An Ethereum layer-2 project has seen a significant surge in value after being listed on Binance, the world’s largest cryptocurrency exchange.
Binance Lists Metis (METIS)
On Monday, Binance announced the listing of Metis (METIS), an Ethereum scaling solution. The token responded positively, rising by over 39%.
Metis aims to provide faster and cheaper transactions than Ethereum by using optimistic roll-up technology.
Binance Warns of Volatility
Binance has labeled METIS with a “seed tag,” indicating its lower liquidity and potential for higher volatility. Users must pass quizzes every 90 days to trade tokens with seed tags.
Price Action
METIS reached a high of $147.87 on Monday but has since retraced slightly. It is currently trading at $137.28, still up 25% over the past 24 hours.
Disclaimer
This article does not constitute investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrency.
