Metal DAO (MTL): price, market cap and how it did against Bitcoin
Bottom line
Metal DAO (MTL) closed at $0.2671 on 4 November 2026, with a market capitalisation of $25.1M (rank 739) on 5 November 2026. On 30 October 2026 it was above its 200-day average of $0.2629, which is rising. Over 90 days it is 6.6 percentage points ahead of Bitcoin. Layer 2 as a theme is +22.4% against Bitcoin over 13 weeks.
Price
$0.2671
as of 2026-11-04
Market cap
$25.1M
snapshot 2026-11-05
vs Bitcoin · 90d
+6.6 pts
as of 2026-10-30
30-day median volume
$404.8K
as of 2026-10-30
What it is · from the data we hold
What is Metal DAO (MTL)?
Metal DAO (MTL) is a crypto token that CoinGecko lists under smart contract platform and layer 2 (L2). We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 12 November 2021 was $3.36 on 17 November 2021; its lowest was $0.1826 on 18 August 2026.
01 · the tape, against its benchmark
How has Metal DAO moved against Bitcoin?
Metal DAO is -40.8% over one year, +29.9% over 90 days and -18.3% over 30 days. Annualised 30-day volatility is 47%. Its deepest fall from a high inside the last 90 days is 26%. It trades above its 200-day average, which is rising.
MTL · rebasedBitcoinLayer 2 · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Metal DAO's returns and risk look like?
7 days-4.0%
30 days-18%
90 days+30%
180 days-9.8%
1 year-41%
30-day volatility47% annualised
Deepest 90-day fall26%
200-day average$0.2629 · above · rising
50-day average$0.2985
03 · what the protocol actually earns
Does Metal DAO generate fees or revenue?
No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Metal DAO, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.
04 · exact additive research priority
What does the evidence say about Metal DAO?
Metal DAO scores 55.1 out of 100 inside Layer 2, ranked 12 of 34 rated coins on 50% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
23.9/35Price leadership
vs Bitcoin (90 days): +6.6 pts · vs its theme (30 days): −1.5 pts · above its 200-day average
100% evidence
15.0/30Usage growth
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
6.2/15Liquidity & risk
Typical daily trading: $404.8K · price swings: 46.7% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Metal DAO compare with other Layer 2 coins?
Metal DAO is one of 45 Layer 2 coins here, 34 of which carry enough evidence to be rated and ranked. Metal DAO ranks 12 of those 34 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Layer 2 scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Layer 2 page.
Which crypto lists is Metal DAO on?
Metal DAO is on one of our crypto lists: Altcoins. Every coin we track is in the full ranking on Cryptocurrencies by market cap. List membership comes from CoinGecko's categories and market-cap rank, never from a hand-picked list.
Next to it by size · every coin with a page
Which coins are closest to Metal DAO in market cap?
Metal DAO is number 417 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-05.
This page names 5 ways its own evidence about Metal DAO can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-05.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-05; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 7 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Metal DAO (MTL)?
Metal DAO (MTL) is a crypto token that CoinGecko lists under smart contract platform and layer 2 (L2). We place it in the Layer 2 theme, with 45 coins. Its highest daily close since 12 November 2021 was $3.36 on 17 November 2021; its lowest was $0.1826 on 18 August 2026.
What is the market cap of Metal DAO?
Metal DAO's market capitalisation is $25.1M, ranking it 739 in the top-1,000 crypto universe, read on 5 November 2026. It is refreshed separately from the daily price.
Is Metal DAO beating Bitcoin?
Over 90 days Metal DAO is 6.6 percentage points ahead of Bitcoin: its own return minus Bitcoin's. Its theme, Layer 2, is +22.4% against Bitcoin over 13 weeks. Metal DAO trades above its 200-day average as of 4 November 2026.
What is Metal DAO's highest price?
The highest daily close we hold for Metal DAO is $3.36, on 17 November 2021, in records from 12 November 2021. The lowest is $0.1826, on 18 August 2026. The close on 4 November 2026, $0.2671, is 92% below that high.
Does Metal DAO have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Metal DAO's research score?
55.1/100 within Layer 2, ranked 12 of 34 rated Layer 2 coins, on 50% evidence: 23.9 + 15.0 + 10.0 + 6.2 = 55.1. It is labelled “Thinly traded”. The score ranks research attention inside one theme, never portfolio action.
How much Metal DAO history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Metal DAO actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.