Hercules’ Colossal Growth Signals Metis’ Fastest Growing Success Story
Over the past couple of months, Metis has made astounding leaps in the layer 2 space with innovative achievements in both decentralization and in being the first L2 protocol to launch a decentralized sequencer. Adding to this, we are happy to announce that Hercules has also grown to achieve a few exciting milestones as it serves as the primary liquidity layer of the entire Metis ecosystem!
Despite being live for only a few months, this is what we’ve accomplished:
+$400,000 Earned In Protocol Fees
Since our initial launch, we’ve been continuously optimizing every facet of the Hercules platform to provide the best DEX experience on Metis. So far, we’ve had tons of users choose Hercules as their primary DEX and we’re super excited to announce that Hercules has earned over $400,000 in protocol fees since launching. What’s more exciting about this milestone is that a portion of the fees generated are paid out to users in the form of Dividends via the dividends plugin!
Leading On Chain Total Value Locked (TVL)
Another accomplishment we’ve been ecstatic about is how Hercules was able to reach and maintain the top spot in TVL among the other native chain applications. This has even been the case in situations of downward market volatility. This has reinforced our belief that we’ve built one of the most innovative and enticing protocols yet on Metis L2.
Hercules maintains the highest TVL of native chain Metis dApps as seen on DeFillama.
Highest DEX Liquidity on Metis
How do we know we’ve built the best DEX/liquidity layer on Metis? It’s the amount of liquidity users have contributed to our platform! Back in May, Hercules attracted a whopping $14.7 million in liquidity and logged over $12.3 million in trade volume in a single day! To date, Hercules has been able to maintain its position as the top destination for LP!
Hercules Liquidity levels maintain over $10 million despite uncertain market conditions.
Conclusion
The journey of a thousand miles begins with a single step. While we believe Hercules’ journey to be the ultimate Metis DeFi protocol has just begun, we are proud to deliver a DeFi experience that users have been able to trust since day one.
Stay tuned to see the many exciting developments we have planned for Hercules as Metis’ champion DEX!
About Hercules
With a composable, efficient liquidity protocol featuring seamless swaps, staking, real yield, and a launchpad, Hercules aims to become the native liquidity layer for the Metis Andromeda network. Its flexible features are tailored to protocol-owned liquidity, allowing dynamic fees and customizable incentives packaged in a user-friendly interface.
