MTLX

MettalexMTLX

Rank #2001
Token
On 183,741 watchlists

Mettalex Price (MTLX)

$0.1456
1.33%

0.000007622 BTC0.64%

0.0001104 ETH1.70%

Low:$0.1429
High:$0.1462
24h
MTLX  Mettalex MTLX
Price:
$0.1456
 1.33%
Market Cap
$163,484
1.33%
Fully Diluted Market Cap
$5,823,116
1.33%
Volume
24h
$14,331
101.20%
Volume / Market Cap
0.08766
Circulating Supply
1,123,003.12 MTLX
3%
Max Supply
40,000,000
Total Supply
40,000,000
Sponsored

Mettalex to USD Chart

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MTLX to USD Converter

MTLX

Mettalex

USD

United States Dollar

MTLX Price Statistics

Mettalex Price Today
Mettalex Price$0.1456
Price Change24h$0.001915
1.33%
24h Low / 24h High
$0.1429 /
$0.1462
Trading Volume24h$14,330.56
101.20%
Volume / Market Cap0.08766
Market DominanceNo Data
Market Rank#2001
Mettalex Market Cap
Market Cap$163,484.44
1.33%
Fully Diluted Market Cap$5,823,116.04
1.33%
Mettalex Price Yesterday
Yesterday's Low / High
$0.1192 /
$0.1444
Yesterday's Open / Close
$0.1404 /
$0.1437
Yesterday's Change

2.33%

Yesterday's Volume$7,145.74
Mettalex Price History
7d Low / 7d High
$0.1138 /
$0.1598
30d Low / 30d High
$0.1138 /
$0.1773
90d Low / 90d High
$0.1138 /
$0.2261
52 Week Low / 52 Week High
$0.1138 /
$2.69
All Time High
Feb 21, 2021 (2 years ago)
$14.25
98.98%
All Time Low
Sep 20, 2022 (6 days ago)
$0.1138
27.89%
Mettalex ROI

86.13%

Mettalex Supply
Circulating Supply1,123,003 MTLX
Total Supply40,000,000 MTLX
Max Supply40,000,000 MTLX

MTLX to USD Converter

MTLX

Mettalex

USD

United States Dollar

MTLX Price Live Data

The live Mettalex price today is $0.145578 USD with a 24-hour trading volume of $14,330.56 USD. We update our MTLX to USD price in real-time. Mettalex is up 1.33% in the last 24 hours. The current CoinMarketCap ranking is #2001, with a live market cap of $163,484 USD. It has a circulating supply of 1,123,003 MTLX coins and a max. supply of 40,000,000 MTLX coins.

If you would like to know where to buy Mettalex at the current rate, the top cryptocurrency exchanges for trading in Mettalex stock are currently CoinTiger, HitBTC, PancakeSwap (V2), Uniswap (V2), and Folgory. You can find others listed on our crypto exchanges page.

What is Mettalex?

Mettalex is a spin-off project from Fetch.ai. It is founded by Fetch.ai’s Founder - Humayun Sheikh - who has deep knowledge of the commodities trading sector and more specifically - the metals markets. Aware of the market inefficiencies in the ferrous commodities sector, Humayun came up with a cost and capital-efficient solution based on blockchain technology, token economics, industry-grade pricing data, and the liquidity available in the DeFi space.

Mettalex is a blockchain-based commodity derivatives exchange (DEX) that aims to bring the $20T commodities markets on-chain, democratize access to commodity markets, and offer a hedging tool to small and medium-sized enterprises (SMEs) in the commodities supply chain.

Mettalex has signed price data licensing agreements with industry-grade data providers including S&P Global Platts, Javelin Commodities, and Davis Index. As a result, Mettalex has access to reliable oracle data for a wide range of traditional commodity markets including Uranium, Lithium, Zinc, Aluminum, Copper, Brent Crude, Natural Gas, Cobalt, HMS, Iron Ore, Copper, and more. Mettalex also uses Chainlink and DIA feeds for crypto commodity markets.

The DEX lists selected crypto commodities, including BTC, ETH, BNB and others, as well as spreads between traditional and crypto commodities, for example - BTC/GOLD.

The Ethereum testnet and Binance Smart Chain mainnet versions of the DEX were launched in February 2021. Currently, the DEX is running on Binance Smart Chain testnet and mainnet.

Features

Unique Markets - Thanks to collaborations with major index providers, Mettalex is able to list markets that are not available anywhere else in the DeFi/crypto space.

Autonomous Market Making (AMM) - The Mettalex autonomous market makers act as the opposite side to any trade, enabling any order to be executed as long as the user is willing to pay the long/short price and fee determined by the AMM.

Banded Trading - All trading on the Mettalex DEX is performed within a price band which is based on historical price volatility. Thus, the exposure to price volatility is limited. A market remains active as long as the real-world price of the commodity does not go over the cap or below the floor.

Unique Derivatives - Unlike traditional futures and options contracts, open long/short positions on Mettalex have no expiry date. A market is settled only if the price band is breached. Users can settle an open market position that hasn’t settled yet at any time by selling back their long/short tokens to the AMM.

Asymmetric Opportunities - When the oracle reported-price is close to one of the price bands’ ends and/or one trade side is overbought - taking the opposite position gets an attractive risk/reward ratio.

Limited Risk / No Margin Calls - Unlike other derivatives platforms and thanks to the banded trading approach, Mettalex users know the exact amount of upside and downside they are exposed to. They know exactly how much they can earn or lose before opening any order. There are no liquidations due to insufficient account balance.

Leverage / Capital Efficiency - Trading on Mettalex is capital-efficient since the user needs to provide collateral equal only to a fraction of the commodity’s market price. What that fraction is depends on how wide the price band is and where the market price is within that band.

Fully Collateralized Positions - All open positions on Mettalex are fully collateralized with stablecoins. There is no under or over-collateralization. Other types of collateral - for example more volatile cryptocurrencies - are to be incorporated in the future.

Long And Short Position Tokens - All open positions on the DEX are represented by tokens owned by the user. The user can sell those on Mettalex at any time before price band breach. These tokens could potentially be used as collateral on other DeFi platforms.

MTLX to USD Converter

MTLX

Mettalex

USD

United States Dollar

MTLX Price Statistics

Mettalex Price Today
Mettalex Price$0.1456
Price Change24h$0.001915
1.33%
24h Low / 24h High
$0.1429 /
$0.1462
Trading Volume24h$14,330.56
101.20%
Volume / Market Cap0.08766
Market DominanceNo Data
Market Rank#2001
Mettalex Market Cap
Market Cap$163,484.44
1.33%
Fully Diluted Market Cap$5,823,116.04
1.33%
Mettalex Price Yesterday
Yesterday's Low / High
$0.1192 /
$0.1444
Yesterday's Open / Close
$0.1404 /
$0.1437
Yesterday's Change

2.33%

Yesterday's Volume$7,145.74
Mettalex Price History
7d Low / 7d High
$0.1138 /
$0.1598
30d Low / 30d High
$0.1138 /
$0.1773
90d Low / 90d High
$0.1138 /
$0.2261
52 Week Low / 52 Week High
$0.1138 /
$2.69
All Time High
Feb 21, 2021 (2 years ago)
$14.25
98.98%
All Time Low
Sep 20, 2022 (6 days ago)
$0.1138
27.89%
Mettalex ROI

86.13%

Mettalex Supply
Circulating Supply1,123,003 MTLX
Total Supply40,000,000 MTLX
Max Supply40,000,000 MTLX