Metal DAO is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chain it is issued on, which is why it is listed separately from the cryptocurrencies.
| Type | Token |
|---|---|
| Class | Layer 2 |
| Backing | Non-backed |
| Market capitalisation | $31M |
| Price | $0.3298 |
| Circulating supply | 93,397,746 MTL |
| Issued on | 1 chain |
Figures as of 25 September 2026, from the six-hourly snapshot.
It is issued on one chain. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.