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Messari has released its quarterly community report on Metaplex, highlighting key metrics, protocol updates, and adoption trends from Q4 2024. Here are the essential insights:
Metaplex by the Numbers
Fungible tokens minted surpassed 10 million in Q4.
Daily fungible token mints via Token Metadata increased 155% QoQ to an all-time high of 39,200.
Core NFT mints surged by 244% QoQ, hitting 12,000 daily mints.
Compressed NFT (cNFT) mints via Bubblegum rose 350% QoQ to 2.2 million daily.
Protocol fees hit a record 34,000 SOL (+13% QoQ), enabling the buyback of 18.4 million $MPLX tokens (+40% QoQ).
Aura Network achieved over 150 million read requests with 99.9999% data consistency.
Core and Token Metadata Optimization
Core solidified its position as the standard with lower minting costs and enhanced functionality, including the new "Execute" feature allowing NFTs to autonomously sign transactions.
Token Metadata optimization reduced account size, making Solana more cost-efficient. Metaplex also began the process to transition Token Metadata into Solana's first immutable digital asset standard.
Aura Network Adoption
Aura, Metaplex's decentralized data network for Solana and the SVM, saw substantial adoption, reaching public beta in December and demonstrating high reliability and scalability.
MPLX token utility expanded with Aura, requiring MPLX for data access and, in the future, node operation.
Ecosystem Growth
Metaplex's infrastructure continues widespread adoption, powering integrations across:
Marketplaces (e.g. Magic Eden, Tensor, SolSniper)
Wallets (e.g. Phantom, Backpack, Solflare)
DePIN (e.g. Helium Mobile, Hivemapper)
AI & Gaming platforms (e.g. Griffain, SendAI, SEND)
SVM L2 networks (e.g. Eclipse, Sonic, SOONVM)
Governance and Earn Campaigns
$MPLX holders actively participated in governance, approving significant initiatives like Metaplex Earn Season 1, boosting MPLX liquidity to over $7 million.
Future governance proposals continue to focus on ecosystem incentives and strategic expansions.
Future Outlook
Metaplex remains a cornerstone of the digital asset economy on Solana and the SVM, continually setting new benchmarks in asset creation, network usage, and protocol improvements. As the SVM ecosystem grows, Metaplex is set to further extend its influence and innovation across onchain applications and infrastructure.
Read the complete Messari report here: Messari Q4 2024 Metaplex Report
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