• The price of MetisDAO (METIS) has increased by nearly 150 percent in a week

  • In the last few years, the world has undergone a massive transformation. Technology advancements are flawless, and both large entities and users have embraced modern technology. Furthermore, the blockchain technology used in the industry has grown significantly in the last two years.

    The integration of blockchain technology has aided the meteoric rise of NFTs and DeFi platforms. This development has a significant impact on the potential of Ethereum, resulting in high gas fees, slow transactions, and limited scalability. Significantly, MetisDAO functions as a solution to this problem.

    MetisDAO is an Ethereum layer 2 rollup platform that serves as a solution for DApps, DAOs, and NFTs. Metis bills itself as solving Ethereum’s most difficult problems. The platform offers fast transactions, low gas fees, and high security, scalability, and storage. As a result, Metis intends to create Web 3.0 for blockchain developers to efficiently create applications.

    Current Market Situation

    At the time of writing, the trading price of METIS is $47.74, with a 24-hour trading volume of $7,417,541. According to Coinmarketcap, METIS has increased by nearly 150 percent in a week and now ranks 490th.

    The chart depicts the bullish pattern that has been in place for the past week. Within 7 days, the price of METIS rose from $19.82 to $62.52, but it has since dropped to $47.74. There are currently 1,260,400 METIS coins in circulation. Furthermore, METIS is available on popular exchanges such as Gate.io, Uniswap (V3), AOFEX, Jubi, and Uniswap (V2).

    SwapAll has formed a new partnership.

    On September 7, MetisDAO announced a strategic partnership with SwapAll. SwapAll is also a decentralized platform that aims to provide an all-in-one cross-chain service to all blockchain users.

    Given the recent updates, the partnership with SwapAll could be the cause of the METIS price increase. This collaboration will help SwapAll expand its list of DeFi partners. However, the last week has been ideal for METIS users. Users anticipate a price resurgence in the coming days.

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