Metis
The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About Metis
Analysis of 11 Dec 2025Metis is an Ethereum Layer 2 scaling solution distinguished first rollup to implement a fully decentralized sequencer network in production. Trading at $6.24 with a $47.9 million market cap and 7.9 million circulating supply December 2025, the protocol maintains $218 million Total Value Locked representing 22% quarter-over-quarter growth.
Full overviewShow less
Originally forked from Optimism in 2021, Metis evolved beyond conventional Optimistic Rollup architecture by deploying permissionless Tendermint consensus with Multi-Party Computation for enhanced security. The network delivers transaction costs of $0.01-$0.05 with 2-second block times and sustained throughput exceeding 100 TPS, with peak performance above 1,000 TPS.
The protocol recently pivoted toward AI infrastructure through its Hyperion network, targeting the AI-blockchain convergence market, while expanding real-world utility through AEON Pay integration enabling METIS acceptance at 20 million merchants across Southeast Asia.