2024

Metaplex

Token

Foundation

Cayman Islands, Cayman Islands, December 4th, 2024, Chainwire
<a href="https://www.metaplex.com/" rel="noopener noreferrer nofollow" target="_blank">Metaplex</a>, the blockchain protocol used to create virtually every token, memecoin, and NFT on Solana, saw record-breaking protocol fees in November, fueled by a surge in digital asset creation on Solana.&nbsp;
<h1 id="strong-rise-in-solana-token-creation-drives-record-protocol-growth-strong">Rise in Solana Token Creation Drives Record Protocol Growth</h1>
As the protocol behind virtually all token creation on Solana, Metaplex has emerged as a primary beneficiary of the extraordinary surge in digital asset creation on the Solana network.
<img decoding="async" src="https://www.ethnews.com/wp-content/uploads/2024/12/AD_4nXeuA9nfjB1GolWS4a5PwM46gJHk56mMbGtZJ1OW3lkdok_1733292654M1m2sP5SSQ.jpeg">
This exponential level of activity, encompassing everything from memecoins to AI tokens and NFTs, directly contributes to Metaplex’s protocol fees. This increased protocol fee generation has in turn funded record-breaking $MPLX token purchases for the Metaplex DAO.
<img decoding="async" src="https://www.ethnews.com/wp-content/uploads/2024/12/AD_4nXemJY0f6tWvij7Lsi0d7pinLb4pry5keDSomA9xKOJPR9_1733292654HR3VXZmJPf.jpeg">
Since June 2024, 50% of the prior month’s protocol fees and a portion of the historical fees have been allocated to funding $MPLX token purchases for contribution to the DAO.&nbsp;&nbsp;
In November 2024, this culminated in 12k SOL worth of $MPLX purchases — equivalent to approximately $3 million at current prices, marking a substantial 58% increase month-over-month and signifying the largest monthly $MPLX token purchases to date.
Building on this momentum, Metaplex’s November protocol fees hit an all-time high of $3.5 million, setting the stage for even larger allocations for $MPLX purchases in December.
<h1 id="strong-record-breaking-metaplex-protocol-metrics-in-november-strong">Record-Breaking Metaplex Protocol Metrics in November</h1>
November’s protocol activity shattered previous records across multiple metrics:
<ul>
 <li>Metaplex saw extraordinary growth in fungible token creation, with 1.4M new tokens minted — marking a 56% increase month-over-month compared to the previous all-time high in October 2024 and a new monthly record. This represented 94% of all Token Metadata assets created, driven primarily by memecoin activity on platforms such as Pump.fun.</li>
 <li>Metaplex Core, the next generation NFT standard, demonstrated significant adoption with a new all-time high of 354k assets created, driven by expanded use cases made possible due to the standard’s flexible design.</li>
 <li>User engagement metrics surged as the number of unique wallets interacting with the Metaplex protocol reached 879k — a 34% increase from October and a new all-time high. The protocol’s total collector base expanded to nearly 60 million unique wallets, growing by over 860k in November alone.</li>
</ul>
<h2 id="strong-about-the-metaplex-protocol-strong">About the Metaplex Protocol</h2>
<a href="https://www.metaplex.com/" rel="noopener noreferrer nofollow" target="_blank">Metaplex</a> is the leading decentralized protocol on Solana and SVM, providing tools and programs for developers and creators to build decentralized applications that use digital assets. With a growing user base and a commitment to innovation, Metaplex is empowering the next wave of decentralized finance and commerce.
<h2 id="strong-about-the-metaplex-foundation-strong">About the Metaplex Foundation</h2>
The Metaplex Foundation is a Cayman Islands non-profit organization dedicated to supporting the development and growth of the Metaplex Protocol. By providing open-source tools and resources, the Foundation empowers developers, creators, and users worldwide to participate in a decentralized and inclusive digital economy.
Website: <a href="https://www.metaplex.com/" rel="noopener noreferrer nofollow" target="_blank">https://www.metaplex.com/</a>
X: <a href="https://x.com/metaplex" rel="noopener noreferrer nofollow" target="_blank">https://x.com/metaplex</a>
Discord: <a href="https://discord.com/invite/6FaDSP2zms" rel="noopener noreferrer nofollow" target="_blank">https://discord.com/invite/6FaDSP2zms</a>
<h5>Contact</h5>
Marketing Dan Forgd dan@forgd.com 
The post <a href="https://www.ethnews.com/metaplex-protocol-achieves-record-breaking-protocol-fees-in-november-2024/" rel="noopener noreferrer nofollow">Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024

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