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Rank #2240
Mettalex Price (MTLX)
Mettalex (MTLX)
$0.143464 3.5%
0.00000745 BTC 4.4%
0.00010955 ETH 5.3%
4,903 people like this
$0.130354
24H Range
$0.146495
Market Cap $567,445
24 Hour Trading Vol $23,014.42
Circulating Supply 3,962,685
Total Supply 40,000,000
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Mettalex Price Chart (MTLX/USD)

Last updated 08:57PM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
1.4%
3.5%
-0.7%
-10.3%
-13.0%
-93.8%

Convert MTLX to USD

MTLX
USD
USD

1 MTLX = $0.143464

MTLX Price Statistics

Mettalex Price Today
Mettalex Price $0.143464
24h Low / 24h High $0.130354 / $0.146495
7d Low / 7d High $0.135025 / $0.153766
Trading Volume $23,014.42
Market Cap Rank #2240
Market Cap $567,445
Market Cap Dominance 0%
Volume / Market Cap 0.0406
All-Time High $14.40 -99.0%
Feb 21, 2021 (over 1 year)
All-Time Low $0.106669 34.3%
Sep 05, 2022 (26 days)

MTLX Price Today

Mettalex price today is $0.143464 with a 24-hour trading volume of $23,014.42. MTLX price is up 3.5% in the last 24 hours. It has a circulating supply of 4 Million MTLX coins and a total supply of 40 Million. If you are looking to buy or sell Mettalex, Uniswap (v2) is currently the most active exchange.

What was the highest price for Mettalex?

Mettalex hit an all time high of $14.40 on Feb 21, 2021 (over 1 year).

What was the lowest price for Mettalex?

Mettalex had an all time low of $0.106669 on Sep 05, 2022 (26 days).

What was the 24 hour trading volume of Mettalex?

The 24 hour trading volume of Mettalex is $23,014.42.

Where can Mettalex be traded?

You can trade Mettalex on Uniswap (v2), Bilaxy, and PancakeSwap (v2). Popular trading pairs for Mettalex in the market includes MTLX/USD, MTLX/CAD, MTLX/AUD, MTLX/GBP, MTLX/INR, and MTLX/PHP.

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.

 

Noteworthy 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 that 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 the breach of the price band. These tokens could potentially be used as collateral on other DeFi platforms.

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