CandleFocus Metis Records High Network Activity in Q4 2024, Here’s What Drove the Surge
2025-01-16
Author: Content Editor
A new report from Messari reveals that Metis, a layer 2 network, experienced significant growth in network activity and profitability in Q4 2024. The network saw a 229% increase in active addresses and a 123% increase in daily transactions during this period. Despite a 63% decrease in average transaction fees, Metis recorded a rise in revenue due to increased user activity. The surge in network activity was driven by gaming applications like DeFi Kingdoms, ScoreMilk, BUZZ, and Arena of Faith. The performance of Metis corresponded with a surge in the price of its native cryptocurrency, METIS. However, towards the end of December, Metis experienced a slump coinciding with a broader market correction.
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