CoinVoice has recently learned that according to TheBlock, NFT trading volume on Magic Eden has begun to recover, perhaps due to Magic Eden’s announcement of an upcoming airdrop of ME tokens. Daily trading volume has soared from around US$1 million to an average of US$30 million in recent times, and recently reached a peak of US$60 million in daily trading volume.

Matt Szenics, director of the ME Foundation, said: "The era of single-chain maximalism is over." Currently, Magic Eden's total transaction volume on various networks is $6 billion, accounting for 60% of all NFT revenue and 80% of all Bitcoin Ordinals and Runes transactions. [Original link]