What is the current price of Metal DAO?
The current price of Metal DAO is $0.2729 with a 0.36% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Metal DAO is the governance token of the Metallicus ecosystem, a group of products aimed at connecting regulated financial institutions to public blockchain rails. MTL holders govern Metal Dollar, a reserve-backed stablecoin index, and receive tiered fee benefits in the Metal Pay consumer app.
The important thing to know before researching MTL is that the token moved. It began life in 2017 as an ERC-20 on Ethereum and migrated to Metal L2, an Optimism Superchain rollup built by Metallicus, in June 2024. The current token lives at 0xBCFc435d8F276585f6431Fc1b9EE9A850B5C00A9 on Metal L2 rather than on Ethereum mainnet, and it uses 8 decimals rather than the more common 18.
Official sources:
Metallicus was founded in 2017 by Marshall Hayner, with Glenn Marien as a co-founder of the Metal project. Hayner had been active in crypto since around 2009, building an early social Bitcoin wallet and working with the Stellar development effort before starting Metal.
MTL was distributed through a token sale in June 2017 that raised roughly 10 million dollars, and the original Ethereum contract at 0xF433089366899D83a9f26A773D59ec7eCF30355e was issued with a fixed total of 66,588,888 MTL at 8 decimals. That contract is still readable on Ethereum today, but it is the legacy version.
The product line grew in stages. Metal Pay launched as a consumer cash and crypto app. Metal Blockchain arrived in 2022 as a Layer 0 designed to let banks and fintechs spin up public or private subchains that share assets through Warp Messaging. Metal L2 mainnet was deployed on March 29, 2024, as an Ethereum scaling layer built to interoperate with the Metallicus Digital Banking Network. MTL followed it: a snapshot was taken on June 24, 2024, and holders received the new token one for one on June 26, 2024.
The ecosystem is best understood as three tiers plus a governance token that sits across them.
Metal Blockchain, the Layer 0 This is the institutional tier, where a bank or fintech can operate its own subchain with the compliance posture it needs while still moving assets across the wider network.
Metal L2, the public rollup Metal L2 is an OP Stack chain on the Optimism Superchain. A live read of the network confirms chain ID 1750, and the public Superchain registry lists it as an Ethereum data availability rollup with permissioned fault proofs, governed under Optimism's framework. Transaction fees on Metal L2 are paid in ETH, not in MTL, which is a common point of confusion.
Metal Pay and Metal Dollar Metal Pay is the consumer-facing app and fiat on-ramp into the ecosystem. Metal Dollar, ticker XMD, is a reserve-backed stablecoin index minted from a basket of non-algorithmic, reserve-backed stablecoins, and MTL governs it.
A supply note worth being precise about. The original Ethereum contract was capped at 66,588,888 MTL. The Metal L2 contract deployed for the migration is a new contract and its issued amount has grown beyond that original figure, so MTL should not be described as having the same hard cap it had on Ethereum. If a fixed protocol maximum matters to your analysis, read the current issuance directly from the Metal L2 explorer rather than relying on legacy documentation.
Most Layer 2 projects are built by crypto-native teams for crypto-native users. Metal L2 was built by a company whose main business is connecting regulated financial institutions to blockchain infrastructure, and that shows in the design choices: compliance tooling as a first-class feature, a Layer 0 that lets institutions run private ledgers, and a stablecoin index governed by token holders rather than a single issuer. MTL is unusual in being an old 2017 token that survived long enough to be repurposed as governance for that stack.
Compared with general-purpose Layer 2s such as Optimism or Arbitrum, Metal L2 shares the same OP Stack technology but targets a much narrower audience: banks, fintechs, and payment flows that need compliance controls. Compared with other stablecoin projects, Metal Dollar is an index over existing reserve-backed stablecoins rather than a new issuance with its own reserves, which shifts the risk profile from reserve management to basket composition and governance. Compared with typical governance tokens, MTL governs a stablecoin basket and a fee schedule rather than a lending market or an exchange.
MTL now lives on Metal L2, so its security is that of an OP Stack rollup: transaction data is posted to Ethereum, and the chain inherits Ethereum settlement, but the fault proof system is listed as permissioned, meaning the ability to challenge invalid state is restricted rather than fully open. That is a normal stage for a Superchain member and a real caveat. Beyond the chain, the practical security questions are custody of funds inside Metal Pay, the correctness of the token contract, and the governance process that controls XMD.
Metal is one of the longer-running attempts to make blockchain infrastructure usable by regulated financial institutions rather than around them. The combination of a Layer 0 for private and public institutional subchains, a Superchain rollup for public activity, a consumer on-ramp, and a governed stablecoin index is a coherent stack rather than a collection of features. Whether banks adopt it is unproven, but the architecture is a serious answer to a real problem.
MTL is listed on centralized exchanges, with pairs and availability varying by jurisdiction. Because the token migrated networks, confirm whether a venue supports Metal L2 withdrawals before you plan to move funds to self-custody.
MTL has been available on venues including:
Listings and supported networks change, so verify on the venue itself.
Add the Metal L2 network and the correct contract address before depositing, and keep some ETH on Metal L2 for gas, since fees are paid in ETH rather than MTL.
You can compare MTL with related projects on Coinrithm:
Track Metal DAO live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Metal DAO on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Metal DAO with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Metal DAO with real money.
Read the complete paper trading guideThe current price of Metal DAO is $0.2729 with a 0.36% change in the last 24 hours.
The daily trading volume is $84,825.18 representing a 43.07% change in the past 24 hours.
The market capitalization of Metal DAO is $25,489,232, ranking #471 globally.
The fully diluted valuation (FDV) of Metal DAO is $25,489,232, calculated assuming the total supply of 93,397,746 MTL is in circulation.
Circulating: 93,397,746. Total: 93,397,746. Max: N/A.
In the last 24 hours, Metal DAO traded between a low of $0.2656 and a high of $0.2724.
MTL/USDTTether USDT0.2729 USDT
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