Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024 ...Middle East

Metaplex, 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. Rise in Solana Token Creation Drives Record Protocol GrowthAs 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.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 Me

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Metaplex Protocol Achieves Record-Breaking Protocol Fees in November 2024 ...Middle East

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