1/ In July, 5.5K $SOL ($950K) of protocol fees were used to buyback 6.4M $MPLX (over 0.6% of total supply) for the Metaplex DAO.
Protocol fees also generated $2.3M, the highest since January.
2/ Every month, 50% of the protocol fees from the prior month are allocated to buying back MPLX for the Metaplex DAO.
July protocol fees totaled 13,412 SOL ($2.3M), driven by asset creation on Solana and the SVM.
50% of these fees will be used for August MPLX buybacks.
3/ The Metaplex DAO is growing as a hub for decentralized governance, protocol development, and ecosystem expansion.
Stay tuned for monthly updates on protocol activity and ecosystem news.
Track real-time metrics via @ledger_top 👇
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