Vitalik Buterin’s mother provoked a sharp rise in a little-known digital token

The coin of the Metis project (METIS), whose top manager is the mother of Ethereum co-founder Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin ETH $2,670.49 Bridged Ether (StarkGate) -0.95% Market capitalization $0.2 billion VOL. 24 hours $0.36 billion , Natalia Amelin, has grown by 25% overnight. At the time of writing, the asset is trading at $ 40. According to CoinMarketCap, its capitalization has reached $ 183 million. In a month, METIS grew by 130%, ranking eighth in the top of the largest coins of the second-tier networks.

The growth of the token is likely due to the recent announcement of a developer fund for 4.6 million METIS (approximately $ 184 million), which is scheduled to be distributed in the first quarter of 2024.

Metis is a permissionless L2 network that enables next-generation decentralized applications. The protocol is based on the Optimistic Rollups stack, which ensures fast and cost-effective transactions.

The project’s peculiarity lies in the data recording strategy. While traditional solutions store on-chain information, Metis uses off-chain storage using Sequencer’s Memo Labs platform.

The main goal of the protocol is to solve the problem of the «blockchain trilemma,» which states that a network cannot be decentralized, secure, and scalable at the same time.

Since the launch of Metis in 2021, users have completed more than 9.7 million transactions at an average gas price of $ 0.0131. The total amount of blocked assets in the network reached $ 306 million.

In addition to participating in the L2 project, Natalia Amelin is the founder of CryptoChicks, an educational non-profit organization dedicated to supporting women.