Metaplex Price
(MPLX)
USD($)
Metaplex (MPLX) Live Price Chart
Overview
About
Analysis
FAQ
Metaplex Live Price Data
The live price of Metaplex is $0.23175, with a total trading volume of $ 30,899 in the last 24 hours. The price of Metaplex changed by -1.81% in the past day, and its USD value has decreased by -21.86% over the last week. With a circulating supply of 755,813,146 MPLX, the market cap of Metaplex is currently 175.6M USD, marking a --% increase today. Metaplex currently ranks #216 in market cap.
How do you feel about Metaplex today?
Note: This data is for reference only.
Metaplex(MPLX) Profile
Rank216
--Expand 
Website
Documentation
Explorer
Contract
- Solana METAewgx...18m
Audited By
- --
Code & Community
Investors
- Alameda Research
- Multicoin Capital
- Animoca Brands
- Solana Ventures
- Jump Crypto
- Petrock Capital
- Samsung Next
$0.22351
$0.23689
- ATH
- $0.89060
- Price Change (1h)
- +0.09%
- Price Change (24h)
- -1.81%
- Price Change (7d)
- -21.86%
- Market Cap
- $175.6M
- 24h Volume
- $30,899
- Circulating Supply
- 755,813,146
- Max Supply
- 1B
About MPLX
How can I buy Metaplex (MPLX)?
Buying MPLX on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Metaplex (MPLX) for more information. What Is Metaplex (MPLX) Crypto?
Metaplex (MPLX) is a cryptocurrency and decentralized protocol focused on digital asset creation, particularly for NFTs (non-fungible tokens) on the Solana blockchain. It offers tools for minting, trading, and managing NFTs, supporting creators with a range of development kits like Candy Machine and Auction House. Metaplex aims to empower artists and creators by providing no-code tools that facilitate the creation of unique digital collections and art pieces.
How Does Metaplex Work?
Metaplex (MPLX) operates on the Solana blockchain and facilitates the creation, sale, and management of digital assets, primarily NFTs. It provides a set of tools that allow artists, creators, and brands to launch their own NFT projects and storefronts with minimal technical knowledge. This platform aims to make digital commerce accessible by offering an efficient and user-friendly ecosystem for managing and interacting with digital assets.
At its core, Metaplex includes programs and tools that help mint NFTs and manage digital storefronts. These resources are designed to be scalable and customizable, enabling creators to engage directly with their audiences through unique digital experiences. Metaplex supports this process by offering a variety of development tools and no-code solutions that simplify the creation and distribution of digital art and collectibles.
History of Metaplex and MPLX Coin
Metaplex (MPLX) was launched in June 2021 as a decentralized platform built on the Solana blockchain, specifically designed to manage and create NFTs. The platform was developed to make it easier for artists, creators, and brands to launch and manage their own NFT projects and storefronts.
The Metaplex Foundation, with strategic support from Solana Labs and the cryptocurrency exchange FTX, initiated the platform to facilitate a more accessible NFT market, providing tools that allow perpetual royalties and on-chain transactions.
The founders of Metaplex include key individuals from Solana Labs, with Raj Gokal, COO of Solana Labs, playing a significant role in its establishment. The platform quickly grew to dominate the Solana NFT market, hosting millions of NFTs within a short span of its operation.
What Is MPLX Token Used for?
The Metaplex (MPLX) token serves as both a utility and governance token within the Metaplex ecosystem on the Solana blockchain. As a utility token, MPLX is used across various platform features, particularly in supporting functions like minting and trading NFTs.
It also plays a crucial role in maintaining the protocol’s operations, for example, through contributions to the Metaplex DAO (Decentralized Autonomous Organization) treasury, which supports community initiatives and the ongoing development of the protocol.
Additionally, holding MPLX tokens grants you governance rights, allowing you to participate in decision-making processes that shape the future direction of the Metaplex protocol. This decentralized governance structure ensures that the platform remains aligned with the needs and interests of its user community.
You can also trade Metaplex tokens on the KuCoin Spot Market against other cryptocurrencies after doing your own research (DYOR). Buy or sell $MPLX or HODL if you believe in the future potential of the Metaplex platform and the Solana ecosystem.
Metaplex (MPLX) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.00402 | -1.70% |
| 7 Days | $-0.06485 | -21.86% |
| 30 Days | $-0.14212 | -38.01% |
| 3 Months | $-0.19256 | -45.38% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Metaplex Conversion Rate
FAQ
How much is 1 Metaplex (MPLX) worth?
KuCoin provides real-time USD price updates for Metaplex (MPLX). Metaplex price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time MPLX to USD exchange rates. Is Metaplex (MPLX) a Good Investment?
Investing in Metaplex (MPLX) offers several potential advantages, especially given its role on the Solana blockchain with NFTs. Key benefits include:
- Innovation and Reduced Costs: Metaplex has significantly lowered NFT minting costs by over 80%, improving blockchain efficiency and reducing congestion.
- Governance Participation: As a governance token, MPLX gives holders a voice in the platform's future developments and direction.
- Wide Usage: Metaplex underpins a large portion of the Solana NFT ecosystem, suggesting robust use and utility.
- Strong Adoption: Major NFT projects and creators are adopting Metaplex for their operations, indicating trust and utility in the platform.
What Is Metaplex Price Prediction?
While it is challenging to provide a precise MPLX price prediction, understanding these factors can help you make more informed decisions when considering investing in MPLX tokens:
- Market Adoption: The extent to which Metaplex's NFT and digital asset tools are used within the Solana ecosystem can impact the MPLX token price. Increased adoption can lead to higher demand for MPLX tokens, supporting the Metaplex price.
- Development Updates: Releases of new features or updates on the Metaplex platform that improve functionality or expand capabilities might influence investor perception and, thus, the price.
- Overall Crypto Market Trends: Like many cryptocurrencies, the MPLX price is also affected by broader market movements and sentiment in the cryptocurrency market.
- Governance and Utility: Since MPLX tokens are used for governance and utility within the Metaplex ecosystem, any changes in governance features or additional utilities for the token can affect the $MPLX price.
- Liquidity on Exchanges: The availability of MPLX on major exchanges and the liquidity in these markets can also influence the MPLX crypto price dynamics.
How to Earn on Metaplex
To earn on Metaplex (MPLX), you can engage in several activities:
- Staking MPLX on Metaplex: You can stake your MPLX tokens to earn rewards. This involves locking up your tokens for a period to support the network, and in return, you will receive rewards based on the amount staked.
- Trading NFTs: As Metaplex focuses on NFTs, creating, buying, or selling NFTs on the platform can be profitable. You can use Metaplex’s tools like the Candy Machine for minting NFTs or the Auction House for buying and selling them.
- Participation in Governance: By holding MPLX tokens, you also get the chance to participate in governance decisions, influencing the future direction of the Metaplex platform.
What is the all-time high price of Metaplex (MPLX)?
The all-time high price of Metaplex (MPLX) is $0.89122. The current price of MPLX is down 73.98% from its all-time high.
What is the all-time low price of Metaplex (MPLX)?
The all-time low price of Metaplex (MPLX) is $0.02605. The current price of MPLX is up 790.27% from its all-time low.
How much Metaplex (MPLX) is there in circulation?
As of 12 22, 2024, there is currently 755,813,146 MPLX in circulation. MPLX has a maximum supply of 1B.
What is the market cap of Metaplex (MPLX)?
The current market cap of MPLX is $175.6M. It is calculated by multiplying the current supply of MPLX by its real-time market price of $175.6M.
How do I store Metaplex (MPLX)?
You can securely store your Metaplex in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your MPLX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Polygon Ecosystem Token (POL) to cash?
You can instantly exchange your Polygon Ecosystem Token (POL) for cash using KuCoin's Fast Trade feature. This feature enables you to convert POL to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.