MagicEden Becomes World's Leading NFT Marketplace with $30M Volume

MagicEden has rapidly ascended in the NFT marketplace, achieving significant milestones since its launch. The platform's Ethereum NFT marketplace volume surpassed $2M shortly after launch, indicating a strong start. This development comes amidst a competitive landscape dominated by a few major players, suggesting MagicEden's entry could shake up the existing duopoly. The platform's success is further underscored by its recent achievements, including flipping Tensor HQ in 24-hour Solana NFT volume and surpassing Blur.io for the highest NFT marketplace volume in the last 24 hours. Additionally, MagicEden's focus on Bitcoin and its development through the bear market has been pivotal to its rise as the world's leading NFT exchange. The platform's first full day on Ethereum saw 1.9k users, $1m in volume, and 1.9k trades, highlighting its growing user base and trading activity. Notably, exclusive NFT collections on MagicEden represent 70% of ETH trading volume, promising further growth as these collections enforce royalties. The platform's achievements are a testament to its innovative approach and the robust support from its community and partners. MagicEden's 24-hour NFT volume broke $30M, with okay_dogs dominating the volume game on Day 1 with 174 eth traded among 2.07K traders.