One Ethereum ()ETHThe layer-2 project has soared after Binance listed it, the largest cryptocurrency trading platform in terms of volume.
Binance announced Metis, a scaling solution for ETH (on Monday), will receive support from the spot market.METISThe token increased by double-digits.
Binance:
“Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.”
METIS aims at offering lower transaction fees and quicker times than Ethereum, the most popular smart contract platform. MetisLab Foundation’s project launched in 2021 uses the optimistic roll-up technique to record transaction data while executing transactions outside Ethereum’s Blockchain. Roll-ups that use optimistic assumptions automatically accept transactions as valid.
The exchange is listing METIS tokens with a seed tag. This allows it to list projects which are less liquid and may have higher volatility than other tokens. Users who want to use Binance must be registered. own Assets with seed tags will be required to take quizzes at least every 90-days to make sure that the purchaser is aware of all the risks involved before they can trade the tokens.
METIS surged on Monday to a new high of $147.27, a rise of more than 39% from its low price of $106.18. METIS has retraced its gains since then and trades for $137.28 as of the time of this writing. This is still a 25% gain in just 24 hours.
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Source: dailyhodl.com