Magic Eden
Research notes
The supply metrics are worth monitoring: 61.633459 percent of the maximum one billion tokens have been issued, while the dilution overhang stands at 62.249536 percent, meaning a meaningful share of the total supply remains to be distributed and any change in that figure would affect the relationship between circulating and fully diluted valuations. The FDV-to-market-cap ratio of 1.622495 is a direct expression of that same dynamic — movement here would reflect how quickly outstanding supply is entering circulation. The price is currently 99.54639 percent below its all-time high, recorded 654 days ago, so tracking whether that gap widens or narrows over time gives a long-run reference point for the token's market standing. TVL and its seven-day rate of change are also worth following, as shifts in assets held on the platform can indicate changing levels of marketplace activity.
Written by an AI language model from the figures listed below, on 25 Sep 2026 17:27 UTC.