Total Value Locked on Metis GrowsJan 11, 2022
Total Value Locked on the Metis Andromeda network more than doubled yesterday after Netswap launched its liquidity mining program. Netswap is the first AMM DEX in the Metis ecosystem, and now stakers of LP tokens can earn $NETT rewards.
Metis is an EVM compatible optimistic rollup, forked from Optimism’s Virtual Machine with a few tweaks. One key differentiator of Metis against Arbitrum and Optimism is that they have IPFS integrated and aim to deploy a system to shorten transaction finality from the typical 7 days down to just a few hours. Transaction fees can be expected to fall from a few dollars to cents once Metis launches their storage layer estimated by the end of Q1.