<strong>Cayman Islands, Cayman Islands, December 4th, 2024, Chainwire</strong>

&nbsp;

<a href="https://www.metaplex.com/" target="_blank" rel="nofollow noopener"><strong>Metaplex</strong></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.
<h1><strong>Rise in Solana Token Creation Drives Record Protocol Growth</strong></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 src="https://www.cryptoknowmics.com/news/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 src="https://www.cryptoknowmics.com/news/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 <strong>$MPLX </strong>token purchases for contribution to the DAO.

In November 2024, this culminated in 12k SOL worth of <strong>$MPLX </strong>purchases — equivalent to approximately $3 million at current prices, marking a substantial 58% increase month-over-month and signifying the largest monthly <strong>$MPLX</strong> 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><strong>Record-Breaking Metaplex Protocol Metrics in November</strong></h1>
November's protocol activity shattered previous records across multiple metrics:
<ul>
 	<li>Metaplex saw extraordinary growth in fungible token creation, with <strong>1.4M new tokens minted</strong> — marking a <strong>56% increase month-over-month compared to the previous all-time high</strong> 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 <strong>all-time high of 354k assets created</strong>, 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 <strong>879k — a 34% increase </strong>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><strong>About the Metaplex Protocol</strong></h2>
<a href="https://www.metaplex.com/" target="_blank" rel="nofollow noopener">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><strong>About the Metaplex Foundation</strong></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/" target="_blank" rel="nofollow noopener">https://www.metaplex.com/</a>

X: <a href="https://x.com/metaplex" target="_blank" rel="nofollow noopener">https://x.com/metaplex</a>

Discord: <a href="https://discord.com/invite/6FaDSP2zms" target="_blank" rel="nofollow noopener">https://discord.com/invite/6FaDSP2zms</a>

&nbsp;
<h5>Contact</h5>
<strong>Marketing</strong>
<strong>Dan</strong>
<strong>Forgd</strong>
<strong>dan@forgd.com</strong>

Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024

Metaplex has emerged as a primary beneficiary of the extraordinary surge in digital asset creation on the Solana network.

Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024

Top Picks