🔷 Metis (METIS) – Ethereum Layer 2 “DAO Superhub”: DACs, Sequencer Decentralization (lowcap L2)
(Data updated until 07/2025 and is just basic information about the project to help easily evaluate the fundamentals – Not investment advice)
1/ 🌍 Overview & positioning
- @Metis L2 (Andromeda) is a hybrid L2 Optimistic Rollup on Ethereum, notable for DeFi + DAO Combo through the DACs (Decentralized Autonomous Companies) model.
- Q1‑2024 recorded TVL of 100 million USD (+37% QoQ), with Aave accounting for 56 million of that—an increase for the DeFi ecosystem on Metis.
- As of early 2025, TVL continues to accumulate around $100M bridged, attracting over 36 notable L2 projects.
2/ 🔹 Notable milestones 06/2024–07/2025
- Q2/2024: USD TVL decreases to 70.7 million USD, but METIS TVL increases by 54% thanks to Liquid Staking Blitz (ENKI, Artemis) bringing LST TVL to ~13.3 million USD.
- Sequencer Decentralization (2024): Metis launches the first Sequencer Pool protocol, decentralizing the ordering of transactions.
- Testnet & tech overview: collaboration with Chainlink CCIP, EigenLayer DA, API3 oracle, integration with Harmony and… attracting dApps through a 400 million USD incentive fund.
3/ 💰 Revenue & operational fees
- According to Artemis/DefiLlama, Metis chain achieves ~$193/day in fees and $1,092/day in revenue from apps ($327k/quarter in fees + revenue).
- Development fee model according to DeFi-DA hybrid, with DAO & sequencer sharing fees; specific quarterly revenue has not been announced yet, but there is a fee-driven foundation from the DACs & L2 protocol.
4/ 💸 Tokenomics
$METIS has a market cap of about $95–100M with the current price around ~$15.0 (CMC, Gate, Coingecko). ATH at ~$323.5 (January 2022), ATL at $3.45. The decrease from ATH to ATL is ~94×, while the current price has decreased by about –95% compared to ATH, and is still ~4.3× ATL.
5/ ⚙️ Technology & Dev
- DAC Infrastructure: supporting DAO organizations in the form of decentralized companies, supporting in-depth tokenomics.
- Sequencer Pool: opening the sequencer network, decentralization + revenue-sharing, initially implementing security incentive dynamics.
- Tech Stack: rollup hybrid + EigenLayer DA, Chainlink CCIP, API3 oracles, supporting cross-chain & DACs flexibly.
- Active dev activity, stable & audited (Hacken, SlowMist…).
6/ 🛣️ Roadmap & future directions
- 2025: Full-on DAC infrastructure launch, strong decentralization for sequencer, expanding LST and liquid staking.
- Increase incentives: activating the final incentive rounds from the 400M fund; prioritizing DAO apps, DeFi, gaming, AI integration.
- Increase adoption: support the community to build DACs, access tradfi liquidity, develop chain-agnostic tech.
7/ ✅ & ⚠️ Opportunities – Challenges
✅ Strong DAO + DeFi + L2 combo, supporting sequencer decentralization & revenue sharing.
✅ Strong tech foundation, with integrated Chainlink CCIP and EigenDA.
✅ Large incentive (400M) helps attract dApps.
⚠️ Low market cap (~100M) compared to leading L2s—somewhat limiting tree optimization.
⚠️ Token price has dropped significantly (~95% from ATH), which can create psychological pressure.
⚠️ Strong competition from Arbitrum, Optimism, zkSync…
8/ 🧾 Conclusion
Metis has a unique position in the Ethereum L2 ecosystem with a combination of DAO + DeFi + sequencer decentralization, plus support from EigenLayer and Chainlink. The market cap is still modest (~$100M) but a well-structured technology & organization could create a bounce if DAC adoption increases significantly. The token has dropped significantly, indicating a great potential for recovery when the ecosystem bounces.
Source: Messari, CoinMarketCap, DefiLlama, Blogtienao,… Please bookmark, save, like, and share if you find this article helpful, thank you.
#Metis #Layer2 #DAC #Sequencer #Ethereum #MetisL2 #DeFi #DAO #Tokenomics #L2Ecosystem