sanyi.eth
sanyi.eth|Sep 11, 2025 06:34
A while back, when I was researching CARDS, I came across a super impressive project called @metaplex. Not many people have mentioned it, but they've already issued a token, and it's even listed on BN alpha. This thing mainly handles token/NFT launches on Solana. Right now, 99% of NFTs and tokens on Solana use their protocol. For example, popular meme platforms like @pumpdotfun, @BagsApp, and @believeapp are all using it. In July, they launched the Genesis protocol, and on August 26th, their official Twitter announced that CARDS was the third launch under the Genesis protocol. Then, you all know what happened next. I saw it at 49M and thought, "Who the hell would buy this?" But later, it hit 500M... Honestly, for a top-tier protocol that's almost monopolistic, if it were on EVM, it would've been CX'd to death already. But it seems like not many people are talking about it on Solana right now. 50% of their protocol revenue is used to buy back MPLX. Just from pure protocol revenue, they're pulling in around 200WU+ per month. Although it's not as big as perp, for infrastructure like this, achieving this level is already pretty impressive. I feel like it's worth keeping an eye on every project launched under their Genesis protocol. Including yesterday's @exotic_markets_, they've only launched four so far...
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