What mETH is
mETH is a liquid-staking / restaking derivative token, currently ranked 92nd by market capitalization among the assets we track. mETH is a liquid-staking token: it represents staked capital (usually ETH) while staying tradeable, so holders earn staking yield without locking their funds. Its value is the underlying stake plus accrued rewards.
mETH (METH) is a synthetic representation of Ethereum (ETH) that allows users to hold and trade ETH in a more flexible manner within decentralized finance (DeFi) protocols. It is designed to enhance liquidity and provide additional trading opportunities for users.
How the yield and peg work
Holding mETH is holding staking yield in liquid form. The main risks are the staking provider's smart contracts and any divergence between the token's market price and the redeemable value of the stake.
Background & fundamentals
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Mantle Ecosystem, and Liquid Staking Token (LST).
Where mETH sits in the market
With METH near $1,732, mETH carries a market capitalization of $656.19M. Around $216.88K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.03% of the float — on the quieter side, which can mean thinner liquidity for large orders.
mETH carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -67% under its record of $5,298 — a meaningful but not catastrophic drawdown.
What the price history shows
Recent moves read 24-hour +0.45%, 7-day -4.28%, 30-day -13.56%, 1-year -21.32%. Within its stored 347-day daily history, METH mounted a low-to-high run of roughly 122% at its strongest stretch.
Volatility profile
Recent action puts mETH in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -13.56%, a useful input for stop placement and position sizing.
How to evaluate a liquid-staking token like mETH
The honest checklist for METH is short:
- Peg to underlying — whether METH trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind METH.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
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.
