Tuesday, November 5, 2024

Metis Launches Decentralized Sequencer On Testnet Following Meteoric Development

Metis’s TVL is up 775% in 4 weeks, whereas its token gained 384% over the identical interval

Metis, an Ethereum Layer 2 community, launched a decentralized sequencer on testnet because the mission seeks to distinguish itself from rival tasks inside Ethereum’s rising L2 ecosystem.

Metis launched its decentralized sequencer on the Sepolia Ethereum testnet on Jan. 15, urging customers to assist stress-test the characteristic. Metis stated testnet members will likely be rewarded with Group Testing factors.

“Metis is dedicated to pioneering the event of the primary Ethereum Layer 2 rollup that includes a decentralized sequencer,” Metis stated. “We encourage our neighborhood members to check and discover various DApps actively on the Sepolia Testnet.”

Metis stated that a number of DeFi dApps are presently reside on its Sepolia deployment to stress-test the sequencer. Stated dApps embrace decentralized exchanges supporting stablecoin, perpetuals, and token swaps within the type of Hummus Trade, Tethys Finance, and Netswap, along with the League Tech socialfi platform and Midas Video games predictions market.