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MTL to USDT Converter
1 MTL = 0.264995 USDT · updated 06:21 UTC
Volume Bubbles Chart (1h)
Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.Seasonal Chart
Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.Metal DAO Markets
Metal DAO Historical Data
About Metal DAO (MTL)
Metal DAO (MTL) is the governance token associated with the Metal Dollar ecosystem and Metal Pay. The project's help center describes MTL as a way for holders to propose and vote on protocol directions, including aspects of Metal L2. The same source says MTL generated from fees and inflation contributes to a DAO treasury, so token economics should be checked against current official guidance. Metal L2 is an EVM-equivalent Layer 2 connected to Ethereum and built on the OP Stack. Its developer documentation explains that the network is part of the Superchain ecosystem, which shares technology and interoperability standards with other OP Stack chains. MTL's governance role should not be confused with the separate technical function of the chain or with the network's native fee mechanics. Metal's ecosystem has several similarly named assets and products. MTL is the Metal DAO token issued on Ethereum; Metal Blockchain has a separate native asset called METAL, and the XPR Network governance context uses XMT. This naming overlap makes network and contract verification especially important. A ticker search alone may return an asset that is not the token a user intended to study or transfer.
MTL governance and treasury
The official help article says Metal DAO enables holders to propose and vote on protocol direction, while MTL from fees and inflation builds a DAO treasury. That describes a governance and funding mechanism, not a guarantee that holders receive a distribution. The actual scope of proposals and treasury actions depends on the current governance process and approved decisions.
Metal L2 and the OP Stack
Metal L2 is documented as an EVM-equivalent Layer 2 built using the OP Stack. That makes it familiar to developers who already work with Ethereum-style tools, while connecting the chain to Superchain standards. Developers should still verify chain IDs, bridge routes, contract deployments and security assumptions before deploying or moving assets.
Metal Pay and fee reductions
Metal Pay's official materials describe MTL in connection with fee reductions for users of the service. This consumer-facing benefit is separate from governance participation and may be subject to account, product or regional terms. Users should review the current fee schedule and eligibility rules rather than assume a token balance automatically qualifies for every discount.
Distinguishing MTL from related tokens
MTL, METAL and XMT are not interchangeable symbols. The project's official material explicitly separates Metal DAO on Ethereum from the Metal Blockchain asset and the XPR Network governance token. This distinction is important when reading price charts, comparing supply statistics or choosing a deposit network on an exchange.
Risks and due diligence
MTL carries ordinary crypto-market risk, alongside governance, smart-contract and product-availability risks. Metal L2's technical documentation describes infrastructure, while token utility is explained in separate project materials. Check both the contract identity and current product terms before acting, and avoid inferring current functionality from old marketing pages or the similarity of token names.
Last reviewed: Oct 9, 2026
Metal DAO (MTL) FAQ
What is Metal DAO (MTL)?
MTL is the governance token associated with Metal DAO and the Metal Dollar ecosystem. Official Metal Pay material says holders can propose and vote on protocol directions, including Metal L2, and that fees and inflation can contribute MTL to a DAO treasury. It is distinct from other similarly named Metal ecosystem assets.
What is MTL used for?
Official project material describes MTL for governance participation and fee reductions in Metal Pay. The governance role and consumer-app benefits are separate, and eligibility can depend on current product terms. Do not assume that holding MTL grants access to every Metal service or that it is the same asset as METAL or XMT.
What is Metal L2?
Metal L2 is an EVM-equivalent Layer 2 connected to Ethereum and built on the OP Stack. Its documentation places it within the Superchain ecosystem. That technical role is distinct from MTL's governance function, and developers should check current chain configuration, contract deployments and bridge guidance before using the network.
Does MTL provide governance rights?
The official Metal Pay help article says Metal DAO enables holders to propose and vote on protocol directions. The scope of voting depends on current governance rules and proposals. A token balance should not be assumed to cast votes automatically; holders should review the official governance process and eligibility requirements.
Is MTL the same as METAL?
No. Official Metal Pay material distinguishes MTL, the Metal DAO token issued on Ethereum, from METAL, the native asset of Metal Blockchain. It also notes XMT in the XPR Network governance context. Because the symbols are similar, verify the chain and token contract before transferring or comparing market data.
Can MTL reduce Metal Pay fees?
Metal Pay's official materials describe fee reductions associated with MTL. The exact benefit may depend on the current service, user eligibility and fee schedule. Check the live product terms before assuming a particular discount applies, and distinguish an app-specific benefit from governance rights or the technical operation of Metal L2.
What is the OP Stack connection?
Metal L2 is built on the OP Stack, a technology framework used by Ethereum Layer 2 networks in the Superchain ecosystem. This can provide familiar EVM development tools and shared infrastructure patterns. It does not mean every application or bridge is automatically compatible, so verify deployment and security details individually.
What is MTL's all-time high?
Metal DAO (MTL) has a recorded market all-time high of $17.03 on Jun 20, 2018. This statistic refers to MTL, not the similarly named METAL or XMT assets. Use the Price Statistics panel when market data is available and verify the token identity before making historical comparisons.
How has MTL performed historically?
FMchart's composite chart shows the available historical price series for Metal DAO, with its start date visible in the chart. Monthly and yearly results depend on the exchanges and dates represented in that series. The project's documented mechanics describe network design, not a reliable prediction of future market returns.
What risks should MTL holders understand?
Risks include price volatility, changing governance rules, smart-contract exposure and confusion among similarly named tokens. Product benefits can change, and a governance mechanism does not guarantee a particular treasury outcome. Verify the exact Ethereum token contract, current Metal Pay terms and the network involved before transferring or using MTL.