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Cryptocurrencies/Coins/MetisDAO (METIS)
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MetisDAO(METIS)

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$60.6765
(2.42%)
0.00090938 BTC
Market Cap (Rank#189)
$345,026,698
5,171 BTC
Vol 24h
$4,050,397
60.7045 BTC
Circulating Supply
5,686,334.34
Max Supply
10,000,000
59 days agonulltx
Ethereum Layer 2 Solution $METIS Faces Steep Decline Amid Market Volatility
The Ethereum layer 2 scaling solution platform $METIS has experienced a further decline of 7% today, adding to its losses of 40% over the past 7 days. The platform’s performance reflects the ongoing volatility in the cryptocurrency market. Recent on-chain reports indicate that a suspected $METIS market maker address has […]
148 days agocryptopotato
Nuvo Unveils Nuscription: Revolutionizing Blockchain Trading
[PRESS RELEASE – Toronto, Canada, January 19th, 2024] In the dynamic world of blockchain technology, Nuvo has indelibly marked its presence with the successful launch of Nuscription, a pioneering Ethscription platform within the Metis ecosystem. Since its introduction, Nuscription has not just met but surpassed expectations, establishing itself as a pivotal force in blockchain innovation. […]
166 days agonulltx
MetisDAO’s Ecosystem Sees Strong Momentum and TVL Surge In 2023, Price Reacts
MetisDAO has experienced a substantial surge in its ecosystem, marked by strategic moves, particularly the introduction of a $360 million incentive program. The Ecosystem Development Fund (EDF), recently disclosed by the MetisDAO Foundation, amounting to 4.6 million METIS (which is equivalent to over $360 million), stands out as a pivotal […]
172 days agocoindesk
Metis Surges 50% as Ecosystem Projects Eye $360M in Grant Rewards
Some liquidity pools built on the Metis network are offering as much as 200% in annualized fee rewards to users.
180 days agocoindesk
Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears
The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis' decentralized sequencer will go live.
257 days agocryptodaily
FTX Auditor In Hot Water As SEC Initiates Legal Action
The SEC has alleged that Prager Metis, an accounting firm hired by bankrupt crypto exchange FTX in 2021, did not exhibit the necessary independence when providing services to clients.
257 days agocoindesk
FTX's Former Auditor Prager Metis Sued by SEC
The regulator alleged in a court filing that the firm had entered into contracts with clients that violated auditor independence rules.
259 days agocointelegraph
SEC initiates legal action against FTX's auditor
The SEC alleges that Prager Metis, an accounting firm engaged by bankrupt crypto exchange FTX in 2021, committed hundreds of violations related to auditor independence.
338 days agocoindesk
Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum 'Universal Settlement Layer'
With funding from the foundation that oversees development of the Metis layer-2 Ethereum protocol, ZKM is developing a hybrid approach that combines Optmistic and Zero-Knowledge rollups into one.
348 days agocryptodaily
Poly Network Urges Users To Withdraw Funds After Another Exploit
The Poly Network has fallen victim to another exploit after hackers manipulated a smart contract function on the cross-chain bridge protocol. Poly Network confirmed the hack, adding that it would be temporarily suspending all services. 57 Crypto Assets Impacted The attack on Poly Network occurred on the 2nd of July, resulting in the hacker being able to issue billions of tokens seemingly out of thin air to generate a profit. Poly Network confirmed the attack through its official Twitter handle, stating that it had become the latest DeFi entity to fall victim to a hack, adding that it was temporarily suspending services. The update also stated that the exploit had impacted 57 crypto assets based on ten blockchains, including BNB Chain, Ethereum, Avalanche, Polygon, OKx, Heco, and others. While it isn’t clear how much has been stolen in the attack, PeckShield has reported that the attacker had transferred at least $5 million worth of crypto from the cross-chain bridge. In an update issued on the 3rd of July, the Poly Network team stated, “We have already initiated communication with centralized exchanges and law enforcement agencies and sought their assistance.” The team further advised token holders to withdraw liquidity and unlock their liquidity provider tokens. Poly Network Hack Breakdown According to DeFi security analyst @0xArhat, the exploit stemmed from a smart contract vulnerability that allowed the hackers to create a malicious parameter that contained a fake validator signature and block header. The smart contract accepted this malicious parameter, allowing the hacker to bypass the verification process and issue tokens from Poly Network’s Ethereum pool to their address on other chains such as BNB Chain, Polygon, and Metis. The same procedure was repeated for other chains, resulting in a massive pile-up of tokens. According to @0xArhat, the hacker’s wallet held over $42 billion worth of tokens at one point. However, the hacker could only convert and steal a fraction of the tokens. The attackers had minted 24 billion Binance USD (BUSD) and BNB on the Metis blockchain, 999 trillion Shiba Inu (SHIB) on the Heco blockchain, and millions of other tokens on other prominent networks such as Polygon and Avalanche. “This way, the hacker was able to mint billions of tokens on various blockchains that did not exist before and transfer them to their own wallet addresses.” Dedaub has dubbed the latest hack to hit Poly Network as the “34 billion Poly Network hack.” He also highlighted several weaknesses in the protocol’s multi-sig, adding that it only had a simple 3 of 4 multi-signature arrangement for over two years. “Getting to the bottom of the “34 billion” Poly network hack with a technical postmortem. TL;DR Poly network had a simple 3 of 4 multisig arrangement over 2 years! Looking at the final event, we found that the private keys to the addresses marked were compromised.” According to the blockchain security solutions provider, the attack was not complex, as no logic bugs were exploited. Poly Network itself was slow to respond, eventually costing the platform $5.5 million in stolen crypto. However, a lack of liquidity in a majority of the tokens in question prevented further significant losses. Binance, Polygon Reassure Users Following the attack on the Poly Network, Binance CEO Changpeng Zhao stated that the exploit does not impact Binance users, adding that it did not support deposits from the Poly Network. Polygon’s Mudit Gupta stated on Twitter, “Poly Network got rekt again, allegedly because of compromised hot keys. It’s going to keep happening until our industry changes our approach to security. Smart contract audits only scratch the surface. Ps Poly network has NOTHING to do with Polygon.” Poly Network’s Previous Hack This was the second time a major hack hit the Poly Network. In August 2021, the protocol was hit by attackers who managed to drain a then-record $600 million through the alleged leak of a private key that was used to sign a cross-chain message. As a result, the Poly Network lost $264 million in ETH, $250 million in BSC, and $85 million in MATIC. However, Poly Network later updated that the hacker had returned the stolen funds, with the hacker claiming the attack was orchestrated for fun, and even offered the anonymous hacker a job as the Chief Security Advisor to the protocol, adding that it won’t be pressing any charges. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
404 days agocointelegraph
Aave V3 launches on Ethereum layer-2 network Metis
Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.
404 days agocoindesk
Aave DAO Passes Proposal to Deploy on Ethereum Layer 2 Metis Network
The move could bolster market liquidity for the burgeoning Metis ecosystem, community members say.

About MetisDAO?

The live price of MetisDAO (METIS) today is 60.6765 USD, and with the current circulating supply of MetisDAO at 5,686,334.34 METIS, its market capitalization stands at 345,026,698 USD. In the last 24 hours METIS price has moved 1.9748 USD or 0.03% while 4,626,416 USD worth of METIS has been traded on various exchanges. The current valuation of METIS puts it at #189 in cryptocurrency rankings based on market capitalization.

Learn more about the MetisDAO blockchain network and how it works or follow the price of its native cryptocurrency METIS and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

MetisDAO (METIS) is a revolutionary cryptocurrency project that aims to redefine the landscape of decentralized finance (DeFi). Built on the Ethereum network, MetisDAO leverages Layer 2 technology to provide a scalable, secure, and efficient platform for building and managing decentralized autonomous organizations (DAOs).

Technology & Mechanism

Consensus Mechanism

MetisDAO employs the Ethereum network's Proof-of-Stake (PoS) consensus mechanism, which offers high security and energy efficiency.

Blockchain Technology

MetisDAO operates on the Ethereum blockchain, utilizing its Layer 2 technology to enhance scalability and reduce transaction costs.

Key Features

Scalability

MetisDAO's Layer 2 technology significantly improves the scalability of the Ethereum network, allowing for faster and more cost-effective transactions.

Security

MetisDAO ensures high security through the Ethereum network's robust PoS consensus mechanism.

Privacy

MetisDAO respects user privacy, with transactions on the platform being pseudonymous.

Decentralization

MetisDAO is a fully decentralized platform, empowering users to create and manage DAOs without the need for intermediaries.

Development Team & Governance

The MetisDAO project is spearheaded by a team of experienced blockchain developers and entrepreneurs. The platform operates on a decentralized governance model, with METIS token holders having voting rights on key decisions.

Use Cases & Potential Impact

MetisDAO has the potential to disrupt various industries by enabling the creation of decentralized organizations that are scalable, secure, and efficient. It can be used in sectors such as finance, supply chain, and social networking.

Purchase & Storage

How to Buy

MetisDAO (METIS) tokens can be purchased on several major cryptocurrency exchanges, including Binance and Uniswap.

Wallets & Storage

METIS tokens can be securely stored in any wallet that supports ERC-20 tokens, such as MetaMask and Trust Wallet.

Partnerships & Collaborations

MetisDAO has partnered with several prominent blockchain projects and organizations to further its mission of decentralizing the world.

Roadmap

MetisDAO has a comprehensive roadmap that includes plans for further development of its platform, partnerships, and community growth.

Risks & Challenges

Like any cryptocurrency project, MetisDAO faces potential risks and challenges, including regulatory uncertainties and technological hurdles. However, the team is committed to overcoming these challenges and delivering on its vision.

Community & Regulatory Compliance

Community

MetisDAO has a vibrant and growing community of supporters and developers who believe in the project's mission and potential.

Regulatory Compliance

MetisDAO is committed to complying with all relevant regulations and laws in the jurisdictions it operates in.

In conclusion, MetisDAO is a promising project that leverages the power of blockchain technology to decentralize the world. With its innovative features and strong community support, MetisDAO is poised to make a significant impact in the world of DeFi.

MetisDAO Price60.6765 USD
Market Rank#189
Market Cap345,026,698 USD
24h Volume4,050,397 USD
Circulating Supply5,686,334.34 METIS
Max Supply10,000,000 METIS
Yesterday's Market Cap348,014,368 USD
Yesterday's Open / Close59.2271 USD / 61.2019 USD
Yesterday's High / Low61.5946 USD / 59.0275 USD
Yesterday's Change
0.03% ( 1.9748 USD )
Yesterday's Volume4,626,416 USD
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