Metaplex's October protocol revenue reached $2 million, with Genesis contributing 18%, a record high.

According to Mars Finance, Metaplex announced that its protocol revenue in October was $2 million, of which $1.1 million was used to buy back approximately 5.3 million $MPLX (about 0.5% of the total supply). The Genesis protocol contributed 18% of the revenue, the highest since its launch. Genesis is designed specifically for token issuance, helping teams successfully complete token launches. It currently supports projects including DeFiTuna, Portals, Collector Crypt, Pipe Network, Exotic Markets, Play Solana, Goated, Shaga, dm.fun, and Beamable Network. Metaplex has led the creation of 99% of Solana's tokens and NFTs, with cumulative protocol revenue exceeding $45 million. 50% of the monthly protocol revenue will be used for buybacks, and the October revenue will be used for continued buybacks in November, continuously enhancing token value and ecosystem robustness.