What Metal is
Metal (MTL) is a Layer-1 smart-contract platform, currently ranked 431st by market capitalization among the assets we track. Metal is its own settlement layer. Smart contracts run on top of it, fees are paid in MTL, and the security model rests on validators bonding the token rather than burning energy to mine it.
Metal (MTL) is a cryptocurrency designed to facilitate the use of digital assets for everyday transactions, focusing on a user-friendly experience and rewarding users for their participation. It aims to empower individuals by providing them with financial tools and services using blockchain technology.
How consensus and the token economy connect
Staking ties the token's value to network security: more MTL bonded means a costlier attack, and stakers are paid for taking that role. Unstaking queues and slashing parameters shape how liquid that capital really is.
MTL is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Metal first went live in 2017, giving it roughly 9 years of on-chain price history to draw on. Metal operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 15 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack.
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in MTL. CoinPaprika classifies the project's development status as "On-going development". In sector terms it is most often filed under Smart Contracts, Ethereum (ETH) Token (ERC-20), and Wallet.
Where Metal sits in the market
With MTL near $0.2241, Metal carries a market capitalization of $19.31M. Around $616.22K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 3.19% of the float — a healthy level of activity for an asset this size.
Metal carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. MTL remains -98% beneath its all-time high of $14.82, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -1.55%, 7-day +0.91%, 30-day +24.09%, 1-year -54.75%. Within its stored 365-day daily history, MTL mounted a low-to-high run of roughly 40% at its strongest stretch.
Volatility profile
Recent action puts Metal in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals +24.09%, a useful input for stop placement and position sizing.
How to evaluate Metal
For an asset of this type, three lenses matter most:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of MTL staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Metal over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
