Magic Eden Rises to Top NFT Marketplace by Trading Volume on Ordinals Boom
Magic Eden emerged as the highest market by buying and selling quantity in latest days, following the surge for Bitcoin Ordinals, the NFT equal on the Bitcoin blockchain.
Magic Eden, initially targeted on the Solana ecosystem, has embraced a multi-chain technique, permitting customers to commerce NFTs on numerous blockchains, together with Bitcoin and Ethereum. This adaptability, notably in providing Bitcoin Ordinals buying and selling, has confirmed profitable, with Ordinals gross sales accounting for roughly 84% of Magic Eden’s whole quantity within the final day.
This surge aligns with the broader market sentiment, together with Bitcoin approaching its all-time excessive and renewed curiosity within the NFT area. The latest $1 million sale of a NodeMonke additional emphasizes the continuing demand for Ordinals.
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