Metaplex Unveils Indexing and Data Availability Network for Solana

• The Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024.
• Aura is a decentralized indexing and data availability platform designed to scale Solana and the Solana Virtual Machine network.
• The MPLX price rose 12% on the news and amid the overall cryptocurrency market rally.

The Metaplex Foundation, the non-profit organization that supports the Metaplex protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL).

The Metaplex Aura Network is a new platform launched by the Metaplex Foundation on September 23rd, which the company said complements the Solana Virtual Machine and Metaplex Program Library to provide real-time data availability over a decentralized network.

1/ Introducing Metaplex Aura, a decentralized indexing and data availability network @Solana And SVM provides the following features: $MPLX.

SVM + MPL + Aura = Full Stack for Distributed Applications 🦾

Learn more 👇 pic.twitter.com/AvoyggawKj

— Metaplex 🦾 (@metaplex) September 23, 2024

With Aura Network, Metaplex extends its developer solutions, giving builders access to three core network components: data availability, multi-program indexing, and elastic state management. Key benefits include flexibility, optimization, and scalability.

Aura nodes are powered by Metaplex’s native token, MPLX.

Metaplex has adopted a community approach to launch.

According to details in the blog post, the Metaplex Foundation has chosen a “community-driven approach” to bring the Metaplex Aura Network to market. This has included engaging Solana and SVM developers, who have provided feedback and given the Metaplex team the opportunity to explore the initial implementation.

Additionally, the launch has seen participation from over 25 unique projects ranging from NFT marketplaces, game developers, infrastructure providers and launchpads to creators and SVM layer 2 networks. Metaplex is open sourcing the code of the Aura platform, allowing developers around the world to contribute and benefit from the tools and protocols available.

Trading at around $0.36 early on Monday, MPLX has gained over 12% over the past 24 days. The gains have pushed the token price above $0.42. The buying pressure from the broader market rally has led to an 87% increase in daily volume to over $2.8 million.

The overall upward momentum helped the Aave price hit a two-year high in early trading. Arkham also surged as the AI ​​token surged.