ME
$0.33

Magic Eden (ME) Price

$0.33
1m
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15m
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Magic Eden (ME) Price Today

The live price of Magic Eden is 0.33 USD. In the past 24 hours, the trading volume of Magic Eden was 10,133,400.01 USD, up by 3.09%. The current price has decreased by -13.12% from its 7-day high of 17.00 USD, and increased by 0.27% from its 7-day low of 0.32 USD. With a circulating supply of 1,000,000,000.00 Magic Eden, the market cap of Magic Eden is currently 109,245,945.00 USD, down by 0% in the last 24 hours. Magic Eden currently ranks #602 by market capitalization among cryptocurrencies.

Magic Eden (ME) Market Data

Market Cap
$56.2M
24h Volume
$10.1M
Circulating Supply
167.4M ME
Maximum Supply
1B ME
Fully Diluted Market Cap
$335.7M
Liquidity Indicator
18.02%
About
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FAQ

About Magic Eden (ME)

How can I buy Magic Eden (ME)?

Buying Magic Eden (ME) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Magic Eden (ME) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy ME Guide for more information.

What Is Magic Eden (ME) and How Does It Work?


Magic Eden is a multi-chain NFT and digital asset marketplace that supports assets across several blockchains including Solana, Ethereum, Bitcoin and others. It serves as a unified platform where users can mint, buy, sell and trade NFTs and fungible tokens in one place, offering a cross-chain trading hub. The marketplace reportedly draws over 22 million unique monthly visitors, supports more than 8,000 collections, and processes tens of thousands of daily wallet connections, providing strong liquidity and broad exposure for listed assets. The native token ME is integrated to incentivize platform activity and grant governance rights, aligning the interests of users, creators, and the protocol. Through ME, collectors, creators, and traders across chains can participate in a shared ecosystem of digital ownership and trading.

When Did ME Launch?


Magic Eden was founded in June 2021 by four friends, Jack Lu, Sidney Zhang, Zhuoxun Yin, and Zhuojie Zhou, who brought expertise in crypto, DeFi, product management, and software engineering to create a user-friendly NFT marketplace. Initially focused on Solana, Ethereum, Bitcoin, and other blockchains, becoming a leading multi-chain hub for digital asset trading. The ME token was formally introduced in late 2024, beginning with an airdrop claim event that distributed a portion of the token supply to early and eligible users. This early distribution aimed to reward existing participants and foster broad community engagement from the start, while giving users immediate access to trading, platform incentives, and governance participation. The remaining token supply was allocated for ecosystem growth, contributor rewards, strategic participants, and long-term incentives under a multi-year release schedule.

What Are the Key Features of ME?


Magic Eden stands out by offering multi-chain support: it began as a Solana-focused NFT marketplace but expanded to support Ethereum, Bitcoin, and other blockchain ecosystems, giving users access to a wide array of digital assets in one unified marketplace. The platform offers a creator-friendly launchpad that lets NFT projects mint and launch collections with exposure to a large cross-chain user base, helping creators tap into liquidity from multiple chains. Magic Eden emphasizes low fees and a user-friendly design, making it accessible to both casual collectors and experienced users. In addition, ME token integration adds an economic layer of incentives, including trading rewards, staking opportunities, and governance rights that encourage active participation, liquidity provision, and long-term ecosystem engagement. The combined features of cross-chain support, creator tools, user accessibility, and token incentives make Magic Eden a leading global NFT and digital asset marketplace.

What Is ME Used For?


ME is used as a reward and incentive mechanism for users who trade, mint, or engage with assets on Magic Eden. Active traders, creators, and users participating in platform activities earn ME through trading rewards, staking incentives, and platform-wide events. ME also functions as the native governance token, giving holders the right to vote on marketplace policies, fee structures, ecosystem grants, and future feature development, enabling the community to influence the evolution of the platform. For creators and collection owners, ME can serve as a tool to bootstrap liquidity and attract collectors by aligning token incentives with community growth. Users may also gain access to premium platform features or exclusive drops using ME, adding utility beyond simple trading and collecting.

Magic Eden Roadmap Highlights


Since the launch of ME, Magic Eden has expanded from a Solana-only NFT marketplace to a full multi-chain marketplace, integrating support for Ethereum, Bitcoin, and other blockchains. The team is rolling out broader trading reward programs, staking mechanisms for ME holders, and enhanced governance tools via a community DAO structure to give users greater influence over the platform. Future roadmap plans include expanding cross-chain compatibility, improving the NFT launchpad process for creators, integrating liquidity incentives, and building long-term ecosystem incentives to support creators and collectors alike. As the platform continues to grow, Magic Eden aims to become a hub for universal digital ownership and multi-chain asset trading, catering to both NFTs and fungible token markets.

What Is the ME Token Utility?


ME acts as both an incentive and governance token within Magic Eden. As an incentive token, ME rewards users for activity including trading, minting, staking, and participation in marketplace events or promotions, giving economic benefit to engaged users. As a governance token, ME holders vote via the Magic Eden DAO on proposals covering platform upgrades, treasury allocation, ecosystem grants, royalty or fee structures, and strategic partnerships, putting decision-making power in the hands of the community. Through staking or holding ME, users may gain access to preferential benefits such as early access to new collections, exclusive drops, staking rewards, or boosted trading incentives. ME aligns the interests of collectors, creators, and the platform, making it central to both user incentives and long-term governance.

What Blockchain Does ME Operate On?


ME is implemented as an SPL token on the Solana blockchain. The broader marketplace supports assets on multiple blockchains including Solana, Ethereum, and Bitcoin, using cross-chain mechanisms and bridge integrations to enable trading of NFTs and tokens across these ecosystems. ME remains native to Solana for token and governance functionalities, while the marketplace’s multi-chain design allows users to interact with a wide range of digital assets across different networks. This hybrid architecture blends Solana’s token performance with cross-chain asset flexibility.

What Are ME Tokenomics?


The total supply of ME is 1,000,000,000 tokens. Supply allocation is structured to support platform growth, community participation, and long-term incentives. Approximately 30%, or 300 million ME, is allocated for ecosystem incentives, including partnerships, developer grants, and liquidity programs. Early users and community participants received 20%, or 200 million ME, through the initial airdrop. Core team members and founders are allocated 15%, or 150 million ME, with a four-year vesting period and a one-year cliff to ensure long-term alignment. Strategic partners and advisors receive 10%, or 100 million ME, over a three-year vesting period. Platform reserves are set aside at 15%, or 150 million ME, to support ongoing operations, treasury management, and future scaling initiatives. Finally, 10%, or 100 million ME, is designated for long-term incentives, including staking rewards, community programs, and governance participation. This allocation structure emphasizes sustainable ecosystem growth, long-term engagement, and broad community involvement while securing the protocol’s operational needs.

How to Securely Store ME


ME works with the most popular crypto wallets that support Solana-based assets. The easiest way to engage with ME is through BingX Spot Market which lets users buy, sell, and hold it securely without managing private keys or additional wallet setups. This method provides exchange-level security, a custodial wallet structure, and seamless access for trading or portfolio management. ME is also compatible with major self-custody wallets such as Phantom and Solflare, as well as hardware wallets that support Solana and SPL tokens. These wallets grant full control of private keys and allow participation in decentralized applications, staking opportunities, governance, and other ecosystem features. By adding the Solana network and importing the ME token through its official contract address, users can securely access the full range of token utilities and benefits.

Is ME a Good Investment?


ME may appeal to users who believe in multi-chain, cross-asset digital ownership and want exposure to both NFT and token markets. With a total supply of 1 billion tokens and a large share earmarked for community and ecosystem incentives, there is potential for broad distribution that supports active trading, liquidity, and long-term growth. However, value will likely depend on continued platform adoption, cross-chain functionality, trading volume, and demand for NFTs and tokens across supported chains. Given the inherent volatility of NFT and crypto markets, ME is best viewed as a long-term, conviction-based asset rather than a short-term growth bet.

 

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Disclaimer:
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