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Market
Will Solana transaction costs be reduced by 99% due to Metaplex Aura by June 30, 2024?
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Transaction cost data from Solana network statistics
Story
Metaplex Introduces Aura Network for Solana, Powered by $MPLX, Reduces Costs by 99%
Sep 23, 2024, 08:41 PM
Metaplex has introduced Metaplex Aura, a decentralized indexing and data availability network for Solana and the Solana Virtual Machine (SVM). Powered by the $MPLX token, Metaplex Aura aims to enhance decentralized applications by providing a full stack solution. The new network promises to reduce transaction and asset creation costs by 99% through elastic state management. This development is expected to significantly expand the Metaplex market opportunity and solidify its role as foundational infrastructure for Solana’s on-chain economy. Compression paved the way for the first half billion digital assets, and elastic state management will bring the next trillion.
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