MTL is the token of Metal DAO and is issued on Ethereum. It is a specific asset identifier and should not be regarded as the same asset as METAL, Metal Dollar (XMD), or XMT on XPR Network merely because their names are similar. When checking a balance, making a deposit, or transferring on-chain, confirm the token symbol, the network, and the asset supported by the recipient at the same time; similar symbols do not prove that the asset or transfer network is the same.

Metal Price in USD Today, Live Market & Historical Trend Chart

Q: What are MTL's supply and initial allocation?

MTL has a hard-cap supply of 66,588,888 tokens. A hard cap describes the maximum number that may exist under the token's design; it is not equivalent to the amount freely tradable at any given time or to its market price. The Metal DAO Whitepaper records that the 2016 initial allocation covered a rewards pool, initial circulation, operations, employees and advisors, and the foundation, and states that distribution was completed. This indicates that the supply formation method described in the material was an initial distribution; however, this information alone cannot be used to infer the current circulating supply.

Q: How does holding MTL affect use of Metal Pay?

In the Metal Pay service, an in-app MTL balance can correspond to fee reductions for buying and selling digital assets. Its role here is a transaction-fee discount under service rules, rather than the automatic waiver of network fees for all on-chain transactions simply by holding the token. Whether a discount applies to a particular transaction and the size of that discount depend on the Metal Pay service rules and applicable transaction at the time. This arrangement should not be understood as a fixed return or a general governance right.

Q: Why should you check MTL's symbol and network before transferring it?

Checking the symbol and network when transferring helps confirm that the asset being sent is MTL and that the receiving side supports that asset on Ethereum. If a similarly named but different asset, or an asset on an incompatible network, is sent to an address, the recipient may be unable to recognize or credit it. This check is especially important because Metal Pay's introduction lists MTL, METAL, XMD, and XMT together; they are not the same in asset identity or network.

Rank 661

$0.2480

-$0.0067(-2.66%)

Market Cap

$23.70M

24h High

$0.2580

24h Low

$0.2480

24h Turnover

$1.35K

Total Supply

90.63M

Market Sentiment

Neutral

Price of Metal (MTL) Today in USD

View Metal (MTL) Price Prediction

The live price of Metal (MTL) today is $0.2480, with a 24h change of -2.66%. Over the same period, the low was $0.2480, the high was $0.2580, and the 24h trading volume was $1.35K. The current market cap is approximately $23.70M. It ranks #661 by market cap and accounts for 0.00% of the total crypto market cap. The all-time high was $17.0300 (⁦2018-06-20⁩); the current price is -98.54% from the all-time high.

Metal (MTL) Price History

7 Days
-9.48%
Low
$0.2458
High
$0.2804
30 Days
-19.19%
Low
$0.2458
High
$0.3411
90 Days
+17.36%
Low
$0.1769
High
$0.4373
1 Year
-47.50%
Low
$0.1769
High
$0.5586

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 28; Fear
Last Week: 30; Fear
Last Month: 64; Greed

The Fear & Greed Index is currently 25/100, in the Fear zone; change from yesterday: -3, from last week: -5, and from last month: -39. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Metal (MTL) Fall in the Last 24 Hours?

In the order-book snapshot dated 2026-11-05, bids across the top five levels totaled 387.37 MTL, versus 2,793.73 MTL in asks, a bid-to-ask depth ratio of about 0.14, indicating substantially heavier near-term sell-side depth. Thinner bids may amplify the price impact of sell orders, but a single snapshot does not establish trader intent. Moving averages were bearish on the 15-minute and daily intervals and neutral on the hourly and four-hour intervals. ADX ranged from 6.38 to 17.29 across the intervals, while RSI and MACD showed no clear crossover signals, pointing to a weak technical structure but limited trend strength. Volume data were unavailable, so selling participation or broad-based selling cannot be confirmed. A larger bid at $0.257 was outside the top five levels and therefore was not a near-term buy wall.

About Metal (MTL)

Metal is a digital asset storage payment wallet, which distributes tokens through "processing proof of payment" (Popp). Verified payment (Popp) is a verifiable way to identify users and allocate new currencies to the system. When users use wallets to transfer, pay and remit money, they will receive certain tokens. In addition, users who convert legal tender into cryptocurrency will be rewarded. Metal's system uses provable payments with additional authentication to allocate tokens. Anyone can participate in earning metal token as a reward, or convert legal currency to cryptocurrency MTL. The metal project aims to provide all the financial services required by small and medium-sized enterprises (SMBs) as far as possible. MTL token is the local currency in the metal system, which is translated into Chinese. Metal is different from general digital currency wallets. General digital currency wallets consume tokens or miners' fees in the process of use. Metal not only does not consume handling fees, but also rewards users with a certain amount of metal. It is distributed by users through payment certificates (popps). Users receive MTL token rewards for every dollar spent by completing shopping payments or remittances. The maximum MTL quantity is 66.5 million. You can earn up to 5% MTL for each purchase. Users can get huge discounts by using MTL. MTL is easy to earn and makes consumption more interesting.

Use Cases and Features

MTL is a token issued by Metal DAO on Ethereum. It differs from METAL, Metal Dollar (XMD), and XMT on XPR Network; in Metal Pay, in-app MTL balances can receive fee reductions for buying and selling digital assets.

Supply and Issuance Mechanism

MTL has a hard-capped supply of 66,588,888 tokens. The initial allocation in 2016 included the PoPP rewards pool, initial circulating supply, operations, employees and advisors, and the Metal Foundation; the whitepaper states that the tokens were fully distributed.

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How to Buy and Use Metal (MTL)

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Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

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Est.30-Day APR

1.1%

Metal (MTL) Basics & Market Insights

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Frequently Asked Questions About Metal (MTL)

What is MTL?

What are MTL's supply and initial allocation?

How does holding MTL affect use of Metal Pay?

Why should you check MTL's symbol and network before transferring it?

Risk Disclosure

Cryptocurrencies are high-risk assets and are subject to significant price volatility. The value of digital assets may fluctuate sharply within a short period of time, and you may lose part or all of your investment principal. Past performance does not guarantee future results. Before engaging in any transaction, you should carefully assess your financial situation, investment experience, investment objectives, and risk tolerance, and ensure that you fully understand the characteristics and risks associated with cryptocurrencies. If necessary, you are advised to consult an independent professional advisor with the appropriate qualifications.

Disclaimer

The information provided on this page is for general reference only and does not constitute any form of investment, financial, legal, tax, or trading advice, nor does it constitute any offer, solicitation, or recommendation. Gate makes no representations or warranties regarding the accuracy, completeness, or timeliness of the relevant information and assumes no liability for any losses arising from users' own decisions based on such information. Gate products and services may be restricted in certain jurisdictions or for certain users. Before using the relevant services, please ensure compliance with applicable laws and regulations, and refer to the User Agreement for provisions regarding restricted regions and service limitations.