In November 2024, Metaplex's protocol fees surged to an all-time high of $3.5 million, driven by a significant rise in digital asset creation on Solana.
The increase in token creation on Solana led to record-breaking protocol fees for Metaplex, which in turn enabled $MPLX token purchases for the DAO.
With a 58% month-over-month increase, November 2024 saw the largest $MPLX token purchases to date, amounting to approximately $3 million.
Metaplex experienced extraordinary growth, minting 1.4 million new tokens in November, a 56% month-over-month increase, primarily driven by memecoin activity.
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