Metis (METIS) Token Surges 50% Following Announced Grant, Attracting Investor Interest
METIS, the native cryptocurrency of the layer 2 network Metis, experienced a surge of up to 50% in the past 24 hours, driven by the buzz surrounding a recently revealed grant that is making rounds in the crypto community.
In mid-December, the MetisDAO Foundation, responsible for the development of the Metis network, announced the establishment of an Ecosystem Development Fund (EDF). This fund, consisting of over $360 million (4.6 million METIS), is designed to support and foster development, liquidity, activity, and adoption within the Metis ecosystem.
The launch of EDF reflects the foundation’s commitment to the growth and sustainability of the Metis network. The grant, widely discussed within crypto circles, is reportedly coming to MetisDAO for their decentralized sequencer launch in January and has captivated investors, leading to a surge in METIS value.
A 9-figure grant is coming to @MetisDAO for their decentralized sequencer launch in January.
Here's an overview of the $METIS ecosystem, and the projects positioned to capitalize:@tethysfinance $TETHYS – Perp. DEX & Fork of $GMX tokenomics (You can currently yield >330% APR by…
— Louis Cooper
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