Magic Eden trading volume has recovered due to the anticipation of ME airdrop, accounting for 80% of Bitcoin inscription and rune trading volume

According to BlockBeats, on September 8, 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 $1 million to an average of $30 million in recent times, and recently reached a peak of $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 trading volume on various networks is $6 billion, accounting for 60% of all NFT revenue and 80% of all Bitcoin Ordinals and Runes transactions.

by blockbeats