MAGIC EDEN (ME)
Magic Eden is a leading multi-chain NFT trading platform, featuring low fees, high speed, and multi-blockchain support. Integrated on the Solana network, Magic Eden offers a transaction fee of only 2%, quickly surpassing OpenSea in terms of users (1.4 million) and revenue ($58.3 million) in 2024.
With the ability to support multiple blockchains such as Ethereum, Polygon, and Bitcoin, Magic Eden offers a flexible and efficient NFT trading experience. That's why Magic Eden quickly became the leading NFT marketplace on Solana, sometimes surpassing Blur and OpenSea in trading volume.
Magic Eden's pros and cons
Pros
Low transaction fees: Magic Eden applies a 2% fee per transaction, lower than OpenSea (2.5%).
Fast transactions: Thanks to its integration with Solana, Magic Eden offers faster transaction speeds than Ethereum.
Continuous innovation: Providing advanced features such as “Launchpad drops” and “Games”.
Disadvantages
Limited number of NFT sets: Compared to OpenSea or Blur, the number of NFT sets on Magic Eden is much less.
Lack of staff
