Metaplex's October protocol revenue reached $2 million, with Genesis contributing 18%, setting a new historical high.

ChainCatcher news, Metaplex announced an October protocol revenue of $2 million, of which $1.1 million is used to repurchase approximately 5.3 million $MPLX (about 0.5% of the total supply), with the Genesis protocol contributing 18% of the revenue, the highest since its launch. Genesis is specifically designed for token issuance, helping teams successfully complete token issuance, and currently supports projects including DeFiTuna, Portals, Collector Crypt, Pipe Network, Exotic Markets, Play Solana, Goated, Shaga, dm.fun, Beamable Network, and others. Metaplex dominates 99% of token and NFT creation on Solana, with total protocol revenue exceeding $45 million. 50% of the protocol revenue each month will be used for $MPLX buybacks, and the income from October will be used for buybacks in November, continuously enhancing token value and ecological robustness.