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Magic Eden

Magic Eden

ME
Rank #698
Community Rating
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$0.111-0.47%24h
Market Cap
$14.81M
24h Volume
$4.60M
Circulating Supply
133.33M
All-Time High
N/A

Price Performance

24 Hours
-0.47%
7 Days
+5.58%
30 Days
+0.00%
1 Year
N/A
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About Magic Eden

Built on the principles of cross-chain trading, minting, and wallet protocols, Magic Eden is emerging as a powerful suite of tools for the onchain economy. Operating as the official token of Magic Eden, ME represents the largest community of onchain users, with over 3.5 million wallets and $6 billion in volume. This extensive network enables seamless trading and minting across various chains, including Solana, Ethereum, and Bitcoin.

The technology behind Magic Eden is built around its suite of cross-chain protocols, which dominate minting and trading for all Solana NFTs. These protocols span minting with freeze authority, trading, collection offers, on-chain randomization, and more. Additionally, ME's EVM protocols power over 30% of all Ethereum NFT secondary trade volume, making it a crucial component in the NFT ecosystem.

Magic Eden's utility extends beyond its technical features, providing real-world applications for creators, traders, and users alike. With over 1,000 chains supported and 70 million monthly users, ME enables cross-chain transactions and unlocks rewards for trading all assets on all chains. The ME community is a cross-chain ecosystem bridging onchain users and crypto retail, with notable partnerships and backers driving its growth.

The Magic Eden team has successfully developed and deployed its protocols across various chains, with significant traction in the NFT market. With over $6 billion in volume and 3.5 million wallets, ME has established itself as a leading player in the onchain economy. As adoption continues to grow, Magic Eden is poised to further expand its reach and solidify its position as a key component of the decentralized web.

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