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 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 680

$0.2573

-$0.0152(-5.61%)

Market Cap

$23.76M

24h High

$0.2996

24h Low

$0.2489

24h Turnover

$54.78K

Total Supply

90.63M

Market Sentiment

Neutral

Metal (MTL) Price Performance

View Metal (MTL) Price Prediction

Metal (MTL) has a Last Price of $0.2573, with a 24h change of -5.61%. The 24h low is $0.2489, the 24h high is $0.2996, and the 24h turnover is $54.78K. The current market cap is approximately $23.76M, ranking 680 by market cap and accounting for 0.00045% of the total crypto market cap. The All-Time High is $17.0300 (⁦2018-06-20⁩), with a change from the All-Time High of -98.49%.

7 Days
-3.23%
Low
$0.2489
High
$0.3411
30 Days
-25.91%
Low
$0.2489
High
$0.3473
90 Days
+26.12%
Low
$0.1769
High
$0.4373
1 Year
-50.28%
Low
$0.1769
High
$0.5586

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 54; Normal
Last Week: 59; Normal
Last Month: 74; Greed

The Fear & Greed Index is currently 50/100, in the Normal zone; change from yesterday: -4, from last week: -9, and from last month: -24. 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?

Around 09:14 on 2026-10-25, MTL rose from $0.2676 to $0.3029 in one hour. The internal event pool linked the short-term buying to institutional interest and expectations of ETF inflows, but cited no specific institutional action or ETF filing. Trading and order-book data point to thin liquidity: snapshot volume was only 102.72 units, and a single large buy order may have dominated nominal bid depth rather than reflected broad demand. The largest sell order also exceeded the stated total sell volume across the top five levels, making the depth figures inconsistent. Bearish moving averages on the four-hour and daily timeframes diverged from the brief surge; the move is more consistent with a low-liquidity price impulse than a confirmed trend reversal.

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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Est.30-Day APR

211.84%

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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

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