Metaplex (MPLX) Price

$0.16

Metaplex (MPLX) Price Today

The live price of Metaplex is 0.16 USD. In the past 24 hours, the trading volume of Metaplex was 9.7M USD, down by -5.70%. The current price has decreased by -10.30% from its 7-day high of 0.18 USD, and increased by 0.62% from its 7-day low of 0.16 USD. With a circulating supply of 999,982,516.00 MPLX, the market cap of Metaplex is currently 138.1M USD, down by -2.02% in the last 24 hours. Metaplex currently ranks #277 by market capitalization among cryptocurrencies.

Metaplex (MPLX) Market Data

Market Cap

$138.1M

24h Volume

$9.7M

Circulating Supply

830.1M MPLX

Maximum Supply

1B MPLX

Fully Diluted Market Cap

$166.3M

Liquidity Indicator

7.07%

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About Metaplex (MPLX)

What Is Metaplex (MPLX) and How Does It Work?

Metaplex (MPLX) is the governance and utility token that powers the Metaplex Protocol, a decentralized framework for creating, managing, and selling NFTs on the Solana blockchain. Launched to simplify NFT development, Metaplex provides key infrastructure tools such as Candy Machine (for minting NFTs), Auction House (for peer-to-peer trading), and Token Metadata (for managing asset data), all optimized for speed and low-cost execution on Solana.

The MPLX token allows holders to participate in decentralized governance over the protocol’s development and direction. This includes voting on protocol upgrades, treasury allocations, and changes to core tools. Metaplex is responsible for powering millions of NFTs across top Solana-based collections, enabling creators and developers to launch projects without centralized platforms or high fees. By aligning token incentives with the protocol’s growth, MPLX plays a central role in expanding the NFT ecosystem on Solana.

When Was Metaplex Launched?

Metaplex was founded in mid-2021 within Solana Labs as a core initiative to bring scalable NFT infrastructure to the Solana blockchain. The protocol officially debuted in June 2021 during the Bitcoin Miami conference, with its first public release developed in just under six weeks. Its founding team includes key figures such as Stephen Hess (former Head of Product at Solana Labs), Bartosz Lipinski, Austin Federa, and Nikhil Kumar. In August 2021, governance of the protocol transitioned to the Metaplex Foundation, a nonprofit organization responsible for maintaining and advancing the ecosystem's long-term development.

The Metaplex governance token, MPLX, was launched on September 20, 2022, through a community-focused airdrop that distributed approximately 54 million tokens to early users, creators, and developers. MPLX was subsequently listed on major global exchanges like FTX, KuCoin, and Huobi (with U.S. users initially excluded). The token has a maximum supply capped at 1 billion MPLX, allocated across the DAO treasury, strategic partners, contributors, and early builders. As a governance token, MPLX empowers holders to participate in the protocol's decision-making processes, including upgrades, treasury usage, and development priorities.

Metaplex Roadmap Highlights

- January 2022 ▸ Raised $46 million in strategic funding ▸ Led by Multicoin Capital, Solana Ventures, Animoca Brands, and others

- July 2022: Launched the Digital Asset Standard (DAS) and API for standardized NFTs and tokens on Solana

- November 2022: Released Bubblegum, a compressed NFT program to improve minting efficiency

- January 2023 ▸ Introduced Programmable NFTs ▸ Enabled enforced royalties and extended asset features

- April 2024 ▸ Launched Core, a cost-efficient single-account NFT standard ▸ Introduced MPL-404, a hybrid DeFi + NFT platform

- September – December 2024 ▸ Deployed Aura, a decentralized data indexing network for Solana and SVM ▸ Public beta launched in December 2024

- June – July 2025 ▸ Announced Genesis, a new Onchain Token Offering (OTO) framework ▸ First launch powered DeFiTuna’s token sale on July 22, 2025

What Is MPLX Token Used for?

Here are some key use cases for the Metaplex token:

- Utility within the Metaplex ecosystem: MPLX powers core features like minting (Candy Machine), trading, compressed NFTs, metadata indexing via Aura, and smart contract execution. It is used to pay fees, access advanced developer tooling, and fuel network operations.

- Governance & staking: MPLX grants holders voting rights in the Metaplex DAO over protocol upgrades, fee structures, and treasury management. Staking MPLX also enables participation in liquidity mining and validator programs, with rewards proportionate to contributions.

You can trade MPLX spot on BingX by first logging into the platform and navigating to the Spot section via the app or web interface. Then select the MPLX trading pair (e.g. MPLX/USDT), choose your order type, market or limit, enter the amount, and confirm to buy or sell instantly.

What Is Metaplex Tokenomics?

Metaplex (MPLX) has a maximum supply of 1 billion tokens, with a structured allocation aimed at supporting long-term ecosystem growth, decentralized governance, and community participation. The token serves both utility and governance functions within the Metaplex Protocol, enabling holders to vote on proposals, access protocol features, and contribute to platform upgrades.

MPLX Token Allocation Breakdown

- Metaplex DAO Treasury – 38%: Used to fund community grants, ecosystem incentives, and protocol development.

- Ecosystem Development – 25%: Supports strategic partnerships, third-party app builders, and NFT creators.

- Early Contributors & Core Team – 22%: Reserved for founders, developers, and early supporters with long-term vesting schedules.

- Strategic Partners & Investors – 12%: Allocated to backers from early funding rounds.

- Airdrop & Community Launch – 3%: Distributed to creators, collectors, and developers through the 2022 MPLX airdrop.

Most team and investor tokens are subject to 12–36 month lockups and linear vesting, ensuring gradual release and ecosystem stability.

How Big Is the Metaplex Ecosystem?

The Metaplex ecosystem is one of the largest and most active developer communities in Web3, serving as the backbone for NFTs and token creation on the Solana blockchain. As of July 2025, it has enabled the creation of over 920 million digital assets, processed more than $10.35 billion in transaction value, and supported over 11.4 million unique signers. Metaplex powers nearly every NFT and token issued on Solana through its Digital Asset Standard (DAS), robust program libraries, and decentralized indexing layer (Aura), making it an essential foundation for thousands of applications, wallets, games, and marketplaces across the Solana Virtual Machine (SVM) ecosystem.

What Blockchain Network Does Metaplex Operate on?

Metaplex operates on the Solana blockchain, leveraging its high-speed, low-cost infrastructure to enable seamless creation, management, and trading of digital assets. Designed specifically for Solana’s architecture, Metaplex provides core tools like the Digital Asset Standard (DAS), Candy Machine, and Bubblegum for NFT and token issuance. It supports both traditional NFTs and compressed NFTs, and its protocols are deeply integrated into Solana-based wallets, marketplaces, and applications. By building directly on Solana and the SVM, Metaplex ensures scalability, on-chain performance, and interoperability across the growing Solana ecosystem.

Which Wallets Support MPLX Tokens?

The most straightforward option for users trading MPLX on BingX is to keep tokens directly in your BingX spot wallet. This allows instant access to spot trading, staking, lending, and other earning features, without needing to transfer tokens elsewhere. BingX maintains strong exchange security, supports two-factor authentication, and enables seamless fund access once purchased on-platform.

For self-custody enthusiasts, several Solana-compatible wallets support MPLX. Popular software wallets include Solflare, TokenPocket, Coin98, Assure Wallet, SimpleHold, Coinhub, and Wirex, all offering mobile or browser extension access and integrated swap features for MPLX. Hardware wallet options (e.g. Ledger Nano X, S Plus, and Stax) paired with Solana‑compatible interfaces like Solflare provide maximum security. For long-term holders seeking offline protection, devices like Tangem also support secure MPLX storage.

Is Metaplex (MPLX) a Good Investment?

Metaplex (MPLX) stands out as a high-potential investment due to its near-total dominance of digital asset issuance on Solana, handling over 99% of NFTs and around 90% of fungible tokens via its tools like Bubblegum, Core, and Candy Machine, making it the foundational infrastructure for Solana’s token economy. The protocol’s strong revenue model has proven successful: Metaplex charges minimal fees per asset mint and channels 50% of monthly protocol revenues into token buybacks, steadily reducing circulating supply and supporting price appreciation. With institutional backing from major crypto funds and its essential role across thousands of applications, Metaplex is widely viewed as undervalued relative to its influence, and poised for long-term growth.

Additionally, Metaplex has no meaningful direct competitors on Solana, giving it strong structural resilience and a durable “moat” underpinned by ecosystem lock-in and protocol-level standardization. As the protocol expands beyond NFTs, building tools for fungible tokens, data indexing with Aura, and cross-chain integration, MPLX utility broadens accordingly. Combined with its growth-oriented tokenomics (e.g., buybacks, DAO governance, and protocol fee captures), MPLX offers both foundational usability and compelling upside potential in crypto-native infrastructure markets.

Information source

Official Website

Whitepaper

Metaplex (MPLX) Price Converter

MPLX to USD

1 MPLX = $ 0.16

MPLX to VND

1 MPLX = ₫ 4,360.96

MPLX to EUR

1 MPLX = € 0.14

MPLX to TWD

1 MPLX = NT$ 4.94

MPLX to IDR

1 MPLX = Rp 2,722.43

MPLX to PLN

1 MPLX = zł 0.61

MPLX to UZS

1 MPLX = so'm 2,078.67

MPLX to JPY

1 MPLX = ￥ 24.51

MPLX to RUB

1 MPLX = ₽ 13.28

MPLX to TRY

1 MPLX = ₺ 6.75

MPLX to THB

1 MPLX = ฿ 5.36

MPLX to UAH

1 MPLX = ₴ 6.95

MPLX to SAR

1 MPLX = ر.س 0.62

Metaplex Price Converter

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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