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Magic Eden trading volume has recovered due to the anticipation of ME airdrop, accounting for 80% of Bitcoin inscription and rune trading volume

2024-09-08 00:00

BlockBeats news, on September 8, TheBlock reported that Magic Eden’s NFT trading volume began to recover, perhaps due to Magic Eden’s announcement of an upcoming airdrop of ME tokens, with daily trading volume soaring from around $1 million to an average of $30 million in recent times, and recently reaching a peak of $60 million in daily trading volume. Matt Szenics, director of the ME Foundation, said: "The era of single-chain maximalism is over." Currently, Magic Eden's total trading volume on various networks is $6 billion, accounting for 60% of all NFT revenues and 80% of all Bitcoin Ordinals and Runes transactions.

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