🧿FN Deep Dive丨Metaplex: The Hidden Winner in the Solana Launchpad Battle As SOL returns to the $200 mark, the ecosystem has entered a new round of competition. As one of the important underlying facilities for issuing assets on the Solana chain, @metaplex has taken an early lead. While everyone's attention is focused on those meme coins that explode overnight, Metaplex, the infrastructure layer that supports the creation of 99% of assets in the Solana ecosystem, is quietly emerging as a hidden winner. The Metaplex protocol generated $1.7 million in revenue this month, of which $1.1 million was used to buy back its native token MPLX, with the monthly buyback amount accounting for nearly 1% of the total circulating supply of the token. Just yesterday (07/22), Coinbase also updated Metaplex in its coin listing roadmap. Let's take a look at what core competitive advantages it has 🧐