MetaplexMPLX

Metaplex generated $49.4M in gross revenue from May 2023 to Oct 2026 (1231 days), with $49.4M retained as net revenue. $24.7M accrued to MPLX token holders. Its primary token utilities include Standard 1:1.

This averages $$40.2K in daily gross revenue across the tracked period.

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.

Yes, Metaplex burns or redistributes MPLX tokens via Buyback & Hold. In 2026, approximately $1.2M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $1.2M
• 2025: $12.4M
• 2024: $9.6M

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.

In 2026, Metaplex generated $2.3M in gross revenue. Of that, $1.2M was distributed to token holders, $1.2M was retained as protocol revenue (treasury).

Year-by-year revenue breakdown:

• 2026: $2.3M gross revenue — $1.2M to holders, $1.2M to protocol
• 2025: $24.7M gross revenue — $12.4M to holders, $12.4M to protocol
• 2024: $19.3M gross revenue — $9.6M to holders, $9.6M to protocol

Metaplex's gross revenue has decreased by 33.9% over the past 90 days compared to the prior 90-day period, from $620.0K to $409.7K.

• Recent 90d daily average: $4.6K/day
• Prior 90d daily average: $6.9K/day