Metaplex Protocol generates record protocol fees in November, driving growth and user engagement

From Investing.com

December 5, 2024 2:30:45 pm:

Metaplex, the blockchain protocol powering token, memecoin, and NFT creation on Solana, hit record protocol fees in November. The surge in digital asset creation on Solana drove this growth, leading to a substantial increase in $MPLX token purchases for the Metaplex DAO. In November, $3.5 million in protocol fees were generated, setting the stage for even larger allocations in December.

November’s protocol activity for Metaplex broke records in multiple areas. Fungible token creation saw a 56% increase month-over-month, with 1.4M new tokens minted. Metaplex Core, the NFT standard, reached a new all-time high of 354k assets created. User engagement metrics also surged, with nearly 60 million unique wallets interacting with the protocol. Metaplex is empowering decentralized finance and commerce on Solana and SVM with its innovative tools and programs.

The Metaplex Foundation, a non-profit organization based in the Cayman Islands, is dedicated to supporting the development and growth of the Metaplex Protocol. By providing open-source tools and resources, the Foundation enables developers, creators, and users worldwide to participate in a decentralized and inclusive digital economy. Website: https://www.metaplex.com/ Discord: https://discord.com/invite/6FaDSP2zms

For more information, the original article was published on Chainwire.

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