Magic Eden Trading Volume Recovers Due to ME Airdrop Expectations, Accounts for 80% of Bitcoin Inscriptions and Runes Trading Volume

According to TheBlock, perhaps influenced by Magic Eden's announcement of an upcoming airdrop of ME tokens in the near future, the volume of NFT trading on Magic Eden has started to recover, with daily volume soaring from around $1 million to a recent average of $30 million, and most recently peaking at $60 million per day, according to Matt Szenics, the director of the ME Foundation. Matt Szenics, Director of the ME Foundation, said: “The era of single-chain maximalism is over. Magic Eden's total volume across all networks is currently $6 billion, representing 60 percent of all NFT revenue and 80 percent of all Bitcoin Ordinals and Runes.