Magic Eden

Magic Eden is a multi-chain NFT marketplace that allows users to trade non-fungible tokens and related digital collectibles across a wide range of blockchains, including Solana, Bitcoin, Ethereum, and several others. It positions itself as a one-stop platform for discovering, listing, and exchanging NFTs, targeting collectors, creators, and traders who want access to multiple ecosystems through a single interface. Its ME token is the native asset associated with the platform.

Magic Eden operates as an application-layer marketplace, meaning it sits on top of existing blockchains rather than running its own consensus mechanism — the block time recorded here is zero, reflecting that the protocol itself does not produce blocks. The ME token functions within the Magic Eden ecosystem and is classified as an application token tied directly to the Magic Eden platform. The token exists across the networks the marketplace supports, and its precise governance or utility functions inside the platform are not detailed in the data held here.

The data records a point-in-time total value locked of 153,101.17 USD, which has changed by 9.599151 percent over the trailing seven days. The market capitalisation to TVL ratio stands at 305.076283 and the fully diluted valuation to TVL ratio at 494.984855, both point-in-time figures; these reflect how the market values the protocol relative to the assets it holds, but the dataset does not contain a explicit fee revenue figure, so no fee stream, fee recipients, or protocol earnings can be described from the information available here. Twenty-four-hour turnover sits at 5.154188 percent of market capitalisation, indicating how actively the token itself is being traded on the open market.