MPLX (Metaplex) up 41.53% in 24 hours

Gate News, July 3 — According to Gate data, as of press time, MPLX (Metaplex) is currently quoted at $0.02098, up 41.53% in 24 hours, with a high of $0.03511 and a low of $0.0203. The 24-hour trading volume reached $198,400, and the current market cap is approximately $10.7752 million.

Metaplex is an open-source protocol for creating and using digital assets on the Solana blockchain. As the foundational protocol for NFTs on Solana, Metaplex will support the adoption of mainstream Web3 assets. By providing low-cost, permissionless standards and library repositories, Metaplex empowers the next generation of NFT projects.

The Metaplex protocol consists of three main components: the Digital Asset Standard defines token metadata for fungible, semi-fungible, and non-fungible tokens, supporting use cases in art, collectibles, gaming, identity, and music; the Metaplex Program Library (MPL) provides on-chain functionality for applications to create, sell, buy, or trade digital assets; and META is the governance token of the Metaplex protocol and Metaplex DAO.

Additionally, the Metaplex Foundation offers developers sophisticated tools for extending and deploying the protocol, including SDKs and reference applications. These tools accelerate Metaplex's broad integration into products such as OpenSea, Phantom, FTX, and Instagram. As of now, 99% of tokens and NFTs on Solana are created by Metaplex, with over 923 million tokens and NFTs minted on the ecosystem, facilitating a total transaction value exceeding $10 billion.

This message is not investment advice. Investment involves market volatility risks.