MetisDAO TVL surges by 99,800% as the layer-2 race heats up By Cointelegraph



Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors’ funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets, and protocols use these funds to build out their products and attract attention from larger investors.

One protocol that has been gaining traction in the total value locked (TVL) race is MetisDAO, a layer-two rollup platform designed to fully support the application and business migration from Web2 to Web3.

Top 10 TVL gainers over the past month. Source: CCK Ventures
METIS/USD 3-hour chart. Source: TradingView
Top three protocols on METIS by total value locked. Source: Defi Llama