Magic Eden Trading Volume Recovers Amid ME Airdrop Expectations, Daily Volume Reaches $60 Million
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September 8, 2024
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According to The Block, Magic Eden's NFT trading volume is rebounding, possibly fueled by the platform's announcement of an upcoming airdrop of its ME token. Daily trading volume has surged from around $1 million to an average of $30 million recently, reaching a peak of $60 million in a single day. Magic Eden currently boasts a total trading volume of $6 billion across various networks, representing 60% of all NFT revenue and 80% of all Bitcoin Ordinals and Runes transactions.
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