costs are a defining feature of PoW tokens, involving significant investment in hardware and electricity. When market prices approach miners' breakeven points, miners tend to hold onto their coins in anticipation of future appreciation. This behavior reduces circulating supply, shifts the supply-demand balance, and may contribute to price increases. Regulatory clarity is also critical to the investment appeal of PoW tokens. Both BTC and LTC are classified as commodities by the U.S. SEC rather than securities, which simplifies the ETF approval process. In January 2024, the approval of the BTC spot ETF triggered significant institutional inflows. LTC is currently undergoing the ETF application process. While DOGE and KAS have not yet received formal classification, their PoW nature may position them for similar treatment. Together, these factors enhance market liquidity and attract more institutional investors.

Bitget VIP2025/04/11 06:10
Bitget VIP Weekly Research Insights