$23.42M reserves for $23.42M market cap
- Not reported 100%
As of Nov 14, 2026 · On-chain · sources
01 · Backing chain
What M is backed by
Move the slider or press play to see the chain week by week since 2022.
Backed by: the reserves behind M, through every level
Backing on Nov 14, 2026, the last recorded day of its week. Backing from reports counts until the next report, for at most 140 days. Between two reports the values are estimated, see the settings.
02 · Composition over time
What the reserves were made of
Share of each reserve asset, or its value in USD at the time. Shares also shift when the price of a reserve asset changes. Gaps are periods without records.
Tap for the mix at a date.
Click reserve assets above to show only those.
03 · Backing ratio
Reserves against market cap
Daily, since market data is recorded. The composition reaches further back.
05 · Sources
Read from the chain
The collateral of the active minters as recorded by the M0 MinterGateway on Ethereum, which backs M on all chains, read from the chain every hour. Validators confirm each update on-chain. The composition of the collateral is not recorded on-chain. M on Monad gets the share of its supply.
- Price
- $1.01
- Market cap
- $23.42M
- Supply
- 23.11M
- Updated
- Nov 14, 2026