Metaplex (MPLX) is a decentralized protocol that plays a significant role in the creation, sale, and use of digital assets on the Solana blockchain. Since its launch in August 2021, Metaplex has become a cornerstone of the Solana ecosystem, being used to mint over 20 million NFTs by more than 5.9 million unique collectors. This represents over 99.9% of the NFT market on Solana, making it the largest protocol within this ecosystem and a primary factor in driving new user adoption.

The protocol has facilitated a multi-billion dollar economy, with over $3.5 billion USD in primary and secondary sales. Specifically, over $990 million of commerce has been transacted directly through the Metaplex Protocol, supported by various programs such as Token Metadata, Candy Machine, and Auction House. These figures highlight Metaplex's significance in the digital asset and NFT landscape on Solana.

Metaplex's infrastructure includes a comprehensive digital asset standard and a program library, designed to support developers and creators in the ecosystem. It also introduced the $MPLX Token as part of its offerings, enhancing its ecosystem's functionality and governance​.