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MetaplexMPLX

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Metaplex Protocol Revenue

Track how Metaplex protocol revenue flows to MPLX holders through fees, buybacks, and value accrual mechanisms.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
Revenue Verifiability
Verified and Transparent
Value Accrual Types
Buyback
Token Contract VerificationSmart Contract Address
Revenue to Holders
50%
0%100%
Revenue StatementAug 2026 *Jul 2026Jun 2026May 2026Apr 2026Mar 2026Feb 2026Jan 2026Dec 2025Nov 2025Oct 2025Sep 2025Aug 2025
Gross Revenue$81.9K$141.1K$116.4K$125.6K$117.8K$199.9K$245.2K$599.0K$467.4K$1.1M$2.0M$2.5M$60.0K
Cost of Revenue$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0$0.0
Net Revenue$81.9K$141.1K$116.4K$125.6K$117.8K$199.9K$245.2K$599.0K$467.4K$1.1M$2.0M$2.5M$60.0K
Protocol Revenue$40.9K$70.5K$58.2K$62.8K$58.9K$99.9K$122.6K$299.5K$233.7K$529.2K$996.6K$1.2M$30.0K
Holder Revenue$40.9K$70.5K$58.2K$62.8K$58.9K$100.0K$122.6K$299.5K$233.7K$529.2K$996.6K$1.2M$30.0K
Buyback & Hold (100%)$40.9K$70.5K$58.2K$62.8K$58.9K$100.0K$122.6K$299.5K$233.7K$529.2K$996.6K$1.2M$30.0K
Revenue Flow
Breakdown of gross revenue into costs, net revenue, and holder revenue.
MPLX Protocol Revenue
Visualizes gross revenue, net revenue, and holder revenue over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
MPLX Revenue vs Unlocked Tokens
Gross revenue vs token unlocks over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
Unlocked Emissions

MPLX Protocol Revenue FAQ

Key questions and answers about Metaplex revenue, fees, and token value accrual

How does Metaplex generate revenue?

Metaplex generated $48.0M in gross revenue from May 2023 to Aug 2026 (1186 days), with $48.0M retained as net revenue. $24.0M accrued to MPLX token holders. Its primary token utilities include Standard 1:1.

This averages $$40.5K in daily gross revenue across the tracked period.

How does the MPLX token accrue value?

MPLX accrues value through 1 mechanism: Buyback & Hold.

  • Buyback & Hold: 50% of all protocol fees are used to buy back MPLX tokens on the open market and hold them in the Metaplex DAO treasury. The DAO has accumulated 73.8 million MPLX (7.4% of total supply) through buybacks, making it the largest token holder with 231 million MPLX total.

Does Metaplex burn MPLX tokens?

Yes, Metaplex burns or redistributes MPLX tokens via Buyback & Hold. In 2026, approximately $813.5K worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

  • 2026: $813.5K
  • 2025: $12.1M
  • 2024: $9.6M

How do MPLX tokenomics work?

MPLX serves 1 primary function within the Metaplex ecosystem: Standard 1:1. The protocol generates fees from user activity, with a portion distributed back to MPLX holders. Value flows back to token holders through Buyback & Hold.

Token utilities:

  • Standard 1:1: MPLX token holders exercise one-token-one-vote governance within the Metaplex DAO, with a minimum of 200 MPLX to submit proposals, 66% approval threshold, and 6% quorum requirement.

Value accrual mechanisms:

  • Buyback & Hold: 50% of all protocol fees are used to buy back MPLX tokens on the open market and hold them in the Metaplex DAO treasury. The DAO has accumulated 73.8 million MPLX (7.4% of total supply) through buybacks, making it the largest token holder with 231 million MPLX total.

What is Metaplex's gross revenue used for?

In 2026, Metaplex generated $1.6M in gross revenue. Of that, $813.5K was distributed to token holders, $813.5K was retained as protocol revenue (treasury).

Year-by-year revenue breakdown:

  • 2026: $1.6M gross revenue — $813.5K to holders, $813.5K to protocol
  • 2025: $24.3M gross revenue — $12.1M to holders, $12.1M to protocol
  • 2024: $19.1M gross revenue — $9.6M to holders, $9.6M to protocol

Is Metaplex's gross revenue growing or declining?

Metaplex's gross revenue has decreased by 21.6% over the past 90 days compared to the prior 90-day period, from $428.1K to $335.8K.

  • Recent 90d daily average: $3.8K/day
  • Prior 90d daily average: $4.8K/day

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