Metal Dollar (XMD) market snapshot:
Price $0.997429, market capitalization $834.41K,
and reported 24-hour volume $1.41M.
Trading activity:
Reported 24-hour volume equals 169.07% of market capitalization. The local markets snapshot lists Metal X among venues with observed trading activity.
YearBull indicators:
This asset is classified as a stablecoin and is excluded from the analytical YearBull Rank, Bull Score, YB Market Risk, and Cycle sequence.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 90 days available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Metal Dollar (XMD)?
Source description
“What is the project about? The Metal Dollar (XMD) represents an innovative approach to stablecoins, operating on the Proton Blockchain. Its design brings increased stability, transparency, and efficiency to digital transactions. Uniquely, XMD is backed by an array of established, non-algorithmic bank reserve-backed stablecoins, including USDC, USDT, and PAX, a method intended to mitigate risks associated with single-issuer or algorithmic stablecoins and enhance stability. What makes your project unique? The Metal Dollar distinguishes itself from traditional stablecoins by pegging its value to a selection of established stablecoins, providing an innovative approach to stability and governance. It utilizes the Proton Blockchain's features to enable secure, efficient transactions with swift confirmation times, high throughput, and low fees. The project is also characterized by a decentralized governance model supported by the Metal DAO (XMT) token. XMT token holders can propose and vote on crucial decisions concerning the Metal Dollar protocol, facilitating a democratic and inclusive management over the protocol's direction. History of your project. The Metal Dollar project came into existence in 2022 as a response to the growing demand for stability and reliability in the crypto market. It aims to combine the benefits of non-algorithmic bank reserve-backed stablecoins with the transparency, security, and efficiency offered by the Proton Blockchain. What’s next for your project? Plans for XMD include collaborations with industry stakeholders to increase its reach and enhance functionality. Future developments envision interoperability with other blockchain networks and increased integration with DApps. What can your token be used for?”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Recorded network: native asset or no separate token platform identified
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Metal Dollar (XMD) FAQ
How does XMD use a basket of stablecoins rather than a single reserve asset?
The project says XMD is backed by a basket of established, non-algorithmic, bank reserve-backed stablecoins, including USDC, USDT, and PAX. This structure is presented as a way to reduce reliance on any single issuer or algorithmic mechanism. The token’s value is described as being pegged to the basket of supported stablecoins, although the project does not specify the precise weighting or rebalancing process.
What role does the Proton Blockchain play in XMD transactions?
XMD operates on the Proton Blockchain, which the project presents as enabling secure and efficient transfers with fast confirmation times, high throughput, and low fees. These characteristics are intended to support the token’s use in digital transactions and on ProtonDEX.com. The project does not specify independent performance measurements or the exact fee schedule for XMD activity.
How does the Metal DAO govern the Metal Dollar protocol?
Governance is associated with the Metal DAO and its XMT token. According to the project, XMT holders can propose and vote on important decisions affecting the Metal Dollar protocol. This is presented as a decentralized and inclusive approach to managing the protocol’s direction. The project does not set out the voting thresholds, proposal requirements, quorum rules, or procedures for executing approved decisions.
How is XMD minted through bridged stablecoins?
The project states that minting XMD involves bridging supported stablecoins onto the Proton Blockchain. XMD can then be used for transactions on ProtonDEX.com, while its value is described as pegged to the basket of supported stablecoins. The project does not specify the complete minting workflow, redemption process, collateral ratios, or controls used to manage the bridged assets.
What future expansion does the project associate with XMD?
The project says it plans to collaborate with industry stakeholders to expand XMD’s reach and functionality. It also describes possible future interoperability with other blockchain networks and greater integration with decentralized applications. These are stated plans rather than completed features, and no particular partners, supported networks, applications, or delivery timetable are identified.
Metal Dollar metric comparison
This comparison is a stored snapshot generated 2026-10-23 06:31 UTC from 293 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$0.9896
$0.9971
$0.9872
-0.8%
n/a
Market cap
$827.8K
$834.1K
$825.8K
-0.8%
P63.4
YearBull Rank
n/a
n/a
n/a
n/a
n/a
Bull Score
n/a
n/a
n/a
n/a
n/a
Turnover
203.48%
250.82%
148.28%
-47.3 pts
P98.7
YB Market Risk
n/a
n/a
n/a
n/a
n/a
Cycle
Stable
Stable
Stable
Unchanged
n/a
Median absolute daily movement 0.69%; distance from the highest local daily price -3.4%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank update
YearBull Rank data is not available at the moment for metal-dollar.
Rank timeline (last 365 days)
Rank history is still being collected.The rank timeline will appear after two valid daily YearBull Rank snapshots are available.
Rank movement (time windows).
Reading rule: a smaller rank number indicates stronger placement.
7d window: current rank not available.
30d window: current rank not available.
Rotation context: Compare the 30d move with the 7d move to see if momentum is accelerating or fading.
Risk context: If it improves then retraces fast, treat it as rotation pressure.
Route context: If rank moves sharply, it may reflect venue mix changes rather than fundamentals.
Liquidity view: If the line flatlines, the coin may be moving with its liquidity peers.
YearBull Rank is a comparative index on YearBull that helps contextualize a coin’s position versus others over time. Smaller numbers mean the coin sits higher in the YearBull list.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Stored venue snapshot. Markets last checked: 2026-07-27. Updated on a rolling basis; no fixed refresh date is promised. Venue listings and volumes are stored snapshots, not live quotes.
