Metaplex (MPLX) Buybacks Using 50% Protocol Revenue

OCT

31

Event date

Friday 31 October 2025, UTC

Event description

Metaplex announced a token buyback event where 50% of its monthly protocol revenue is allocated to repurchasing MPLX tokens from the market. These repurchased tokens are then deposited into the Metaplex DAO to reduce circulating supply and support the token value. The buybacks are ongoing with monthly buyback executions, including a notable buyback on October 31, 2025.

Recent News

In recent months, Metaplex has consistently allocated half of its protocol fees to this buyback program. For instance, in August 2025, $1.1 million was used to repurchase approximately 6.7 million MPLX tokens, which represented about 0.7% of the token supply at that time. The buyback strategy aims to enhance liquidity and demonstrate strong capital discipline for the project.

Future Plans

Metaplex plans to continue this buyback strategy monthly, using 50% of its protocol revenue. The ongoing efforts are part of a broader initiative to strengthen the project’s governance DAO by returning value to the community through token holdings in the DAO treasury.

Onchain Data

No verifiable onchain metrics available.

Community Sentiment

Overall sentiment towards the buyback program is positive. Community members appreciate the use of protocol revenue to support the token’s value and strengthen DAO governance. Some discussions highlight the robust fee generation enabling continuous buybacks, and there is optimism about the long-term benefits for the project. Sample community reactions include: "50% of revenue going to buybacks is a strong sign of commitment," "The DAO accumulation strategy looks promising," and "Great to see protocol revenue being used effectively."

Risk Disclaimer

Token buybacks can influence token price dynamics by reducing circulating supply. Investors should consider market factors and project fundamentals alongside buyback activities when assessing token value.

Sources used

Metaplex

Bullish or Bearish?

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Metaplex (MPLX) Events List

Metaplex Buyback Program Event

Metaplex initiates a token buyback using protocol revenue, scheduled for September 30, 2025. This program repurchases MPLX tokens with 50% of the protocol fees, contributing to supply reduction. Recent news highlights that in August 2025, Metaplex spent $1.1 million to buy back 6.7 million MPLX tokens, equal to 0.7% of the total supply. The buyback strengthens the DAO treasury and supports token value by shrinking circulating supply. Future plans include continuing to allocate protocol fees for buybacks and enhancing revenue streams to sustain the program. Onchain Data Tokens bought back: 6.7 million MPLX (0.7% of total supply) Protocol fees used: $1.1 million Token supply impacted: 6.7 million ÷ total MPLX supply Community Sentiment Community sentiment is generally positive, appreciating the commitment to reducing supply and increasing value, although some express caution about potential market volatility. Risk Disclaimer The buyback event could influence token price dynamics and market liquidity, though impacts depend on broader market conditions. Sources used https://cryptocalendar.ai/events/metaplex-buyback-program-event-tokenomics-metaplex-30-09-2025

Metaplex

September 30

Metaplex StakeNova Vote Ends

The StakeNova Vote, hosted by Metaplex, concluded on October 3, 2025. StakeNova is a staking proposal aimed at empowering Solana's creator economy by introducing a specialized staking layer. The event was a community voting process allowing token holders to decide on the proposal's implementation, focused on enhancing staking infrastructure within the Solana ecosystem. Participation took place through Metaplex's official channels including Twitter. Recent News In the past three months, Metaplex has been actively engaging with its community around this proposal, emphasizing the role of StakeNova in supporting creators on Solana. Updates have highlighted technical development progress and partnerships targeting improved staking services for NFTs and other digital assets. Future Plans Post-vote, Metaplex plans to implement the StakeNova staking layer if approved, aiming to boost the creator economy on Solana by enabling more flexible and rewarding staking options. Further roadmap items include expanding functionality and integrating with Solana-based projects to foster ecosystem growth. Onchain Data No verifiable onchain metrics available. Community Sentiment Neutral - The community showed moderate engagement and anticipation about the vote's outcome but overall discussions were measured without extreme opinions. "Looking forward to seeing how StakeNova impacts Solana creators." / "Hope the staking layer adds real value." / "A sensible step for Metaplex's growth." (Source: Twitter replies) Risk Disclaimer This event could impact token dynamics if the proposal leads to staking incentives or new token utility, potentially influencing market behavior. Sources used https://x.com/metaplex/status/1970488398705238379

Metaplex

October 3

Metaplex

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