jakiro
Author: Climber, Bitchain Vision Realm
On January 5, OKX market showed that Metis rose to $ 99 and may enter the 100 yuan currency club at any time.Metis Andromeda TVL also surpassed Base again to become the third largest Layer 2 after December 28.
At the same time, the upgrade time of Goerli testing the online Cancun was determined on January 17th, which undoubtedly benefited more to the L2 track.However, the competition has also intensified. In the top ten battle in L2, the battle began fiercely. Except for the top 2 Arbitrum and Optimism, the TVL gap between 3-10 tvls was not large.
Metis Andromeda can lead the star player Base twice, and the currency price has increased by 800%in less than three months. The growth rate of these two data alone is far beyond the same class.At this stage, the network runs out of the gesture of a dark horse, but the second half of the game has just begun.
Ran Ran’s rising star
Compared to the L2 network such as Arbitrum, Optimism, Base, etc., Metis andromeda’s popularity is much smaller, even not as good as ZKSYNC, Starknet, Linea, etc., and project token.The project token Metis has not yet on Binance.
But in recent times, Metis Andromeda seems to be hanging, and various data have skyrocketed.When OKX also saw this situation, it was also hot, and announced that it was launched on December 28 last year to launch Metis/USDT permanent contract and leverage transactions.
On January 5th, according to the OKX market data, Metis prices rose to a maximum of $ 99, which was only one step away from $ 100.
It can be seen from the historical chart of its currency price that since mid -October, Metis has risen all the way from nearly $ 11, and has increased by 800%in less than three months.Compared with other L2 online native currencies, there is almost no close to it.
The trend of Metis Andromeda TVL is equally fierce. Not only does it exceed the base twice in a row, but it has entered a nearly 90 ° rising mode since December 18.
According to L2Beat data, the current Metis Andromeda TVL is about $ 750 million, which is almost in the same horizontal interval as Base and Manta Pacific.
It can be seen from its TVL trend chart that Metis Andromeda’s TVL has risen rapidly from nearly $ 100 million on December 18.The maximum increase to $ 773 million, which was as high as 650%in just half a month.
So where is Metis Andromeda sacred?Why can you have such an increase in explosion in a short period of time?
It can be seen from the introduction of Metis Andromeda’s official website that this is a platform of Ethereum Layer-2 Optimistic Rollup.It was originally derived from the bifurcation of Optimism to combine the scalability of the Optimistic Rollups with the security of Zkrollups.At the same time, it provides support for multiple interconnected chains, mainly focusing on supporting the easily creation of DACs (decentralized autonomous companies).
The network launched the main network on November 19, 2021. It can be said that this is a Layer 2 project born in the previous cycle.
The key data of its original currency Metis is as follows:
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Circulation: 4.57 million (45%)
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Maximum supply: 1 million
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Market value: $ 478 million
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FDV: $ 947 million
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Target lock value: $ 106 million
In addition, the project tokens are: the maximum supply is 10,000,000 token.The first batch of Metis tokens was cast in 2021, which was used in 2021, which was used for “cold start, team, consultant and investor distribution, and ecosystem/community development.”
The remaining 50.7% Metis tokens will be allocated to: 4.86% for community welfare (including mining), 10% for early Rangers mining, 3% for community development, 32.84% for transactions and related mining.
Behind flying: Internal and external factors are combined with force
Metis Andromeda and its native currency Metis can grow rapidly in a short period of time. In addition to the warmth of the encryption market, it is inseparable from the project party’s own efforts and the optimism of external capital.
First of all, the encryption industry’s macro narrative Cankun upgrade time determines the entire L2 track. On January 5th, the developer of the Geth team @lightClients posted that the 178th Ethereum Core Developer Executive Meeting (ACDE) re -confirmed the Goerli test onlineThe upgrade time of Cancan is January 17, and will be upgraded as the SEPOLIA test network and the HOLESky test network upgrade date on January 30 and February 7.
As for the soaring currency Metis, there are opinions that there is a dealer behind it or the existence of a city merchant behind it.
On January 1st, data analysts on the chain@AI_9684xtPa monitoring. In the past six days, of the 11 addresses of the Metis Drazter/ as a city merchant, there have been 6 addresses to recharge 174,011 Metis to the trading platform, worth $ 14.33 million, with an average of $ 14.33 million, with an average of $ 14.33 million.The transfer price is 82 US dollars; this is the first time that the establishment of the warehouse for 11 months.There are currently five addresses holding a total of 134,000 tokens.
On December 26 last year, the analyst monitored that there were 11 addresses from Coinbase that day to 25,734 Metis, and the price of Metis rose from $ 58 to $ 80, all of which continued to buy with these addresses.Closely related.
In addition, this part of the address holds a total of 301,000 Metis tokens, accounting for 6.6%of the total circulating token.
The same operation has been staged the same day before, and at this time, it has been suspected of being a dealer/as a city merchant address.And refer to the trading behavior on the chain of these addresses in the past, it can be found that its characteristics are: tokens are transferred from coinbase; the total number of transfer is around 20,000-30000;Metis’s two -wave currency price peak.
Another evidence is the participation of the well -known city merchant DWF Labs. On December 20, according to Spot On Chain monitoring, DWF Labs deposited 37,001 Metis to Gate.io at the average price of $ 26.2, and Metis soared in the past two days.43%.
Although it has not yet been proven to indicate that the rise of Metis is the behind -the -scenes manipulation behavior of the dealer, the Metis Andromeda project party did do things in 2023 and develop the project ecology.
On December 18 last year, the Ethereum expansion solution Metisdao Development Organization MetisDao Foundation announced the establishment of a Metis Ecosystem Development Fund (Metis Ecosystem Development Fund).
The fund will allocate 4.6 million Metis tokens to support multiple activities including sorter mining, traceability assistance, and new project deployment.
Before the distribution of the Metis EDF fund, Metis also had an important measure, that is, it is expected to be officially launched on its decentralized sorter in the first quarter of 2024.
At that time, Metis will become OP Rollup of the Sequencer (Sequencer), which will have a view that this measure will further improve the efficiency and transparency of its network and bring new development opportunities to the Metis ecosystem.
The sorter Sequencer is a key component of the second layer of network. It is responsible for packing and transferring the user’s transaction to the owner Ethereum blockchain. The decentralized sorter will disperse power, reduce the possibility of review and manipulation of transactions, while increasingThe stability and reliability of the network, this mechanism not only improves the efficiency of transactions, is also an important part of ensuring network security.
In addition, in October last year, Metis passed the “switching data availability back to Ethereum” proposal, and all Metis trading data was stored on the main network of Ethereum; in September, Metis announced that it plans to migrate from the OFF-Chain storage layer provided by Memo Labs to its original original.Optimistic Rollup formats and Metis Journey, a Metis Journey of $ 5 million worth of DEFI incentives.
However, the most important event of the month was that Metis announced that it was planned to be the first Layer 2 network to decentralize its sorter. By starting a pioneering sorter pool to eliminate the single -point failure risk brought by a single sorter.
In March last year, Metisdao announced that Metis was developing a hybrid Rollup based on Optimistic Rollup (OPR) and zero -knowledge proof (ZKP).This allows external capital to see the enthusiasm and potential of its technological innovation.
In addition to the above -mentioned booster factors, there is also a lace news that investors are considered potential factor for Metis growth.
That is, Natalia Ameline, a team member behind the project, is the mother of Vitalik Buterin, co -founder of Ethereum Vitalik Buter.
However, since the establishment of Metis in 2018, there are not many financing.In 2021, only 1 million US dollars of angels and seed round financing, and $ 3 million in Series A financing.
Conclusion
From the above analysis, it can be seen that the mixed Rollup, sorters, 100 million US dollars funds, as a city merchant, and V god have become the keywords of the project. At present, the rise in TVL and currency prices is obviously the gorgeous coat that has just been put on.Quite eye -catching.
Although there is not much difference between the TVL of other star L2 players at this stage and has the potential of dark horses, there are no small gaps in financing amount, project depth, back -behind institutions and project operation testing, and the above measures are only planned in the initial stage.Therefore, investors should also take care of Metis Andromeda and wait patiently for the actual progress of the network.
