Metaplex MPLX

Revenue fadingRank#57in Low payout▼16Score14

Revenue −21% over 30 days; paid to holders this week: 25% of the best week in 90 days ($13k against $53k).

Launchpad, Solana, 193 days of data,

Low payout: less than $100k to holders in 30 days, or payouts on fewer than 8 of the 30 days (for a token that pays in cycles of a week or longer: more than one of the payouts its cycle predicts missed); ranked within this group

Market cap

$33.6M

price $0.0695 · 7d −10.5% · 30d +48.3%

FDV $69.9M (2.1× market cap)

source defillama

Buyback revenue / year

$917k

holders revenue of the last 30 days, $75k, × 365 ÷ 30

Buybackbuyback share 50%

Buys back 2.7% of its market cap a year, using 50¢ of every $1 it earns.

Multiple

36.6×

peer median 6.1× (Launchpad, 5 tokens), against 36.6× here

Run-rate

48.2×

last 7 days $13k × 52 = $696k a year

last week's payout to holders ran at 76% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 36.6×, 6.0× more expensive than its Launchpad peers (median 6.1×, 5 tokens). The group's largest earner Pump trades at 6.1×: 6.0× dearer per dollar returned to holders. On total revenue: 18.3×, 3.3× dearer than the revenue peer median.
Distribution
Buyback: Revenue buys the token on the market; the tokens stay in circulation (treasury, stakers or LPs). Holders got $75k of $151k revenue in 30 days → buyback share 50%. DefiLlama: “50% of revenue goes to buyback MPLX after june 2023”
Sustainability
Holders were paid on 30 of 30 days (100%); largest single day 7% of the month's holders revenue; paid to holders this week: 25% of the best week in 90 days (more than half below peak). Revenue −24% over 7 days and −21% over 30 days, price +48% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

Payout >50% below peakthis week's holders revenue is 25% of its best week in the last 90 days ($53k)

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d): $75k / $151k; last 30 closed days
To holders: Buys back 2.7% of its market cap a year
FDV / dilution: $69.9M / 2.1×; FDV ÷ market cap
Price 7d / 30d: −10.5% / +48.3%
Revenue growth 7d / 30d: −24% / −21%; versus the period before
Divergence: 0.00; revenue growth minus price growth, 30d
DEX liquidity: $3.9M; DexScreener, representative pools
24h volume: $8.2M; all markets, CoinGecko
Unlocks 30d: —; no unlock schedule for this token
Revenue multiple: 18.3×; market cap ÷ revenue per year
Fee multiple: 18.3×; market cap ÷ fees per year
Distance to peak: 25%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 36.6× (scored) · peer median 6.1×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

No signals for this token yet.

Versus peers

Launchpad · 6 tokens (5 with a multiple) · median multiple 6.1× · Pump is valued 47.8× higher. Per dollar that counts for holders, Metaplex is 6.0× dearer.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
Token	Distribution	Multiple	Revenue multiple	Buyback share	To holders 30d	Market cap	Rev. growth 30d
OTC	Buyback + burn	0.5×	0.2×	43%	$284k	$1.6M	+99%
StonkFun	Buyback + burn	1.8×	1.1×	60%	$1.6M	$36.7M	−88%
Pons	Buyback + burn	6.1×	6.1×	104%	$1.4M	$101.8M	−83%
Pumpleader	Buyback	6.1×	2.7×	44%	$21.5M	$1.6B	−27%
Metaplexthis token	Buyback	36.6×	18.3×	50%	$75k	$33.6M	−21%
BONK.fun	Mixed	∞	12.0×	95%	$1.5M	$240.1M	−67%

Score build-up14 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

14of 100#57▼16top 76%

Valuation 5.0Momentum 1.1Divergence 0.0Quality 13.3penalties −5= 14.5

Valuation35%

14Valuation 14.3: HR half 28.7 (multiple 36.61×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 0.0 (revenue peer value 0.30×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.

Momentum25%capped

5Momentum 4.5: m = 0.5·g7 −0.279 + 0.3·(ln(day jump 0.15) clamped ±1.5 = −1.500) + 0.2·g30 −0.237 = −0.637; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.

Divergence20%capped

0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.

Quality20%

67Quality 66.7: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 7% of HR30 → 100.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.25 → 0.2 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

Penalty −5 (dilution_above_2): dilution ratio 2.08 above 2.

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penalties−5

−5Dilution ratio above 2dilution ratio 2.08 above 2

9 rules not applied, 3 wait for research data.

Where the numbers come from

Revenue source: 1 active child; DefiLlama adapter per child
Price and market cap: defillama / defillama; latest fetch
Scored on: November 12, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token1 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

Metaplex
Launchpad · Solana
type buyback · source text
“50% of revenue goes to buyback MPLX after june 2023”
50% of revenue goes to buyback MPLX after june 2023
adapter on GitHub ↗