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

Magic Eden updates domain structure for US and international users

user avatar

by Giorgi Kostiuk

a year ago

  1. Domain Structure Update
  2. Community Reaction and Concerns
  3. Magic Eden's Market Position


    4. This month, Magic Eden announced a strategic update to its domain structure aimed at better serving users in the US and abroad.

    Domain Structure Update

    As of this month, US users will access the platform through the new domain, magiceden.us, while users outside the US will continue using magiceden.io. Despite the change in domains, both magiceden.us and magiceden.io will offer the same core services. The international .io domain will focus on innovation and feature enhancements, while the US domain will maintain the current service offerings. This change follows regulatory actions against other NFT platforms, such as the recent Wells notice of the US Securities and Exchange Commission (SEC) against OpenSea.

    Community Reaction and Concerns

    The announcement has sparked notable backlash from the crypto community. Some users expressed frustration over the perceived limitations imposed by the new domain structure. Concerns have been raised about the potential loss of features such as airdrops, which may not be available to US residents.

    One vocal critic suggested that Magic Eden's move could be seen as a restriction, arguing that it reflects a centralized approach and raises questions about the platform's commitment to global accessibility.AlphaGamer

    Magic Eden's Market Position

    Despite the recent backlash, Magic Eden remains a dominant force in the NFT marketplace sector. With a 36.7% market share and $122.47 million in monthly trading volume as of August 2024, Magic Eden continues to lead the market, according to CoinGecko. The platform has maintained its top position for six consecutive months, reflecting its strong performance and user engagement. Over the course of 2022 and 2023, the platform's market share shifted significantly from Solana NFTs to other NFTs. However, its strategic integration of Bitcoin Ordinals in early 2024 allowed Magic Eden to capture the largest market share, surpassing competitors like Blur.

    Magic Eden continues to serve users by providing the same core services on both the new US domain and the international domain, despite recent changes and community reactions. The platform remains a significant player in the NFT market despite challenges and negative feedback.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cathie Wood Warns of Gold Bubble as AI Continues to Grow

chest

Cathie Wood warns that a significant market bubble is forming in gold, citing valuation concerns, while remaining optimistic about the growth potential of artificial intelligence.

user avatarAisha Farooq

Chinese EV Brands Gain Market Share in Europe

chest

Chinese brands, including BYD, captured a significant share of the European car market, with 95% of all car sales in December 2025 attributed to them.

user avatarBayarjavkhlan Ganbaatar

Ardor Sees Significant Gains Following Successful Hard Fork

chest

Ardor has gained 2156% in the past 24 hours following a successful hard fork, increasing its market capitalization to approximately $609.9 million.

user avatarTenzin Dorje

BYD Increases Exports Amid Domestic Sales Decline

chest

BYD increased exports to 100,482 vehicles in January 2026, planning a 25% growth this year to offset declining domestic sales.

user avatarElias Mukuru

BYD Faces Significant Sales Decline in January 2026

chest

BYD reported a 30% drop in car sales in January 2026 compared to the previous year, selling only 210,051 cars down from 300,538 in January 2025.

user avatarMohamed Farouk

Shiba Inu Maintains Relevance with Community Engagement

chest

Shiba Inu continues to thrive as a meme brand, leveraging community engagement to sustain interest and development.

user avatarDiego Alvarez

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.