METIS(Metis)24-hour increase of 25.67%

Gate News Bot Update, November 7th: According to CoinMarketCap, at the time of publication, METIS(Metis) is trading at $10.06, up 25.67% over the past 24 hours. The price reached a high of $10.60 and a low of $7.36 during this period, with a 24-hour trading volume of $55.8 million. The current market capitalization is approximately $67.3 million, an increase of $1.38 million from yesterday.

Metis is an Ethereum Layer 2 Rollup platform dedicated to providing developers with more efficient and low-cost blockchain infrastructure. Through community ecosystem governance(CEG), users are empowered with governance rights over the ecosystem. Additionally, the Community Validation Project(CVP) supports the development of ecosystem projects. Metis has also launched the Hyperion testnet, aimed at providing decentralized infrastructure for AI applications.

Recent key news about METIS:

1️⃣ GMPayer, a multi-currency payment hub, launches on the Metis network On November 3rd, GMPayer, a multi-currency payment hub based on the x402 protocol, officially launched, with Metis serving as the low-cost settlement layer. GMPayer aims to enable instant, trustless multi-chain, multi-currency settlements, facilitating on-chain value transfer for AI, data, and services. This move is expected to enhance the practicality and appeal of the Metis network.

2️⃣ Expansion of the AI economic ecosystem The launch of GMPayer marks the first deployment of the x402 protocol in the AI economy sector, advancing AI Agents toward autonomous trading and decentralized machine economies. As a supporting platform, Metis is expected to benefit from this development, attracting more AI-related projects and users.

3️⃣ Dual-chain issuance of BANG tokens GMPayer also introduced the concept verification token BANG, issued on the Metis Andromeda network. Currently, BANG is only used for concept validation and has no practical utility, but this innovative approach may attract investor attention to the Metis ecosystem.

Recent price increases for Metis may be related to its new developments in AI and cross-chain payments. However, market participants should be cautious, as new project launches can cause short-term volatility, and long-term impacts remain to be seen.

This information is not investment advice. Please be aware of market risks when investing.