In the fourth quarter of 2024, the total number of fungible tokens minted on the Metaplex platform exceeded 10 million. The average daily minting of fungible tokens through the Token Metadata program saw a month-over-month increase of 155%, rising from 15,400 to a record 39,200, compared to just 3,600 in the fourth quarter of 2023, marking an annual growth of over 10 times. Additionally, the daily minting volume of Metaplex's advanced NFT standard, Core, increased by 244% month-over-month, from 3,500 to a record 12,000, while the daily minting volume of Bubblegum's compressed NFTs (cNFTs) surged by 350%, from 500,000 to 2.20 million. Consequently, the protocol fees generated 34,000 SOL (a month-over-month increase of 13%) for the repurchase of a record 18.40 million MPLX (a month-over-month increase of 40%).

In Q4, the total number of fungible tokens minted with Metaplex surpassed 10 million as the daily average fungible tokens minted via the Token Metadata program increased 155% QoQ from 15,400 to an all-time high of 39,200, a more than 10x year-over-year increase from 3,600 in the fourth quarter of 2023. Moreover, daily average mints from Core, Metaplex’s most advanced NFT standard, increased 244% QoQ from 3,500 to an all-time high of 12,000, while daily average mints from Bubblegum, Metaplex’s compressed NFT (cNFT) program, increased 350% QoQ from 500,000 to 2.2 million. As a result, a record 34,000 SOL (+13% QoQ) generated from protocol fees was spent buying back a record 18.4 million MPLX (+40% QoQ) in Q4.

Metaplex Q4 2024 Report: Token Minting Volume and Buybacks Hit Record Highs