Convert and Swap Metis METIS to United States Dollar USD
METIS/USD: 1 Metis equals $43.24 USD
Last update: 5:30 PM, December 22, 2024
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Metis is falling this week.
The current price of Metis is $43.24 per METIS. With a circulating supply of 6,151,334.342 METIS, it means that Metis has a total market cap of $267,078,783.37. The amount of Metis traded has fallen by $3,151,100.93 in the last 24 hours, which is a 23.88% decrease. Additionally, in the last day, $13,195,081.62 worth of METIS has been traded.
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About Metis
METIS is an Ethereum token and operates as the internal currency for staking and payments in the Metis crypto ecosystem. Users can pay for goods and services offered through Decentralized Autonomous Companies (DACs) built on the Metis protocol. METIS tokens also play a role in reducing spam and ensure trust between developers and users alike.
Metis is an Ethereum Layer-2 scaling solution that aims to address the blockchain trilemma, which posits that blockchains cannot simultaneously achieve decentralization, security, and scalability. Metis seeks to overcome Ethereum's primary challenges, including speed, cost, and scalability. It provides a platform for developers to create and manage decentralized applications (dApps), and supports those who wish to build and launch new dApps. Metis also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure, aiming to facilitate the transition from Web 2.0 to Web 3.0 for developers and businesses.
Metis operates by using Optimistic Rollups, which allow users to transact quickly and inexpensively on the Ethereum blockchain. This technology batches multiple transactions into a single transaction that is then processed on Ethereum. Metis' Layer 2 infrastructure leverages Ethereum's security and decentralization to make transactions more affordable and faster. Unlike traditional systems where transaction data is stored on layer-1, Metis stores most of its transaction data off-chain, with only the minimum viable data stored on its layer-1. This off-chain data is then placed in Memolabs storage by the Sequencer, making storage substantially cheaper compared to Layer 1 like Ethereum. Metis also offers a modular framework, enabling developers to build and customize their own dApps using Metis’ infrastructure.
Metis is designed to support a wide range of use cases, particularly in the realm of decentralized applications (dApps). It aims to assist developers in creating and managing existing dApps, as well as supporting those who wish to build and launch new dApps. Metis also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure, which can help developers and businesses transition from Web 2.0 to Web 3.0. Furthermore, Metis has launched a grants program called the DAOtribution Campaign, which aims to empower contributors and communities to initiate their DACs on KORIS.
Metis was founded in 2019 by Elena Sinelnikova, Kevin Liu, and Yuan Su, but the business didn't officially launch until November 17, 2021. Sinelnikova has a background in blockchain, cybersecurity, software development, and full-stack programming, and she established other crypto projects prior to founding Metis. Kevin Liu has experience in investment management and strategic development, while Yuan Su worked as a software engineer and manager at IBM until 2019, when he co-founded Metis. On March 2, 2023, Metis announced that it was building the first-ever Hybrid Rollup by combining optimistic rollup architecture with zero-knowledge proofs.
How Metis and United States Dollar differ
Metis and the US Dollar differ fundamentally in their nature, operation, and potential use cases. Metis, an Ethereum Layer-2 scaling solution, aims to address the blockchain trilemma of decentralization, security, and scalability. It provides a platform for developers to create and manage decentralized applications (dApps), and supports those who wish to build and launch new dApps. Metis operates using Optimistic Rollups, a technology that batches multiple transactions into a single one, making transactions faster and more affordable. On the other hand, the US Dollar is a traditional fiat currency, controlled by the Federal Reserve, and used for all kinds of transactions, from buying groceries to international trade. Unlike Metis, the US Dollar does not facilitate the creation of dApps or offer a transition from Web 2.0 to Web 3.0. Furthermore, while the US Dollar is subject to inflation and monetary policy decisions, Metis' value is influenced by factors such as demand for its use in dApps and the overall performance of the Ethereum network.
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METIS to United States Dollar conversion tables
The exchange rate of Metis is decreasing.
The current value of 1 METIS is $43.24 USD. In other words, to buy 5 Metis, it would cost you $216.20 USD. Inversely, $1.00 USD would allow you to trade for 0.0231 METIS while $50.00 USD would convert to 1.1563 METIS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 20.95%. Meanwhile, in the last 24 hours, the rate has changed by 2.88%, and that the the highest exchange rate of 1 METIS to United States Dollar was $45.08 USD and the lowest 24 hour value was 1 METIS for $42.55 USD. This time last month, the value of 1 METIS was $47.94 USD, which is a 9.97% increase from where it is now. Looking back a year, Metis has changed by $35.37 USD.
METIS to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$44.34 USD | -2.88% | $55.13 USD | -20.95% | $47.94 USD | -9.97% | $35.37 USD | 23.24% |
METIS to USD
Amount | Today at 5:30 pm |
|---|---|
0.5 METIS | $21.62 |
1 METIS | $43.24 |
5 METIS | $216.20 |
10 METIS | $432.40 |
50 METIS | $2,162.00 |
100 METIS | $4,324.00 |
500 METIS | $21,620.00 |
1,000 METIS | $43,240.00 |
USD to METIS
Amount | Today at 5:30 pm |
|---|---|
0.5 USD | 0.0116 METIS |
1 USD | 0.0231 METIS |
5 USD | 0.12 METIS |
10 USD | 0.23 METIS |
50 USD | 1.16 METIS |
100 USD | 2.31 METIS |
500 USD | 11.56 METIS |
1,000 USD | 23.13 METIS |
Today vs. 24 hours ago
Amount | Today at 5:30 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 METIS | $21.62 | $22.22 | -2.70% |
1 METIS | $43.24 | $44.44 | -2.70% |
5 METIS | $216.20 | $222.19 | -2.70% |
10 METIS | $432.40 | $444.38 | -2.70% |
50 METIS | $2,162.00 | $2,221.88 | -2.70% |
100 METIS | $4,324.00 | $4,443.76 | -2.70% |
500 METIS | $21,620.00 | $22,218.82 | -2.70% |
1,000 METIS | $43,240.00 | $44,437.63 | -2.70% |
Today vs. 1 month ago
Amount | Today at 5:30 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 METIS | $21.62 | $24.02 | -10.00% |
1 METIS | $43.24 | $48.05 | -10.00% |
5 METIS | $216.20 | $240.23 | -10.00% |
10 METIS | $432.40 | $480.46 | -10.00% |
50 METIS | $2,162.00 | $2,402.28 | -10.00% |
100 METIS | $4,324.00 | $4,804.56 | -10.00% |
500 METIS | $21,620.00 | $24,022.78 | -10.00% |
1,000 METIS | $43,240.00 | $48,045.56 | -10.00% |
Today vs. 1 year ago
Amount | Today at 5:30 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 METIS | $21.62 | $17.72 | +21.98% |
1 METIS | $43.24 | $35.45 | +21.98% |
5 METIS | $216.20 | $177.24 | +21.98% |
10 METIS | $432.40 | $354.48 | +21.98% |
50 METIS | $2,162.00 | $1,772.39 | +21.98% |
100 METIS | $4,324.00 | $3,544.79 | +21.98% |
500 METIS | $21,620.00 | $17,723.94 | +21.98% |
1,000 METIS | $43,240.00 | $35,447.88 | +21.98% |
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