Market cap
$22.64M
0.21 %
Volume (24h)
$163.53K
0.21 %
Circulating supply
833,017,944 MPLX
Total supply
1,000,000,000 MPLX
Max. supply
1,000,000,000 MPLX
Metaplex (MPLX)
$ 0.05
0.21 %
Main info
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Key data
updated $0Market cap$22.64M
Volume 24h$163.53K
Circulating supply833.02M83% of max 1B
All-time high$0.9-95% from peak · 2022-09-19
Metaplex (MPLX) is the native token of the Metaplex protocol — the set of on-chain tools that powers the vast majority of NFTs minted on the Solana blockchain. In plain terms, Metaplex provides the standard that lets creators attach names, images, and other details to the tokens they mint, while MPLX lets the community govern that ecosystem. Holders can vote on protocol decisions and stake their tokens to earn a share of the fees the protocol collects.
Frequently asked questions
What is Metaplex (MPLX), and how is it different from other crypto projects?
Metaplex is a protocol on Solana that provides the standard for creating NFTs and tokenized assets — most NFTs on Solana are minted through its programs. Unlike standalone blockchains, MPLX is an application-level token: it doesn't run its own network but governs and supports the Metaplex ecosystem built on top of Solana.
How does the technology behind Metaplex work?
Metaplex consists of on-chain programs (Solana's version of smart contracts), such as Token Metadata and Core, which attach rich information — names, symbols, images, attributes — to tokens. MPLX itself is an SPL token that rides on Solana's infrastructure, where a Proof of Stake consensus combined with Proof of History keeps transactions fast and cheap.
How is the supply of MPLX structured — is there inflation?
MPLX has a fixed hard cap of 1,000,000,000 (one billion) tokens, and no coins can ever be minted beyond that limit. The initial supply was largely distributed through an airdrop to Solana NFT creators and collectors, with the remainder held by the Metaplex Foundation and the DAO treasury. Staking rewards are funded by protocol fees rather than by printing new tokens.
How do you store and use MPLX?
Because MPLX is an SPL token, it can be stored in any Solana-compatible wallet, such as Phantom, Solflare, or Backpack, including hardware wallets that support Solana. Typical uses include voting on proposals in the Metaplex DAO, staking to earn a share of protocol fees, and interacting with Metaplex-based apps and marketplaces.