Metis

Another chain "with history" is new to growthepie! 🎉 

We are happy to finally feature Metis in our analytics menu as the 18th Layer 2 on our platform! 🤩 

Metis is one of oldest Layer 2. Which creates interesting analysis opportunities.

Let's look into it. 🧵 👇

Let's look at the general knowledge that we have about Metis on the Single Chain page.

Metis 
➡️ is building on OP Stack
➡️ is an Optimium 

Now let's get into the Fundamental Metrics that we have on Metis. 🔍

Let's scale Ethereum! Layer 2 fundamentals and blockspace analytics. We are public goods funded. https://growthepie.xyz

Let's start with Activity 🤸🏻

On the daily basis, Metis has 1.8K Active Addresses.

Generally, it seems that from the beginning of this year Metis has been gaining more user.

The peak of Monthly Active Addresses on Metis was on April 2024 with 150k Active Addresses.

In April 2024 Metis launched Phase 2 upgrade of its Decentralized Sequencer, which now allows users to participate in block production through LST Platforms by locking their METIS tokens.

In the past 30 days Metis had 470k Transactions. 🔁

The peak of Metis' Monthly Transaction Count was on January 2024 when Metis was running their decentralized sequencer's community testing season 1.

During that time, Metis hit its peak Throughput at 7.3 Mgas/s!

However now it hovers around 0.04 Mgas/s hand in hand with Polygon zkEVM.

Now let's jump into Value Locked.

Metis is holding a rather stable amount of Stablecoins in its Market Cap, right now at $33 million, just in between Linea and Polygon zkEVM.

Total Value locked is at an interesting $440 million!

If you are interested in TVL breakdown, we recommend checking @l2beat. They have a great breakdown there.

Now let's get into Economics and Convenience Metrics.

Metis is relatively expensive to use comparing to other Optimiums, seeing it from our Fees Page!

Hovering around 10 cents median Transaction Costs using 
@MemoLabsOrg's MEMO DA.

Metis generated a total monthly revenue of $94k in the past month.

Finally,  you can view and compare all these metrics in one Single Chain page dedicated to Metis.

Tip: Make sure you look into Metric correlations with Fully Diluted Valuation and Market Cap changes. 👍

Have fun analyzing, share your opinions, and give this thread a like. 😘

Have fun analyzing, share your opinions, and give this thread a like. 😘

https://www.growthepie.xyz/chains/metis