#A.small.digital.currency jumps by 50% in hours after an important announcement... and price fluctuations in the market.

_#Metis , the Metis network's native cryptocurrency, rose as much as 50% over the past 24 hours before giving up some gains as it announced a $330 million incentive program on Investor interest in the token and related projects. The price surge has increased its 30-day gains to more than 240%, according to data tracked by #Coingecko , as token trading volumes jumped to more than $50 million on Tuesday from just $2 million at the beginning of December.

_Metis is part of a set of protocols that allow users to transact on the Ethereum blockchain faster and for cheaper fees but with their own ecosystem projects and tools. Earlier this month, #MetisDAO , which Metis development, from the Ecosystem Development Fund (EDF) worth $4.6 million. The amount is worth more than $360 million as of Tuesday at current prices. Disbursement on the projects is expected to begin in the first quarter of 2024 after the release of the decentralized serializer ( Metis.

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