Metis (METIS), the native cryptocurrency of layer 2 network Metis, surged as much as 50% in the past 24 hours before giving back some gains, as a previously announced grant made the rounds in crypto circles on X, galvanizing investor interest in the token and related projects. The price surge extended 30-day gains to over 240%, data tracked by Coingecko show, as trading volumes for the tokens jumped to over $50 million on Tuesday from just $2 million at the start of December. Metis is part of a cohort of layer-2 scaling protocols that allow users to transact on the Ethereum blockchain faster and for cheaper fees but with their own ecosystem projects and tools.
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