Magic Eden
"Buy, Sell & Collect Solana NFTs with Ultra-Low Fees"
Rating & Utility
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Our Utility Score is calculated based on a weighted analysis of Platform Functionality, User Experience (UX), Ecosystem Integration, and Active Usage. We evaluate the practical value of the tools, feature availability, cross-chain support, and real-world adoption metrics across the Web3 ecosystem.
Note: Utility scores are dynamic and update as apps release new features or add network support. Users should evaluate features based on their own use cases.
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Overview
Magic Eden is the leading Solana-based NFT marketplace that enables users to buy, sell, mint, and collect non-fungible tokens through a non-custodial, on-chain trading interface. Its primary value lies in delivering the deepest Solana NFT liquidity in the market, combined with sub-cent gas fees and a robust creator launchpad ecosystem.
Founded in September 2021, Magic Eden rapidly scaled to become the dominant force in Solana NFTs, capturing over 90% of secondary trading volume on the network. By March 2024, it briefly became the #1 NFT marketplace globally by monthly volume, recording $734 million in a single month and surpassing established competitors like OpenSea and Blur. Backed by $130 million in Series B funding and valued at $1.6 billion, the platform attracted millions of active users and thousands of NFT collections. In December 2024, Magic Eden launched its native governance and utility token, $ME, distributed via airdrop to historical platform users.
Secure
Non-custodial smart contract trading ensures users retain full asset ownership; Magic Eden never holds private keys or user funds.
Web
Accessible via web browser at magiceden.io with iOS and Android mobile apps, supporting Phantom, Solflare, Coinbase Wallet, and other Solana wallets.
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Rating & Utility
AVG Rating By Community
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How We Calculate Utility Score
Our Utility Score is calculated based on a weighted analysis of Platform Functionality, User Experience (UX), Ecosystem Integration, and Active Usage. We evaluate the practical value of the tools, feature availability, cross-chain support, and real-world adoption metrics across the Web3 ecosystem.
Note: Utility scores are dynamic and update as apps release new features or add network support. Users should evaluate features based on their own use cases.
Does Magic Eden Have a Native Token?
Yes, Magic Eden operates with a native token. Below are the details regarding its token information, blockchain network, and security audit status:
- Token Name:
ME - Blockchain Protocol:
solana - Security Audit:
Certik
💡 INFO: Full token details and contract address are available below the Read More section in the main review.