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Information about Magic Eden (ME)
Magic Eden is a leading multi-chain NFT marketplace supporting NFTs on Solana, Ethereum, Polygon, and Bitcoin. Currently, it is the largest and most renowned NFT marketplace on the Solana network, where it was initially launched.
The platform allows users to create, buy, sell, and collect NFTs, offering creators the opportunity to monetize their work and build communities around their art. Magic Eden users benefit from low gas fees and fast transaction times when trading NFTs on Solana. Additionally, Magic Eden provides features such as an NFT launchpad, and a non-custodial wallet available as a browser extension.
ME is a native coin of the Magic Eden ecosystem, operating on Solana according to SPL standard, and can be used to:
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News
OpenSea has reclaimed its top position in the NFT marketplace despite a general downturn in sales across the sector. Currently, it commands over 40% of market trading volume, surpassing competitors like Blur and Magic Eden.
In the first quarter of 2025, NFT sales declined to 1.5 billion USD, reflecting a staggering 61% decrease from the previous year. Despite the drop, OpenSea significantly outranks its rivals in user engagement.
The launch of OpenSea’s OS2 platform has added features like Solana trading, enhancing its user base. Moreover, the conclusion of a regulatory investigation by the US SEC has allowed OpenSea to operate without disruptions.
ME trading volume is $74.52m. Market capitalization reaches $193.82m.
ME trading volume is $114.51m. Market capitalization reaches $204.92m.
ME trading volume is $93.5m. Market capitalization reaches $200.68m.
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