Monday, May 16

MetisDAO Total Value Locked (TVL) Soars 99,800% In Layer 2 Race By Cointelegraph


©Reuters. MetisDAO Total Value Locked (TVL) soars 99,800% in Layer 2 race

Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly struggle to attract investor funds by offering tempting returns to crypto holders willing to risk and lock up their assets, and protocols use these funds to develop their products and attract the attention of larger investors.

One protocol that has been gaining traction in the total value locked (TVL) race is MetisDAO (METIS), a layer two platform designed to fully support the migration of applications and businesses from Web2 to Web3.

TVL’s top 10 gainers in the last month. Source: CCK Ventures Along with the growth of the TVL on its protocol, the METIS token has also received a boost with data from Cointelegraph Markets Pro and CoinGecko showing that the price of METIS rose from a low of $49.83 on Dec. 14 to a new all-time high of $323.54 on Jan 16.

Read the full article on Cointelegraph

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