According to TechFlow, TheBlock reported that NFT trading volume on Magic Eden began to recover, perhaps due to Magic Eden's announcement of an upcoming airdrop of ME tokens. Daily trading volume 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." Magic Eden currently has a total transaction volume of US$6 billion on various networks, accounting for 60% of all NFT revenue and 80% of all Bitcoin Ordinals and Runes transactions.