magic eden06
$me
MCAP48.44M
-8.34%

what's magic eden?

Magic Eden is a leading multi-chain NFT marketplace that serves as a community-centric platform for discovering, buying, and trading digital collectibles across blockchains like Solana, Ethereum, Bitcoin, and BNB Chain. Originally focused on NFTs, it has expanded into broader crypto trading features, including token swaps and launchpads, to become a comprehensive Web3 hub. Key features include enforced royalties for creators, cross-chain functionality, and reward programs like Season 3, which distributes $ME tokens to active traders and holders. The platform recently discontinued its Slingshot product for cross-chain trading amid competitive shifts, while enhancing support for BNB Chain tokens, particularly targeting Chinese-language memecoins. Anti-scam measures have been introduced in the Magic Eden app to help users identify legitimate tokens, and upcoming integrations like Spark for Bitcoin DeFi and beta protocols such as Flashnet, Luminex, and UTXO aim to bolster trading capabilities.

Snapshot

Magic Eden launched NFC-powered Emmy Blind Box collectibles, featuring EM PEPE.

contract

solana

8H ago
TEAM UPDATE

0xAlexander departed from Magic Eden, ending his tenure during which the platform launched on over 10 EVM chains and introduced the Packs feature.

14H ago
TECH EVENT

Pivoted from NFT marketplace and unprofitable chains, shifting focus to Dicey, an onchain wagering platform with a casino business model, Solana, and $ME token operations.

ONCHAIN METRICS

Dicey (Magic Eden's wagering platform) reached $15M in total wagered volume in private alpha with approximately 100 users.

16H ago
TOKEN ECONOMICS

Ends NFT buybacks program as part of cost optimization, shifting focus to ecosystem design, product initiatives, and future yield efforts towards the $ME token.

1D ago
TECH EVENT

Discontinued Ordinals trading platform support.

TECH EVENT

Sunsets EVM, Bitcoin, Ethereum, and wallet products by 2026-04-27, with EVM marketplace by 2026-03-09, to focus on Solana and Dicey product suite.

2D ago
TECH EVENT

Slingshot's private key export portal will be sunset on 2026-02-28, with Magic Eden Support handling manual private key retrieval for remaining wallets after shutdown.

VISIBILITY EVENT

Euclid Protocol Passports are available for purchase on Magic Eden as one of two secondary marketplaces for early access to Euclid's private mainnet.

3D ago
VISIBILITY EVENT

Supports ERC721C Creator Token standard for NFT listings with 5% creator royalty enforcement on the platform.

1W ago
OPINION SPECULATION

Pivoted business model to focus on collectibles and NFT infrastructure, extended runway by 1 year thanks to ordinals activity during the bear market.

2W ago
MARKET ACTIVITY

Delisted Runes trading, sunsetting on 2026-03-05.

TOKEN ECONOMICS

Distributes $ME tokens to stakers from 0% commission Solana validator revenue buybacks, with the next distribution scheduled for August 2026.

FINANCIAL EVENT

Season 4 $ME airdrop distribution began on February 9, 2026, targeting users who were staking and trading.

3W ago
TECH EVENT

Launched Emmy Blind Box lineup featuring NFC-powered collectibles integrated with the Magic Eden ecosystem, with EM PEPE as the first revealed item.

1M ago
ONCHAIN METRICS

Had 23,000 users over the last 30 days on Solana, ranking 8th among Solana dApps by user count.

FINANCIAL EVENT

Airdrop rewarded users who employed bots or automation tools and whale/big users more favorably than typical users.

ONCHAIN METRICS

Generated $25M in protocol revenue during 2025, with over 80% from Solana and the entertainment sector.

TECH EVENT

Released multi-pack ripping feature allowing up to 10 simultaneous rips at once

ONCHAIN METRICS

Reached $161K TVL on the NFT marketplace on Solana

TECH EVENT

Launched $25 Poké Packs feature on the platform on January 7th, 2026.

2M ago
TOKEN ECONOMICS

Restructures rewards program starting February 2026 into three tracks: staking rewards in USDC, monthly platform points for perks, and limited-time token campaigns. Launched a buyback program redistributing 100% of proceeds to stakers, introduced monthly USDC rewards for stakers, and allocates 15% of all revenue to $ME for buybacks and staker distributions.

Buyback season is active for the token.

The boosted trading phase concludes and the campaign transitions to holding-only phase with 150,000 $ME rewards still available, described as the last chance of the year.

The 8888 Doopies mint completes and trading starts on Magic Eden in pre-reveal phase, with 150 one-of-ones maintained despite supply slash from original 20K allocation.

Week 6 of Boost Campaign offers 3x Season 3 points and share of 150,000 $ME prize pool for trading and holding Solana MBS tokens.

Token unlock 12 hours ago releases more than 200% of float, with price declining only 7%.

Employee token unlocks happened tonight.

Season 3 ends on December 15, with $ME stakers encouraged to finalize their positions before the deadline.

Doopies mint on Magic Eden suffers technical failures including mobile Chrome connection issues, resulting in only approximately 5K minted out of 20K potential allocation, while community criticism states OpenSea has much larger NFT volume and momentum.

Doopies cube mint starts today at 12pm ET, with Azuki WL winners now eligible to participate.

Doopies NFT mint scheduled for 12-3pm ET tomorrow, with 800 top $MPLX holders receiving whitelist access.

New mobile embedded wallet goes live on App Store and Google Play.

The top 5% of $ME stakers qualify for doopie cubes whitelist mint phase.

Final Season 3 Boost Campaign launches with a 150K $ME rewards pool, offering 3x rewards for 7 days of NFT trading plus 7 days of holding from 9 partner projects.

More $ME token buybacks are on the way.

Platform launches recurring content series "Back in the Grass" airing Tuesdays and Fridays at 1pm ET exclusively on the platform.

Doopie cubes NFT collection mints exclusively on the platform with a livestream scheduled for 1pm ET.

Platform collaborates with junkfun on NFT junking feature launch.

S3 Boosted Collections Round 5 concludes with $ME rewards distributed to all eligible participants.

Platform relaunches wallet with improved user experience, now available for download.

Throughout 2026, $ME buyback program expands to cover all major products including Swaps, Lucky Buy, and Packs in addition to the marketplace.

Platform announces $50,000 in rewards for NFT traders in the big 25.

Platform transitions from boosted trading round to holding phase with 150,000 $ME tokens allocated as rewards for users who maintain partner NFT collections in their wallets.

3M ago

Major token unlock of $118.1M scheduled for December 10, 2025.

Platform deploys on Monad blockchain mainnet (Day 3 of launch) as experienced operator providing infrastructure alongside OpenSea, Pancakeswap, Gearbox, and Morpho.

Upbit suspends all deposits and withdrawals across the entire platform following the hack, and low-cap Solana tokens listed on Upbit experience price spikes.

Upbit exchange suspends deposits and withdrawals after $36.8M security breach on November 27, 2025, with ME tokens listed among 24 affected Solana-network assets transferred to unknown wallet.

Skrumpeys NFT collection minted and ranks #2 in volume on the platform.

Boost Campaign Week 5 features Claynosaurz with 3x Season 3 points multiplier and 150,000 $ME token prize pool for traders and holders.

Platform shows 877 Klout Kards in holders hands according to latest data.

Token buyback program underway with purchases already completed.

Pizza Ninjas NFT collection mint scheduled for 9am ET on the platform.

Platform serves as whitelist partner for Wassie on Monad NFT collection mint scheduled for 1pm EST.

Solana Gaming Season 1 pass mint goes live on the platform.

Monad Mainnet launches Monday with Day 1 support confirmed for all mints and trades on the network.

Partnership with Alloca announced for upcoming IDO on Monad chain, alongside Backpack and Haha Wallet integration.

Partnership announced with GAM3 Awards to provide zero launchpad fees for award winners, with voting ending November 17th.

A user complains about staking program mechanics, claiming to receive only their original 15,000 staked tokens after one year instead of an expected 80,000 token unlock.

Platform generates over $500,000 per month in trading revenue according to recent reports.

Platform initiates first buyback program starting immediately with 30% of secondary marketplace revenue: 15% for $ME token buy-and-burn and 15% for NFT collection purchases starting on Solana. Upcoming product expansion includes pack ripping, casino games, and sports features.

Week 4 of Season 3 Boost Campaign features GalacticGeckoSG NFT project with 3x points multiplier and 150,000 $ME prize pool for trading and holding.

A Magic Eden cofounder is recruiting staff for a new casino platform project.

Project Eldrem Dragon Egg NFT public mint runs on the platform until November 13, 4:30 PM UTC and includes a token airdrop for participants.

Season 3 Boost Campaign launches with 3x rewards multiplier for trading and holding NFTs from 8 partner projects over a 2-week period (1 week trading, 1 week holding) for 150K $ME rewards pool.

Wallchain Genesis NFT (Quack Heads) mints on November 11, 2025 at 12:00 PM UTC via the platform with 1,999 supply at 2.5 SOL, featuring a 5-phase rollout starting with 800 priority spots for eligible users.

ValanniaGame launches RISEN heroes free mint at 3pm ET with WL checker hosted on the platform.

MocaPortfolio commits $20M in vested tokens for a rewards pool that includes Magic Eden drops, distributed to users staking MOCA tokens or Mocaverse NFTs.

G*BOY Badges collection receives homepage placement on Magic Eden's platform.

150,000 $ME tokens are allocated for distribution to holders of partner collections in a new holding-based reward program that begins after the boosted trading round concludes.

Wale releases "The State of NFTs - October 2025" report in partnership with Magic Eden.

4M ago

Wassie project works with Magic Eden to prepare for the Wassie On Monad NFT collection mint, with artwork, visuals, audio, and rendering complete and ready for mainnet.

A 24-hour Halloween Hunting Event launches in collaboration with Collector_Crypt, featuring Dark and Ghost type Pokemon cards in Packs.

Nearly 100,000 Packs are opened generating $10M in weekend volume.

$ME ranks #6 on AltRank™, a metric measuring convergence of social energy and market performance among crypto assets today.

Season 3 Boost Campaign Round 2 ends with rewards distributed to eligible participants, and a new round goes live immediately with another 150K $ME prize pool.

A brand new betting and wagering product is announced as coming soon beyond Packs. Packs week 1 volume exceeded the NFT marketplace volume from the previous week.

Season 3 Boost Campaign launches with a 150K $ME rewards pool, offering 3x boost for trading and holding NFTs from 7 partner projects over a 2-week period (1 week trading, 1 week holding) with leaderboard competition.

$ME shorts on Hyperliquid face funding rates of 5.1275% per 8 hours, equating to 5614.61% annualized.

Packs feature reaches $5M in volume since relaunching after the previous takedown at $1M, with the platform running smoothly following fixes.

Partnership announced with STRAND, a Solana Mobile MMORPG with 40k+ players, as the project's presale achieves 183% oversubscription with 7,300+ SOL deposited.

The platform took down Packs most of the day due to overwhelming demand after $1M in volume, with the feature returning this evening with fixes implemented.

First day Packs performance shows 8,000+ packs opened in 5 hours generating almost $1M in volume with 3 confirmed ETH jackpots worth $23k (Pudgy Penguins), $12.9k (eff Davis Construction), and $4.8k (QQL Mint Pass).

The platform's Ordinals API stops working due to a possible Cloudflare block, impacting third-party tracking services and Ordinals collectors with no support response received yet.

Platform launches Packs feature live on Ethereum and Solana chains featuring Pokemon cards and blue-chip NFTs from collections including Bored Ape Yacht Club, MadLads, DeGods, and Pudgy Penguins with 5X $ME token rewards.

Two new competitors, Arch and Spark, emerge to challenge the platform's monopoly position in the Ordinals and Runes marketplace space.

Babe packs launch on the platform on January 22nd featuring Pudgy Penguins NFTs.

Platform launches HODL rewards program distributing 150,000 $ME tokens to users who hold partner collection NFTs after concluding the boosted trading round.

Magic Eden forms marketing partnership with MovimentumWeb3 specializing in CoinMarketCap promotion.

The platform teases an upcoming initiative called "Project Merlin" and announces an official content creator partnership.

Platform launches "Packs" product featuring transparent odds and real value, with future developments potentially involving Real World Assets depending on launch performance.

Platform launches community voting initiative with 100+ creators to predict which altcoins will outperform BTC this October.

The team is testing new Spark products currently in bug bashing phase before release.

Season 3 Boost Campaign goes live offering 3x $ME rewards for trading and holding NFTs from 5 partner projects, structured as 1 week of trading followed by 1 week of holding.

The platform discontinued its Slingshot product, which was related to crosschain trading functionality, as competitors increasingly adopt crosschain trading features.

Magic Eden wallet announces support for all BNB chain tokens, specifically targeting Chinese-language token trading on Binance Smart Chain.

New anti-scam measures launched to help users distinguish legitimate tokens from fraudulent ones on the platform's app.

Flashnet, Luminex, and UTXO protocols remain in beta testing ahead of an upcoming platform launch.

12 Million $ME tokens (~$7.5M) are being distributed throughout Season 3, with Spark token trading functionality coming soon to the platform.

Volume for the largest Rune offering falls below the largest TAP token on competitor platform ordinalswallet, signaling reduced market activity relative to competitors.

@fairforsol collection is minting today on the platform.