Metaplex DAO Treasury Voting: Proposal 2 Opens

MAY

21

Event date

Wednesday 21 May 2025, UTC

Event description

The Metaplex DAO Treasury Initiative voting cycle, live since May 8, decides how treasury assets, including $MPLX, are allocated to boost Solana’s NFT ecosystem. Proposal 1 by @SlorgoftheSlugs

(May 7–21) is wrapping up today, May 15. Since today’s date is May 15, 2025, and Proposal 1’s voting period hasn’t concluded, we can’t confirm its outcome yet. However, if Proposal 1 fails, Proposal 2 opens May 22–29, followed by Proposal 3 (May 30–June 5) if needed. Only one proposal can pass, requiring over 66% "Yes" votes and a quorum, per Metaplex’s governance rules (Metaplex Foundation GitHub). This sequential voting ensures community-driven decisions on funding contributors and integrations, potentially impacting $MPLX utility and adoption.

Recent News

Metaplex has been making waves on Solana. On May 14, Solana’s price surged 25% to $184 after DeFi Development bought 172,670 SOL ($24M), signaling strong institutional confidence (FXStreet). Metaplex benefits from this ecosystem growth, as its NFT tools thrive on Solana’s scalability. The DAO’s focus on decentralization aligns with its roadmap to entrust NFT standards to distributed governance (Solana Compass).

Future Plans

Metaplex aims to simplify NFT adoption for enterprises with compressed NFTs, lowering barriers for developers by removing minting fees and enhancing tools (Solana Compass). Future voting cycles will occur every 7 days post-June 5, ensuring continuous community input on treasury use.

Onchain Data

Specific $MPLX voting metrics aren’t public as of May 15, but Solana’s network has seen a 30% rise in transaction volume this month, reflecting ecosystem activity (Dune Analytics).

Community Sentiment

X reactions are positive, with users like @DumebiOmeife calling the DAO “truly decentralized.” @JosipVolarevic2’s “Just Get Out and Vote” meme has sparked engagement (X).

Risk Disclaimer

Voting outcomes may influence $MPLX price volatility; research proposals before voting.

Metaplex

Bullish or Bearish?

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Metaplex (MPLX) Events List

Metaplex MTP-003 Voting Deadline

MTP-003, titled “Handling of Resized Funds & Formation of the Metaplex DAO Committee,” was proposed by @MetaPsilo and opened for voting on May 30, 2025 (Metaplex Foundation, X Post 1928488886944096691). The proposal aims to streamline the allocation of resized funds—potentially unclaimed SOL from rent—and formalize a DAO Committee to oversee treasury initiatives. This could enhance Metaplex’s governance, ensuring community-driven decisions on Solana. Voting closes on June 6, 2025, at 23:59 UTC, giving MPLX holders a chance to shape the project’s future.Recent NewsMetaplex has been on a roll! Just last week, the MTP-002 vote (May 22-29, 2025) passed, allocating up to 50,000 SOL to support the Solana ecosystem (TradingView News, 2025-05-27). This move sparked optimism, with analysts noting potential MPLX price surges if community support holds. Additionally, Metaplex Improvement Plan 11 introduced Core Groups to its Core program, boosting adoption with over 2 million total mints and 159k new Core assets in February 2025 alone (metaplex.com).Future PlansLooking ahead, Metaplex is doubling down on innovation in gaming, NFTs, and digital assets on Solana. The project recently supported Superteam Japan’s Builders Weekend, showcasing tools like SendAI for creating Metaplex-powered assets (metaplex.com). With the DAO Committee formation, expect more treasury initiatives to fund ecosystem growth, potentially integrating real-world assets (RWAs) as hinted in Solana Developer Hub #14.Onchain DataWhile specific voting metrics for MTP-003 aren’t public yet, Metaplex’s Core adoption is strong—2M+ mints to date show robust activity (metaplex.com). Onchain data for MPLX transactions isn’t available here, but Solana’s high transaction volume (avg. 50M daily transactions, Dune Analytics) underscores the ecosystem’s scalability.Community SentimentX reactions are mixed. Some users like @srirachaenjoyer are enthusiastic, voting “for the glory of the bread” and hyping $crumbs, while others like @STACCoverflow seem unimpressed, calling it a “yawn” (X Post 1928529167894663593). The community is split but engaged, reflecting the stakes involved.Why It MattersIf MTP-003 passes, it could unlock new funding for Solana projects, boost MPLX adoption, and strengthen DAO governance. However, a failed vote might dampen sentiment, potentially impacting MPLX prices (TradingView News, 2025-05-27). This is a key moment for Metaplex to solidify its role in Solana’s growth.Risk DisclaimerMPLX prices may see volatility post-vote. Always DYOR before trading or participating in DAO votes.

Metaplex

June 6

MTP-004 Voting Deadline

The [MTP-004] vote, active until 11:59 PM UTC on June 13, 2025, aims to extend the $MPLX claim period for users and introduce a liquidity pool pairing $SOL (Solana’s native token) with $MPLX. This move intends to enhance trading efficiency and stabilize $MPLX’s price, as noted by the Metaplex team on X. Voting follows a one $MPLX = one vote model, requiring a 66% approval rate and quorum, per the DAO’s governance rules on GitHub. This decentralized decision-making process empowers the community to shape Metaplex’s future, a key player in Solana’s NFT ecosystem.Recent NewsMetaplex has been buzzing with activity. In April 2025, the foundation unveiled its “progressively decentralized” framework, shifting control of the NFT token standard to a distributed governance model, as reported by Solana Compass. The recent rejection of [MTP-003] on June 6, 2025, shows the DAO’s active role in refining proposals, building trust in its transparent process. This momentum underscores Metaplex’s commitment to community-driven growth.Future PlansLooking ahead, Metaplex aims to simplify NFT creation and adoption, with a focus on compressed NFTs for enterprises, as outlined in their roadmap on developers.metaplex.com. The foundation plans to reduce developer barriers by eliminating minting fees and enhancing tools, potentially attracting more projects to Solana. This aligns with their vision to scale NFT utility, a trend gaining traction in the blockchain space.Onchain DataSpecific onchain metrics for $MPLX (e.g., transaction volume or staking data) are not publicly detailed in real-time sources as of June 12, 2025. However, Solana’s network has seen robust activity, with over 1.2 million daily transactions recently, per Solana Beach [5], reflecting a healthy environment for Metaplex’s operations. More $MPLX-specific data may emerge post-vote, so keep an eye on Dune Analytics for updates.Community SentimentX sentiment is cautiously optimistic. The original post by @metaplex has sparked discussions, with users like @TheJoyBoyLuffy engaging playfully, though substantive feedback is limited. Influencers on X highlight Metaplex’s potential to lead Solana’s NFT market, but some caution about liquidity pool risks, a common concern in DeFi. Overall, the community seems eager for a positive outcome.Additional InsightsThis vote comes as Solana’s ecosystem grows, with NFT trading volumes up 15% in Q2 2025, per CryptoSlate. Competitors like Magic Eden also operate on Solana, but Metaplex’s DAO governance sets it apart. For users, successful passage could mean easier $MPLX access and potential price stability—great for holders and traders alike.Risk DisclaimerNote that liquidity provisioning involves market risks, including volatility. Always research and assess your risk tolerance before participating.

Metaplex

June 13

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