
Magic Eden reported $12.8M in NFT volume over 30 days and will channel 15% of monthly revenue into ME token buybacks and rewards, starting February 2025.
Magic Eden recorded $12.8 million in NFT trading volume over the past 30 days, representing a 9.1% market share, and generated $267,000 in revenue. Of this, 74% came from Solana-based NFTs and 25% from Bitcoin-based NFTs. Beginning February 1, 2025, 15% of monthly revenue will be allocated to the ME token ecosystem, with half used for buybacks and half distributed to ME token stakers. Monthly claims for rewards will start in March 2025.