Explore Metis Ecosystem: List of Potential Projects

php editor Baicao brings you an introduction to the Metis ecological project. The Metis ecological project is an open ecosystem with great potential, aiming to provide scalable and highly flexible blockchain solutions for enterprises and developers. The Metis ecological project has multiple important components, including Metis chain, MetisDAO, Metis Bridge, etc. Metis Chain is a high-performance blockchain network that supports custom side chains and smart contracts. MetisDAO is a decentralized autonomous organization dedicated to promoting the development and governance of the Metis ecosystem. Metis Bridge is a bridge connecting the Metis chain and other blockchain networks to achieve interoperability of cross-chain assets. The combination of these projects makes the Metis ecosystem highly scalable and innovative, providing more possibilities for the development and application of blockchain applications.

What are the Metis ecological projects?

The current Metis ecological projects worthy of attention include Hermes, NetSwap, Hummus, meme, VMUM and Barsik. The following is a detailed introduction:

1, Hermes

Hermes is a forked version of Solidly on Metis. As a DEX built on Metis, it is positioned as a highly capital-efficient AMM. Its goal is to provide users with a low-cost, near-zero slippage trading experience. The V2 version of Hermes has undergone major upgrades, including the addition of full-chain expansion, unified liquidity, decentralized liquidity management and the new Gauge system. These upgrades will further enhance Hermes’ transaction efficiency and user experience.

2. NetSwap

NetSwap is the first DEX in the Metis ecosystem. It provides swap trading functions and integrates the basic functions of other DEXs on the market. In addition, NetSwap also provides functions such as liquidity mining, staking and Launchpad. Users can conduct safe and efficient transactions on the Metis network through NetSwap and participate in various ecological activities to gain more benefits and opportunities.

3. Hummus

The Hummus protocol is a unilateral AMM based on Metis that allows users to exchange stablecoins at a very low cost. Its native token is HUM. Users can stake stablecoins to obtain HUM, and then use the staked HUM rewards to increase the income from staking stablecoins.

4, Meme

The meme craze pioneered by public chains such as Solana and Avalanche has become a model of the current market popularity. The background of the Metis project has brought originality to the meme currency projects on these chains. meme gene.

5. VMUM

VMUM is a meme coin named "Vitalik Mother", which was deployed on December 19.

6. Barsik

The founder’s pet earned a lot of attention in the meme craze, and Barsik is Vitalik’s mother’s pet cat.

What is Metis ecology?

Metis is an Ethereum layer 2 scaling solution based on Optimistic Rollup technology. The project was co-founded in 2018 by Elena Sinelnikova, Kevin Liu and YuanSu and aims to provide Layer 2 expansion and common infrastructure. Metis has completed multiple rounds of funding, including $1 million in angel and seed rounds, and $3 million in Series A funding.

Metis founder Elena Sinelnikova is one of the founders of the blockchain non-profit organization CryptoChicks. CryptoChicks is committed to providing blockchain education opportunities for women. The success of Metis is also seen as a project for Vitalik Buterin's motherland.

The success of the Metis ecosystem demonstrates the potential of Layer 2 technology, and Metis’ ecological support fund further promotes its development. The MetisDAO Foundation announced the establishment of a fund of approximately US$100 million to support sequencer mining, traceability funds, and the deployment of new projects. The establishment of the fund provides strong support for the further development of Metis.

Metis’ innovation at the technical level has attracted much attention. With the recovery of the entire crypto market and the meme craze on various public chains, Metis' ecosystem is expected to continue to attract more attention and participation. Investors and developers are full of expectations for this project with great potential. However, it should be noted that investment still involves risks, and investors are advised to consider carefully.

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