Metaplex had a very strong October! The NFT-based platform has recently set off a new trend in the blockchain space, not only setting a new high in protocol revenue, but also breaking people's traditional impressions of it. 🤔

First of all, Metaplex's revenue reached 10,944 SOL in October, a month-on-month increase of 96%, which is one of the highest monthly records in history! This increase in revenue was mainly due to the minting of memecoin and the creation of Core core assets. More interestingly, Metaplex repurchased 3.25 million $MPLX with 10,000 SOL per month to support the development of the DAO. This model ensures that half of the protocol revenue is used for the continued development and governance of the DAO. What a smart strategy!

Speaking of memecoin, this is the star of October! Metaplex minted 907,000 new fungible tokens, a month-on-month increase of 154%, setting a new record. The rise of memecoin not only brought considerable income to Metaplex, but also diversified its influence in the field of decentralized finance.

In addition, the amount of Metaplex's Core assets minted also reached 346,000 in October, a month-on-month increase of 54%. The number of interactions between independent wallets and Metaplex also increased significantly, reaching 657,000, a month-on-month increase of 57%. These data all show that Metaplex's appeal is increasing, and more and more users and developers are attracted to it.

Metaplex also launched a number of new tools for developers in October, including guides for cNFT batch creation and Solana transaction error troubleshooting. The passage of the MIP-10 proposal also gives developers more control over cNFT asset IDs.

Metaplex is gradually transforming from a platform focused on NFTs to a diversified ecosystem, and the rise of memecoin is an important sign of this transformation. For blockchain enthusiasts, this is undoubtedly exciting news.

Friends, what do you think of these changes in Metaplex? Share your thoughts in the comments! For the full report, visit: Metaplex October Round-up.