Metis Network's TVL increased by 560% in the past 7 days, with a gap of less than $1 million compared to Base Network's TVL.

According to L2BEAT data, Metis Andromeda network's TVL reached $695 million on December 27th, possibly influenced by the rise in cryptocurrency prices. This represents a 560% increase in just 7 days, ranking it third in TVL among Ethereum Layer 2 networks with a difference of less than $1 million compared to the third-ranked Base network's TVL of $696 million. Additionally, according to OKX market data at the time of writing, the price of METIS had just surpassed $93, currently trading at $93.2 with a daily increase of 24.7% and a 7-day increase of 243%. The projected increase for the full year of 2023 is currently at 491%.