Meter Governance
MTRG
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Meter Governance (MTRG) is the governance and staking token for the Meter blockchain network. Across all evaluated dimensions, the project demonstrates severe decline and dormancy. Active development has stalled with no verifiable shipping or upgrades since 2021, and community governance activity during 2025-2026 is nonexistent. Tokenomics are impaired by undocumented emission schedules, low circulating liquidity, and an estimated market cap of ~$500K. The token has lost over 99.9% of its value from its all-time high with negligible trading volume. From a security standpoint, the project experienced a protocol hack in February 2022 documented by Halborn, and lacks a verified third-party audit report in the provided data. Overall, the combination of developer inactivity, liquidity collapse, and lack of ecosystem traction poses substantial downside risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Meter Governance (MTRG)
Meter Governance (MTRG) is the governance and staking token for the Meter network, a Layer 1 blockchain architecture launched in 2018 that utilizes a HotStuff-based Proof of Stake (PoS) consensus mechanism. In addition to operating on its native chain, the token exists across external networks, including Ethereum (as eMTRG), BNB Chain, and Theta via smart contracts.
The MTRG token is designed to manage the protocol's monetary policy parameters and secure the network. Token holders can participate in governance by staking assets directly as validators or delegating them to nodes, receiving transaction fees paid in MTR. While the token has defined governance and staking utilities, its tokenomics framework presents inconsistencies in reported total supply figures (ranging between 49 million and 74 million) and lacks publicly documented vesting and emission schedules.
The project faces significant operational, technical, and market challenges. In February 2022, the Meter.io protocol experienced a security hack documented by cybersecurity firm Halborn. Available evaluations also note an absence of verified completed code audits by named security firms. Furthermore, the network exhibits severe project dormancy, characterized by a lack of verifiable software upgrades or shipping activity since 2021, absent governance proposal activity in 2025–2026, thin trading liquidity, and a price drawdown of more than 99.9% from its all-time high.