Affected by the expected ME airdrop, Magic Eden's trading volume has recovered, accounting for 80% of bitcoin inscriptions and runes.
On September 8th, according to TheBlock, or influenced by Magic Eden's announcement that it will airdrop ME tokens in the near future, the NFT trading volume on Magic Eden has begun to recover. The daily trading volume has soared from around 1 million US dollars to the recent average 30 million US dollars, and recently reached a peak of 60 million US dollars in daily trading volume. Matt Szenics, director of the ME Foundation, said: The era of single-chain maximalism is over. At present, Magic Eden's total trading volume on various networks is 6 billion US dollars, accounting for 60% of all NFT revenue and 80% of all Bitcoin Ordinals and Runes trading volume.