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Magic Eden, a cross-chain NFT marketplace, has captured 50% of the 24-hour NFT volume across all chains. The platform is introducing Runes, with a focus on Ordinals, Rewards, and Runes, aiming to lead in the BTC space. This move has positioned Magic Eden as a dominant player in the NFT market, with plans to support Bitcoin's Runes fungible token standard. The integration of Runes is expected to attract more liquidity on Bitcoin L1, with other exchanges likely to follow suit.
ARE YOU READY FOR RUNES ON MAGIC EDEN? 🟧 🪄 https://t.co/SPfE4OOmcz
Magic Eden is once again leading the charge with Runes integration, and more exchanges will follow! This will be a race towards capturing the next wave of liquidity on Bitcoin L1, far greater than any liquidity we’ve seen from the past. Sora Ventures is ready, Magic Eden is… https://t.co/287Prtqmaw
Cross-chain NFT marketplace @MagicEden will add support for Bitcoin's Runes fungible token standard after its bet on Ordinals pushed it to the top of the NFT market. Click to read: https://t.co/vN2VP33Ca8