December 4, 2024 (Toronto, ON) – Ethereum Layer-2 scaling solution Metis announced that OKX, a leading cryptocurrency exchange, has joined as its newest decentralized sequencer node provider. This marks a significant milestone in Metis’ efforts to strengthen decentralization and network security, with OKX becoming the fourth independent provider and the tenth overall sequencer node.

As part of the collaboration, OKX staked 20,000 METIS tokens—valued at approximately $494,000 based on current market prices—through its OKX Earn product. This brings the total METIS tokens locked in the network to 493,125.92, enhancing the platform’s economic security while reducing circulating supply.

The inclusion of OKX underscores growing institutional confidence in Metis’ decentralized infrastructure and its revenue-sharing model. Tom Ngo, Executive Lead of Metis, commented on the partnership:

“The addition of OKX as a sequencer node operator is transformative for Metis. Their global reach, technical expertise, and significant commitment to our ecosystem signal strong institutional confidence in our decentralized future.”

This move also highlights how Web3 organizations can contribute to the operational stability of Layer-2 networks while benefiting from token rewards.

Metis’ decentralized sequencer model allows users and institutions to secure the network by staking tokens, participating in transaction sequencing, and earning rewards. Launched as the first-ever decentralized sequencer for Ethereum Layer 2, this system has played a pivotal role in Metis’ efforts to align community incentives with operational security.

Metis’ Co-Founder, Elena Sinelnikova, described the broader implications of this model:

“Decentralization is at the core of our vision. Each partnership, like the one with OKX, brings us closer to creating a truly community-driven and secure network infrastructure.”

About the Participants:
– Metis Network: Specializing in Ethereum Layer-2 scaling, Metis aims to achieve full decentralization while maintaining security and scalability.

Its unique approach integrates community governance and shared network ownership to foster ecosystem alignment. – OKX: Established as a cryptocurrency exchange, OKX has since expanded into a global Web3 player with offerings including wallets, blockchain explorers, and institutional services. Known for its robust security and technical infrastructure, OKX brings substantial expertise to its partnership with Metis.

Notably, the collaboration exemplifies how decentralized networks can evolve by leveraging institutional participation. Additional details about the decentralized sequencer model and its benefits can be found at [sequencer.metis.io](http://sequencer.metis.io).

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