Metaplex DAO Treasury Voting: Proposal 2 Opens

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.