Metal Price

Metal (MTL) is a cryptocurrency that serves as the utility token for the Metal DAO ecosystem. Currently ranked #567 with a price of $0.8032, it has seen a -0.82% change in the last 24 hours. Metal operates on the Metal platform and functions as a governance token for the Metal Dollar (XMD) stablecoin. The token provides utility through tiered trading discounts for holders using the Metal Pay app and allows users to propose new stablecoins for the Metal Dollar basket, including their allocation ratios. With a market cap of $69.19M and 24-hour trading volume of $268.35K, Metal has established itself in the payments and Layer 2 sectors. Metal has a circulating supply of 86.14M MTL with a total supply of 86.14M MTL. Since its launch in 2017, it has developed into a key component of the Metal ecosystem, focusing on payment solutions and medium of exchange functionality.

Metal (MTL) was created on July 9, 2017, when it was officially added to cryptocurrency markets. It was developed as part of the Metal ecosystem, designed to serve as a medium of exchange with a focus on payment solutions. Since its launch, Metal has evolved to become a Layer 2 solution, offering improved transaction capabilities. The project raised approximately $9 million during its initial coin offering (ICO) in June 2017, with tokens priced at around $0.46 during the fundraising event. Today, Metal continues to operate on its native platform with a total supply of 86.14M MTL.

The founders of Metal are Marshall Hayner, Fred Krueger, Jacob Davis, and Glenn Marien. Marshall Hayner is the most prominent founder who led the development of the Metal ecosystem. The founding team created the project with a vision to make cryptocurrency more accessible through a payment system that rewards users with MTL tokens for making transactions. The platform was designed to incentivize cryptocurrency adoption by offering up to 5% back in MTL for transactions made within their payment app. Since its launch in 2017, the founding team has continued to develop the ecosystem, evolving it into what is now known as Metal.

Metal (MTL) works as a Layer 2 solution on the Metal blockchain, focusing on payment processing and financial services. The token serves dual functions as both a utility and governance token within the ecosystem. As a utility token, MTL facilitates transactions with reduced fees and faster processing times compared to traditional payment methods. Users can make payments, transfer funds, and access various financial services within the Metal ecosystem. For governance, MTL holders can participate in decision-making processes for the platform's development and policy changes through voting rights proportional to their holdings. The token also powers the Metal Pay platform, which rewards users with MTL tokens for making everyday purchases, creating a unique 'Proof of Processed Payments' (PoPP) system that incentivizes adoption. Currently priced at $0.8032 with a market cap of $69.19M, MTL has 86.14M MTL tokens in circulation out of a total supply of 86.14M MTL. The token has seen -0.82% price movement in the last 24 hours with a trading volume of $268.35K.

Metal operates on a Layer 2 blockchain architecture designed to enhance transaction efficiency and reduce network congestion. The technical framework includes: 1. Ethereum compatibility: Built as a Layer 2 solution that leverages Ethereum's security while improving scalability 2. Fee reduction mechanism: Holders of larger amounts of MTL (over 10,000 tokens) benefit from reduced transaction fees, with some users enjoying 0% fees on cryptocurrency purchases 3. Smart contract functionality: Supports decentralized applications and DeFi protocols 4. Consensus mechanism: Uses a hybrid approach that balances security and transaction throughput 5. Cross-chain interoperability: Designed to facilitate seamless asset transfers between different blockchain networks This architecture enables Metal to process transactions more efficiently while maintaining security, making it particularly suitable for payment applications and medium of exchange use cases within the broader crypto ecosystem.

Metal has a promising future with a clear roadmap focused on expanding its Layer 2 ecosystem. The team is working on enhancing scalability, improving transaction speeds, and reducing fees while maintaining security. By 2026, Metal plans to implement cross-chain interoperability features and expand its payment solutions. Looking ahead to 2027, the project aims to reach a potential price of $1.46, with an average trading value around $1.17. The roadmap includes further development of the Metal Ecosystem, additional partnerships with financial institutions, and enhanced governance mechanisms through its DAO structure. With its current price of $0.8032 and market cap of $69.19M, Metal is positioned to strengthen its role in the payments and medium of exchange sectors while continuing to build out its Layer 2 infrastructure.