Metal DAO MTL

What MTL actually is on-chain

Metal DAO is a contract-issued token at address 0xbcfc435d8f276585f6431fc1b9ee9a850b5c00a9, recorded on explorer.metall2.com. We do not have a verified chain label for that explorer in our dataset, so we will not name the network here — check explorer.metall2.com directly and confirm the address matches before interacting with it.

For MTL the project publishes an active account as @metalpaysme. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MTL sits in the market

At #721, Metal DAO is in the top of the small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 5 live MTL order books (Binance, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #721 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

MTL against its all-time high

MTL is more than 95% below its all-time high of $17.03 (on 2018-06-21) — a 64.5x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for MTL is the downside, not the peak, so the range section below matters more than this one. It was set 8 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

MTL across its historical range

MTL has traded across a 145x range, between $0.1173 and $17.03. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

MTL trades roughly 2.25x above its record low of $0.1173 (on 2020-03-13). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

MTL supply and valuation data

Metal DAO sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for MTL but not an audited token count. What we do have is a fully diluted valuation of $30.4 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one explorer.metall2.com reports for this contract.

What kind of asset MTL is

Metal DAO is a layer-2 or scaling asset, which means its economics are downstream of a base chain. Fee revenue depends on how much activity migrates to it, and the competitive set is crowded — several rollups compete for the same transactions with near-identical technical claims. Sequencer decentralisation and the fee split with the settlement layer are the structural questions.

CoinGecko files MTL under 3 categories, including Layer 2 (L2), Made in USA. Worth flagging from the metadata: MTL is tagged as US-originated.

How to set a Metal DAO alert that is worth receiving

Metal DAO (MTL) — quoted on 5 venues we stream — high dated 2018-06-21 — rank #721. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →