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Metaplex

Metaplex is Solana's decentralized NFT infrastructure aiming to create the “World’s NFT Protocol” by providing NFT communities with development tools and open standards for digital asset issuance and ownership on-chain. The protocol consists of four smart contracts that make up a “contract ecosystem”, namely: Token Metadata (attaches metadata to an NFT), Token Vault (escrows tokens in a “safety deposit box”), Auction (tracks participant activity and collects money from auction winners), and Metaplex (disburses NFTs to auction winners and handles all royalty payments).

What is Metaplex?

Metaplex is a decentralized protocol built on the Solana blockchain, designed to facilitate the creation, sale, and management of digital assets. It offers tools and standards for developers, creators, and businesses to build decentralized applications, powering a wide range of digital assets including NFTs, fungible tokens, real-world assets (RWAs), gaming assets, and more. Since its launch in August 2021, Metaplex has been instrumental in the minting of over 20 million NFTs, serving over 5.9 million unique collectors, and accounting for over 99.9% of the Solana NFT market. Its mission is to accelerate the adoption of NFTs by simplifying the technical complexities involved in their lifecycle, from minting to trading.

How Does Metaplex Work?

Metaplex operates through a set of smart contracts and programs on Solana that define the metadata, ownership, and royalties for digital assets. Its Digital Asset Standard (DAS) ensures interoperability and liquidity across various asset types. Key components include programs for creating fungible and non-fungible tokens, managing collections, setting up auctions, and defining perpetual royalties for creators. This standardized approach has been instrumental in the proliferation of digital collectibles on Solana, enabling a vibrant ecosystem of creators, collectors, and developers.

What Makes Metaplex Unique?

Metaplex stands out due to its comprehensive suite of tools and open-source standards that empower artists, creators, and brands to launch their digital collectibles and build decentralized marketplaces without needing extensive blockchain development expertise. Its Core standard redefines NFTs and digital assets on Solana, offering better efficiency, lower costs, and more flexibility. Core introduces a single-account design, reducing minting costs and improving network performance. It also supports programmable assets through a plugin system, allowing for features like built-in staking, dynamic attributes, and delegated permissions. Additionally, Metaplex's focus on the high-performance Solana blockchain ensures that NFT transactions are fast and cost-effective, which is crucial for fostering widespread adoption and enhancing user experience.

Who Are the Founders of Metaplex?

Metaplex was founded by a group of individuals with diverse backgrounds in technology, blockchain, and digital art. However, specific details about the individual founders and their expertise are not readily available in the provided sources.

Latest News

What Key Events Have There Been for Metaplex?

In March 2025, Metaplex achieved several significant milestones: nearly 900,000 fungible tokens were minted, bringing the cumulative total to over 14 million tokens created to date; Binance Wallet announced support for $MPLX, enabling direct trading and swaps, accompanied by a launch campaign; the Metaplex Earn Season 1 (Forgd) concluded, successfully boosting $MPLX on-chain liquidity, achieving approximately $4 million in total value locked (TVL) in the MPLX-JitoSOL Orca pool, and generating $47,000 in maker fees for retail liquidity providers; protocol fees surpassed $1.4 million in March, despite market volatility and a reduction in Solana on-chain activity; and 6,825 SOL of Metaplex protocol fees were used to buy back 4.8 million $MPLX (~0.5% of total supply) for the Metaplex DAO.

Project Announcements

In February 2025, Metaplex continued to support builders through DAO-backed grants and the Grants Working Group led by core members from Deanslist, funding projects that push on-chain adoption and expand the utility of Core and MPL-404 powered assets. OneMugCoffee received a grant to develop an on-chain revenue-sharing system for e-commerce, integrating Core to redefine ownership and digital identity in consumer brands. Additionally, Rubians secured a grant to advance Core support in the Solana Godot SDK and their upcoming game BigDiggas. Furthermore, Metaplex Improvement Plan 11 (MIP-11) passed, introducing Core Groups to the Core program, allowing 1/1s and Master Editions to be organized under a single structure, similar to collections in Token Metadata.

Upcoming Events

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Projects Announcements

Where to Buy Metaplex?

Metaplex (MPLX) tokens can be traded on several exchanges, including HTX, Gate.io, CoinEx, KuCoin, CoinW, XT, Bybit, and Bitrue. The most popular trading pair is MPLX/USDT, with HTX having the highest trading volume among these exchanges.

Metaplex Price

Daily Trading Volume

As of July 4, 2025, the daily trading volume for Metaplex (MPLX) is approximately $3.68 million, reflecting a 60.7% increase over the previous 24 hours.

All-Time High

The all-time high for MPLX was $0.8912 on September 20, 2022, which is approximately 86.44% higher than the current price.

All-Time Low

The all-time low for MPLX was $0.02605 on May 10, 2023, which is approximately 363.81% lower than the current price.

Market Cap and Valuation

Market Cap

As of July 4, 2025, the market capitalization of Metaplex (MPLX) is approximately $91.32 million, ranking it at #349 among cryptocurrencies.

Fully Diluted Valuation

The fully diluted valuation (FDV) of MPLX is approximately $120.82 million, considering the total supply of 1 billion MPLX tokens.

Metaplex Price Prediction

While specific price predictions for Metaplex (MPLX) are not readily available, factors influencing the token's price include market sentiment, adoption rates, protocol developments, and overall trends in the cryptocurrency market. It's important to note that cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Investors should conduct thorough research and consider multiple factors before making investment decisions.

FAQ

What is the Purpose of Metaplex?

How Can I Participate in Metaplex's Ecosystem?

What Sets Metaplex Apart from Competitors?

Is Metaplex Secure?

What are the Risks Associated with Metaplex?

Community Sentiment

8.83K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.