• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Magic Eden Introduces the ME Token for Cross-Chain Trading

user avatar

by Giorgi Kostiuk

a year ago

  1. New ME Token for All Blockchains
  2. Benefits of the Magic Eden Wallet
  3. Overcoming the Single Chain Era


    4. Magic Eden, a leading platform in the NFT space, officially announced the launch of its new ecosystem token, ME.

    New ME Token for All Blockchains

    Magic Eden, which started as a Solana-based platform, has evolved into a multi-chain environment. The ME token is designed to facilitate transactions across various blockchain networks, including Solana, Ethereum, Base, and Polygon.

    Benefits of the Magic Eden Wallet

    The ME token will be exclusively available through the Magic Eden Wallet, built on the ME DAO's open-source code. This wallet, used by over 250,000 monthly active users, offers features such as cross-chain swaps, on-ramp services, and digital asset management. Magic Eden Wallet users will receive ME rewards, incentivizing participation in the ecosystem.

    Overcoming the Single Chain Era

    ME Foundation Director Matt Szenics discussed the token's significance in an evolving blockchain landscape: 'The era of single chain maximalism is over,' Szenics stated, citing Magic Eden's strong position. The platform has over $6 billion in trading volume and holds a significant share of the NFT market, accounting for 60% of all NFT revenue and over 80% of trading volume for Bitcoin Ordinals and Runes. ME will be a powerful tool as Magic Eden expands beyond NFTs into broader digital ownership.

    The exact launch date for the ME token has not yet been disclosed, but additional details on tokenomics and utility will be provided soon. The token will be available through both desktop and mobile versions of the Magic Eden Wallet, though it will not be claimable in certain jurisdictions, including the United States.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

IOTrader Ensures On-Chain Transparency in Prediction Markets

chest

IOTrader prioritizes trust in prediction markets with non-custodial and on-chain transparent features, ensuring verifiable trades and outcomes.

user avatarKenji Takahashi

IOTrader Introduces Built-In Leverage for Enhanced Trading Experience

chest

IOTrader has introduced built-in leverage in its prediction markets, allowing users to amplify their trading positions without needing the full capital upfront.

user avatarRajesh Kumar

IOTrader Launches Advanced Prediction Markets on BSC and Polygon

chest

IOTrader has launched a new prediction market interface on BSC and Polygon, offering enhanced features for users.

user avatarDiego Alvarez

USDT0 Expands Rapidly Across Blockchain Ecosystems

chest

In 2025, USDT0 expanded its reach across 15 blockchain networks, significantly improving transaction speeds and reducing fragmentation in stablecoin liquidity.

user avatarGustavo Mendoza

USDT0 Surpasses $50 Billion in Total Value Moved

chest

USDT0 has become the fastest-growing omnichain stablecoin network, achieving a significant milestone of $50 billion in total value moved within 10 months of its launch.

user avatarMaria Fernandez

Cloud Mining Gains Popularity as Investors Seek Stability

chest

Cloud mining models, particularly IOTA Miner's, are gaining traction among investors seeking stable returns amid cryptocurrency market volatility.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.