Metis (METIS) — price, market cap and strength versus Bitcoin
Bottom line
Metis trades at $2.4 with a market capitalisation of $21.3M (rank 809). Over 90 days it is -14.2% against Bitcoin and sits below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.
Price
$2.40
as of 2026-07-31
Market cap
$21.3M
snapshot 2026-07-04
RS vs Bitcoin · 90d
-14%
as of 2026-07-31
30-day median volume
$2.1M
as of 2026-07-31
01 · the tape, against its benchmark
How has Metis moved against Bitcoin?
Metis is -84.2% over one year, -32.5% over 90 days and -12.8% over 30 days. Annualised 30-day volatility is 51%. Its deepest fall from a high inside the last 90 days is 41%. It trades below its 200-day average, which is falling.
METIS · rebasedBitcoinLayer 2 · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Metis's returns and risk look like?
7 days-9.4%
30 days-13%
90 days-33%
180 days-37%
1 year-84%
30-day volatility51% annualised
Deepest 90-day fall41%
200-day average$3.36 · below · falling
50-day average$2.81
03 · what the protocol actually earns
Does Metis generate fees or revenue?
Metis publishes 4 of the six network-economics series this site tracks: network fees, total value locked, active addresses, transactions. Network fees over the last four complete quarters is $61.7K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.
Network fees18/20 quarters
TTM$61.7K-76%
Total value locked19/20 quarters
Latest$2.8M-89%
Active addresses18/20 quarters
Latest389-96%
Transactions18/20 quarters
TTM8,069,644-61%
Network fees
Total value locked
Active addresses
Transactions
Complete calendar quarters only. A blank quarter is unavailable, not zero. Network activity is evidence about the protocol, not earnings owed to the token.
04 · exact additive research priority
What does the evidence say about Metis?
Metis scores 31.5 out of 100 inside Layer 2, ranked 31 of 33 rated coins on 84% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
Metis · METIS
31.5/100 · Illiquid · research only · 84% evidence · rank 31 of 33 rated Layer 2 coins
Exact sum: 9.3 + 7.0 + 8.3 + 6.9 = 31.5
Decision use: Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all — only a dated current snapshot — so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Metis compare with other Layer 2 coins?
Metis is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. Metis ranks 31 of those 33 on 84% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Layer 2 scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Layer 2 page.
Methodology · boundaries make the answer useful
What can make this page misleading?
This page names 5 ways its own evidence about Metis can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-07-31; market capitalisation is a separate snapshot dated 2026-07-04.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsThrough 2026-07-31, from exchange closes; moving averages are computed, never scraped.
Protocol activityThrough 2026-07-31, for the series this token publishes.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 7 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Metis (METIS)?
Metis is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from chain + protocol + chain TVL. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31.
What is the market cap of Metis?
Metis's market capitalisation is $21.3M, ranking it 809 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.
Is Metis beating Bitcoin?
Metis is -14.2% against Bitcoin over 90 days, and its own theme, Layer 2, is -11.4% over 13 weeks. It trades below its 200-day average as of 2026-07-31.
Does Metis have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Metis's research score?
31.5/100 within Layer 2, ranked 31 of 33 rated Layer 2 coins, on 84% evidence: 9.3 + 7.0 + 8.3 + 6.9 = 31.5. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.
How much Metis history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Metis actually publishes. Here that is network fees, total value locked, active addresses, transactions.
Does Metis generate network fees?
Metis's trailing twelve-month network fees is $61.7K, down 76% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.