Mettalex PriceMTLX

What is Mettalex (MTLX)?

Mettalex (MTLX) is the native token of a decentralized trading platform originally built as a P2P agent-based DEX powered by AI Agents. It was designed to enable cross-chain DeFi trading through a peer-to-peer order book combined with AI-agent execution, allowing users to swap, bridge, and trade with full interoperability. Mettalex originated as a spin-off from Fetch.ai, the AI and blockchain infrastructure project, and combines Fetch.ai's advanced agent-based technology with a seamless, secure platform for efficient chain-agnostic trades. The platform was initially positioned as a decentralized commodity derivatives exchange featuring markets unavailable elsewhere in DeFi, including Steel, Iron Ore, Natural Gas, Aluminium, and Zinc. MTLX has a total supply of 40,000,000 tokens. The project launched in 2020 and has since undergone an operational transition, with the team announcing it is discontinuing Mettalex as an actively operated trading product. The project's stated mission is to "empower traders by simplifying cross-chain digital asset trading, reducing intermediaries, and increasing user control through AI-driven decentralized technology."

Key Specifications & Tokenomics

• Name: Mettalex
• Ticker/Symbol: MTLX
• Blockchain/Platform: Ethereum, with presence on BSC via anyMTLX
• Category: Decentralized Exchange / AI Agent-based DeFi
• Launch Date: 2020-09-08 (CoinMarketCap listing date: 2020-09-30)
• Total Supply: 40,000,000 MTLX
• Maximum Supply: Not capped in the registry data; total supply is 40,000,000 MTLX.
• Circulating Supply: 1,123,003 MTLX
• Reserved Supply: 35.94 million MTLX
• Contract Address (Ethereum): 0x2e1e15c44ffe4df6a0cb7371cd00d5028e571d14
• CertiK Rating: 3.4 (out of 5, per CertiK); this is a security score, not a guarantee of safety
• Consensus: Ethereum platform smart contracts
• Official Website: https://mettalex.ai/
• Whitepaper/Docs: https://www.mettalex.ai/docs
• Twitter/X: https://twitter.com/Mettalex
• Explorers: bscscan.com, etherscan.io

Who created Mettalex?

Mettalex was founded by Humayun Sheikh, who serves as Founder and CEO. Humayun Sheikh is an entrepreneur, investor, and founder of Fetch.ai, uVue, and itzMe, with deep knowledge of the commodities trading sector. Mettalex is a spin-off project from Fetch.ai, founded by Fetch.ai's Founder. The core team includes Chirag Maliwal as Project Manager, Monish Muralidharan as Marketing Manager, and Mehul Gaidhani in a technical role. Mettalex is an unfunded company based in Cambridge, United Kingdom, founded in 2020 by Humayun Sheikh.

How does Mettalex work?

Mettalex combines Fetch.ai's advanced agent-based technology with a P2P order book and AI-agent execution. Its middleware architecture enables the initiation of trades, alerting agents, pairing of orders, and safe transaction of funds through integration with the blockchain. Users integrate their digital wallet, engage in synthetic commodities trading, and rely on blockchain-powered smart contracts for clarity. The platform is described as chain-agnostic for trading, while a one-way bridge from anyMTLX on BSC to MTLX on Ethereum handles token movement between chains. Mettalex facilitates asset trades across various blockchains, from Fetch chain to Ethereum or Binance Smart Chain to Avalanche. Unlike traditional DEXs, Mettalex eliminates the concept of liquidity pools, removing reliance on liquidity providers and enabling efficient operation even with low liquidity. Mettalex describes its zero-slippage model as "protocol-level engineering," claiming transactions execute at the expected price without slippage costs.

What makes Mettalex unique and valuable?

Mettalex distinguishes itself through complete decentralization, with deployment operating across local machines, cloud providers, and even smart devices, offering adaptability that sets it apart from conventional platforms. Its chain-agnostic design allows seamless trading across multiple blockchains without being tied to a single chain. The absence of liquidity pools removes the dependency on liquidity providers, enabling efficient operation even in low-liquidity conditions. The zero-slippage model ensures transactions execute at expected prices, protecting trading strategies from slippage costs. Historically, Mettalex offered commodity and derivatives markets that were unavailable anywhere else in DeFi, aiming to make these markets more transparent and accessible. The platform's integration of AI agents through Fetch.ai technology provides a next-generation trading experience.

What is Mettalex used for?

MTLX is the native token powering the Mettalex ecosystem and the token for the Mettalex P2P exchange, playing a crucial role in the functioning of the ecosystem. The revamped tokenomics enhanced its utilities from Governance to Premium service access. MTLX holders can participate in governance decisions for the platform. The token also supports premium service access within the ecosystem. Mettalex Tokenomics 2.0, published April 8, 2022, designed ways for the MTLX governance token to allow use of multiple cryptocurrency tokens as collateral. The MTLX token is integral to the operation of the P2P exchange and the broader Mettalex trading environment.

How Is the Mettalex ecosystem developing?

The Mettalex ecosystem centered on its P2P exchange as the core product, supporting cross-chain DeFi trading where users could swap, bridge, and trade with full interoperability. It featured synthetic commodities trading via blockchain-powered smart contracts and historically offered commodity derivatives markets including Steel, Iron Ore, Natural Gas, Aluminium, and Zinc. A one-way bridge from anyMTLX on BSC to MTLX on Ethereum supported asset movement between chains. The project maintained a close relationship with Fetch.ai, being powered by Fetch.ai and operating as a spin-off that combines its agent-based technology. On February 27, 2026, Mettalex announced "An operational transition for Mettalex," discontinuing Mettalex as an actively operated trading product and stepping back from running the official exchange experience; the announcement describes the transition as an autonomous-market-maker powered DEX and introduction of MTLX.

How to mine Mettalex?

Mettalex does not operate a traditional mining mechanism, as MTLX is an ERC-20 token on the Ethereum platform with a total supply of 40,000,000 MTLX. There is no proof-of-work mining process for MTLX. Token distribution is governed by the project's tokenomics, with a reserved supply of 35.94 million MTLX and a circulating supply reported around 1,123,003 MTLX. Users interested in acquiring MTLX typically do so through supported trading venues. MTLX is an ERC-20 token on Ethereum with a fixed total supply of 40,000,000; token distribution is governed by the project's tokenomics, with a reserved supply of 35.94 million MTLX. No staking or yield-generation mechanism is described in the project's published documentation.

How to keep your Mettalex Coin safe?

Keeping MTLX safe starts with using a secure, self-custodial wallet that supports Ethereum-based ERC-20 tokens, and safeguarding your private keys and seed phrases offline. Because MTLX exists on both Ethereum and BSC, users should verify the correct network and token contract when managing assets. Mettalex published a blog titled "Security and Trust: Can You Let an AI Trade for You?" covering data privacy, smart contract vulnerabilities, and front-running, as well as a blog on the key risks of cross-chain perpetual trading. The project also addressed cross-chain perpetual trading risks and how its approach helps mitigate them. As with all crypto-assets, investing carries significant market risk, including extreme volatility and the potential loss of entire capital, so users should independently assess their financial capacity and consider consulting professional advisors.