The native token of a non-fungible token (NFT) platform on the Solana blockchain, known as SOL, saw a remarkable 30% increase in value this week, bucking the trend of a sluggish wider crypto market.

Metaplex (MPLX), designed to simplify the creation, sale, and management of NFTs, experienced a surge in price this week as it garnered attention for its growing on-chain activity.

According to information shared on the social media platform X, in May, Metaplex witnessed a record-breaking 834,000 unique wallets engaging in transactions directly with its protocol, marking the highest month of activity to date.

Additionally, in the previous month, 3.1 million new wallets acquired a digital asset generated by the Metaplex project.

Furthermore, Metaplex has been actively developing its platform, with the crypto analytics platform Santiment ranking it third among NFT-related protocols based on the number of significant GitHub events in the last 30 days.

With 23.07 GitHub events, Metaplex followed behind Flow and Decentraland on the Santiment list.

Santiment emphasizes that routine updates are not included in their analysis and uses a reliable methodology to gather data on GitHub events through a rigorous process.

MPLX, the native token of Metaplex, is currently trading at $0.342, up from $0.264 a week ago. However, the 294th-ranked crypto asset experienced a slight decline of over 5% in 24 hours on Friday.

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