Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»CRYPTO NEWS»Metaplex Protocol Achieves Record Protocol Fees in November 2024
CRYPTO NEWS

Metaplex Protocol Achieves Record Protocol Fees in November 2024

By Crypto FlexsDecember 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Metaplex Protocol Achieves Record Protocol Fees in November 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Cayman Islands, Cayman Islands, December 4, 2024, Chainwire

metaplexthe blockchain protocol used to create virtually all tokens, memecoins, and NFTs on Solana, recorded record protocol fees in November, driven by a surge in digital asset creation on Solana.

Metaplex, the protocol underpinning nearly all of Solana’s token creation, has emerged as a major beneficiary of the Solana Network’s surge in digital asset creation.

Covering everything from memecoins to AI tokens and NFTs, this exponential level of activity directly contributes to Metaplex’s protocol fees. This increased protocol fee generation helped fund record-breaking $MPLX token purchases for the Metaplex DAO.

From June 2024, 50% of the previous month’s protocol fees and a portion of past fees have been allocated to funding. $MPLX Purchase tokens to contribute to the DAO.

In November 2024, this peaked at a value of 12,000 SOL. $MPLX Purchases — equivalent to approximately $3 million at current prices, represent a significant 58% increase month-on-month and represent the largest monthly volume. $MPLX Token purchases so far.

Building on this momentum, Metaplex’s November protocol fees hit a record high of $3.5 million, setting the stage for a larger allocation for $MPLX purchases in December.

Protocol activity in November shattered previous records across multiple metrics.

  • Metaplex has seen incredible growth in fungible token creation. 1.4 million new tokens issued – mark Monthly increase of 56% compared to the previous month’s high A new monthly record was reached in October 2024. This represents 94% of all token metadata assets generated primarily by memecoin activity on platforms such as Pump.fun.
  • Metaplex Core, the next-generation NFT standard, is a new technology that has seen significant adoption. 354,000 assets created, an all-time highThe flexible design of the standard enables expanded use cases.
  • User engagement metrics have skyrocketed as the number of unique wallets interacting with the Metaplex protocol has reached. 879,000 – 34% increase It has been hitting record highs since October. The protocol’s total aggregator base has expanded to nearly 60 million unique wallets, growing by more than 860,000 in November alone.

Metaplex Protocol Information

Metaplex is the leading decentralized protocol from Solana and SVM, providing tools and programs for developers and creators to build decentralized applications using digital assets. With a growing user base and commitment to innovation, Metaplex is powering the next generation of decentralized finance and commerce.

About Metaplex Foundation

The Metaplex Foundation is a Cayman Islands non-profit organization dedicated to supporting the development and growth of the Metaplex protocol. The Foundation helps developers, creators, and users around the world participate in a decentralized and inclusive digital economy by providing open source tools and resources.

Website: https://www.metaplex.com/

X: https://x.com/metaplex

Discord: https://discord.com/invite/6FaDSP2zms

contact

marketing
and
ford
dan@forgd.com

Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

A Shiba Inu whale transfers 1.75 trillion SHIB, worth $39.2 million, to this new Ethereum token.

May 8, 2024

Taiko solves the distribution of rewards of the Season 3 Trail Blazer.

May 25, 2025

VanEck predicts that Ethereum will reach up to $154,000 by 2030.

June 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.