Introduction to METIS Token and Its Core Positioning
METIS is the native token of the Metis network, which is an Ethereum Layer 2 scaling solution based on Optimistic Rollups technology. Its core goal is to address the scalability, transaction speed, and high cost issues faced by the Ethereum mainnet, while maintaining decentralization and security. The Metis network is compatible with the Ethereum Virtual Machine (EVM), supporting the deployment and operation of decentralized applications (DApps) and Decentralized Autonomous Companies (DACs).
METIS Token Issuance Price and Time
The initial public offering (IEO and IDO) of the METIS token took place in May 2021, with an initial price of $5. Prior to this, the Metis project determined different token prices through multiple funding rounds:
- Angel Round Funding Price: $1
- Seed Round Funding Price: $1.5 (Q1 2021, raised approximately $1 million)
- Community Sale Price: $4 (May 10, 2021)
- IEO/IDO Issuance Price: $5 (May 2021)
Specific IDO activities were conducted on May 13, 2021, on platforms such as Paid Network and Gate.io. The Metis project itself was co-founded by Elena Sinelnikova, Kevin Liu, and Yuan Su in 2019 and officially launched operations in 2021. Its mainnet, Andromeda, went live in November 2021.
Metis's Technology and Ecosystem Development
Metis utilizes Optimistic Rollups technology to increase throughput by processing transactions off-chain and submitting batches of transactions to the Ethereum mainnet. This method significantly reduces transaction fees and speeds up processing. The MetisLab Foundation is responsible for supporting Metis's technological development, and Vitalik Buterin's mother, Natalia Ameline, also serves as a technical researcher for the foundation.
The Metis ecosystem continues to evolve. For example, in January 2024, Daniele Sesta, a well-known DeFi developer, launched the WAGMI project on Metis and received a $2 million grant aimed at enhancing the composability and liquidity of the Metis ecosystem. Additionally, the globally renowned cryptocurrency exchange platform Binance listed METIS on March 11, 2024, further boosting its market liquidity and visibility.
METIS Token Market Performance and Data
As of August 22, 2026, the market data for the METIS token is as follows:
- Maximum Supply: 10,000,000 METIS
- Total Supply: 10,000,000 METIS
- Circulating Supply: Approximately 7,729,947 METIS (approximately 77% of the maximum supply)
- Market Cap: Approximately $20.65 million to $21.07 million (data sources include Coinbase, CoinGecko, CoinCarp, etc., subject to market fluctuations)
- 24-hour Trading Volume: Approximately $1.18 million to $2.26 million (data sources include Coinbase, CoinGecko, CoinCarp, etc., subject to market fluctuations)
In terms of historical prices, METIS reached an all-time high of approximately $323.54 in January 2022, while its all-time low touched $2.25.
METIS Token Trading Channels
METIS tokens can be traded on multiple mainstream cryptocurrency exchange platforms. As of the time of writing, platforms supporting METIS trading include:
- Binance
- OKX
- HTX
- Bitget
- MEXC
- Phemex
- XT.COM
- Pionex
- BloFin
- OrangeX
- Hibt
- Toobit
- Bitunix
- BVOX
- Bitvavo
Investors are advised to verify the compliance and security of the platform and understand the associated risks before conducting any transactions.
