TL;DR
- Metaplex has launched the Aura Network to improve data availability and indexing on Solana in a decentralized manner.
- More than 25 projects from the Solana ecosystem are collaborating on Aura’s implementation, including Tensor and Magic Eden.
- The value of the $MPLX token has risen 53.6% following the launch, driven by increased liquidity and a significant purchase by Sigil Fund.
Metaplex has recently introduced its Aura Network, a new development within the Solana ecosystem that seeks to optimize data availability and indexing in a decentralized way.
This launch, considered one of the company’s most significant advances since its inception, addresses the current limitations of Solana in terms of data storage and retrieval. Metaplex, known for its role in creating the DAS (Digital Asset Standard), has designed Aura to resolve the slow and costly access to blockchain data, enabling decentralized applications to operate more efficiently and competitively compared to their centralized counterparts.
1/ Introducing Metaplex Aura, a decentralized indexing and data availability network for @solana and the SVM, powered by $MPLX.
SVM + MPL + Aura = the full stack for decentralized applications 🦾
Learn more 👇 pic.twitter.com/AvoyggawKj
— Metaplex 🦾 (@metaplex) September 23, 2024
The new decentralized network is based on the implementation of Aura nodes, which are designed to index asset data on a large scale and offer real-time data availability. This capability covers both compressed and uncompressed states, ensuring efficient on-chain data management on Solana and the SVM (Solana Virtual Machine). Additionally, Aura’s launch includes new tools for developers, with the promise of improving data access and reducing associated costs.
Metaplex Price ($MPLX) Grew 53% in One Week
Metaplex has emphasized the importance of community collaboration in the development of Aura. The source code and repositories of this new network are openly available, allowing developers worldwide to contribute to the advancement of its protocols and tools.
More than 25 projects from the Solana ecosystem, including Tensor and Magic Eden, are already participating in the early implementations of Aura and providing feedback on its functionality.
One of the standout aspects of Aura’s launch is its integration with existing Bubblegum and DAS APIs, allowing developers immediate access to these tools. The platform also plans to release a unified SDK in the near future to further simplify developers’ work.
The announcement of Aura has coincided with a notable increase in the value of Metaplex’s native token, $MPLX, which has risen 53.6% in price over the past week, reaching $0.4498. This growth has been driven by increased liquidity on the network. Which has seen the creation of a new MPLX/SOL liquidity pool, as well as a significant purchase made by Sigil Fun.
