Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.16% | 2.81% | 12.59% | 12.47% | 28.47% | 17.62% |
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About Metal L2
Metal L2's key milestones include: May 2024 launch on the Optimism Superchain, positioning it as a compliant Layer 2 bridging DeFi and TradFi with native Metal Dollar (XMD). June 2024 marked the MTL v2 token migration and 1:1 airdrop from Ethereum, establishing MTL as the ecosystem's governance asset on Metal L2. The most significant event came in April 2026 with MIP-002 'Homecoming', proposing migration to a sovereign Metal Blockchain subnet. This shift addresses critical limitations: eliminating the 7-day withdrawal delay via ~0.5s Snow consensus finality, making MTL the native gas token, granting full sovereignty over upgrades and chain parameters, and enabling native compliance features like KYC and freeze functionality. The phased 6-12 month migration plan ensures continuity through parallel operation before sunsetting the OP Stack chain.
Bullish:
MIP-002 (Homecoming) was approved, planning to migrate Metal L2 from OP Stack to a Metal Blockchain subnet, making MTL the native gas token, enabling ~0.5s finality and removing the 7-day withdrawal delay, boosting token utility and network efficiency.
Upgrade 19/Karst was completed, maintaining OP Stack chain stability during the transition.
Bearish:
Indonesian exchange Indodax delisted MTL in June, reducing liquidity; Binance suspended deposits on July 8 for the network upgrade, causing short-term panic.
Co-founders: Marshall Hayner (CEO, founded Metal DAO in 2015; previously involved with Dogecoin and Stellar) and Glenn Mariën (co-founder). Early core team: Sid Parihar (ex-Apple, participated in Metal Pay development); ICO core team included Andy Goldstein, Oscar Munoz, and Madisyn Li. Currently, only CEO Marshall Hayner is confirmed as an active core executive; no reliable information is available on other current executives.