Coin98 Integrates Metis Layer 2 to Enhance Ethereum Compatibility in Super Wallet

Coin98 has integrated Metis, a Layer 2 blockchain platform, into its Super wallet. Metis utilizes the Rollups model on Ethereum, enhancing the wallet's capabilities. Coin98's comprehensive DeFi platform offers a range of products: Coin98 Wallet for asset management and dApp connectivity, Coin98 Exchange for multichain liquidity aggregation, and Space Gate for cross-chain transactions. The platform supports over 20 blockchains, including mobile and Chrome extension options. The C98 token serves as the platform's utility token, used for services fees, staking, governance, and membership rights.

Coin98 Super Wallet Embraces Metis Layer 2 for Enhanced Ethereum Compatibility

March 8, 2023 - Coin98, a leading provider of comprehensive decentralized finance (DeFi) solutions, has announced the integration of Metis, a cutting-edge Layer 2 blockchain platform, into its Super wallet. This integration marks a significant milestone towards bridging the gap between Ethereum's high transaction fees and scalability challenges and the burgeoning ecosystem of Layer 2 solutions.

The Coin98 Super wallet is an all-encompassing DeFi platform that aims to address the unmet needs of the industry and serve as a gateway for traditional finance (TradFi) users to access DeFi services across multiple blockchains. Through a comprehensive suite of products, including Coin98 Wallet, Coin98 Exchange, and Space Gate (cross-chain bridge), Coin98 empowers users with a seamless and secure experience in the crypto world.

The Coin98 Wallet, available on mobile (iOS & Android) and as a Chrome extension, allows users to securely store, send, receive, and manage their crypto assets. It supports over 20 blockchains, including Ethereum, Binance Smart Chain, Solana, Polygon, Avalanche, Terra, and more, providing users with a diverse range of investment options.

The Coin98 Exchange, a multichain liquidity aggregator, empowers users to swap, stake, lend, borrow, and earn crypto with the best rates and minimal slippage. It offers a comprehensive suite of DeFi services that cater to the needs of both seasoned investors and newcomers alike.

Space Gate, the cross-chain bridge, enables the seamless swapping and transfer of assets across multiple networks. It supports token swaps between ERC-20 tokens, BEP20 tokens, SPL tokens, and more, facilitating the movement of value between different blockchain ecosystems.

The C98 token serves as the native utility token of the Coin98 platform. It is essential for paying service fees, staking incentives, governance participation, and unique membership rights. Holders of C98 tokens enjoy a wide range of benefits, including access to exclusive features, rewards, and voting rights in the Coin98 community.

The integration of Metis into the Coin98 Super wallet is a testament to Coin98's commitment to innovation and its unwavering pursuit of a user-centric approach. Metis, a Layer 2 blockchain platform that leverages the Rollups model on Ethereum, offers significant advantages to users, including:

• Reduced transaction fees: Metis' Rollups technology significantly reduces transaction costs on Ethereum, making it more accessible and affordable for users to interact with the network.
• Increased transaction speed: Metis' Rollups process multiple transactions off-chain, significantly increasing transaction speeds while maintaining the security and immutability of the Ethereum blockchain.
• Enhanced scalability: Metis' Layer 2 architecture allows it to handle a high volume of transactions without compromising on performance, addressing Ethereum's scalability limitations.

By partnering with Metis, Coin98 empowers its users to experience the benefits of Layer 2 technology within the familiar interface of the Coin98 Super wallet. This integration enhances the user experience, reduces transaction costs, improves transaction speeds, and contributes to the growth and adoption of the DeFi ecosystem.

As a result of this integration, Coin98 users can now seamlessly interact with Metis-based decentralized applications (dApps), explore new DeFi opportunities, and enjoy the advantages of Layer 2 technology without leaving the familiar confines of the Coin98 Super wallet. This integration marks a significant step forward for Coin98 and demonstrates its commitment to providing users with the most advanced and comprehensive DeFi solutions.