Magic Eden's fundamentals are impressive, and the founder tweeted that he and Lianchuang will lock the token for 18 months

Magic Eden's dominant position in the NFT market is becoming increasingly stable. According to the latest data, as of December 10th, Magic Eden continues to lead in terms of user numbers and transaction revenue, ranking first in the race. Within 24 hours, Magic Eden had 18K users, accounting for 33%; in the past 7 days, the number of users reached 51K, accounting for 31%; in 30 days, the number of users reached 157K, accounting for 31.8%. Since 2024, the cumulative number of users has exceeded 1.50 million, accounting for 30.2% of the market.

 

In terms of trading revenue, Magic Eden still leads strongly. 24-hour trading revenue reached $123K, accounting for 47%; 7-day revenue reached $752K, accounting for 40%; 30-day revenue reached $2.9M, accounting for 45.2%; the cumulative revenue for the whole year reached $60.2M, accounting for 61.6% of the total revenue of the NFT market.

 

Against this backdrop, Jack Lu, co-founder and CEO of Magic Eden, tweeted, "We are not interested in short-term price changes and welcome anyone willing to work for long-term development. To double our efforts, my co-founder and I will lock our ME token for 18 months," demonstrating our firm confidence and overall view of the platform's long-term development. At the same time, the ME Foundation launched the ME Token Generation Event (TGE) at 10 pm on December 10th. Users can complete wallet binding before February 1st, 2025, and claim tokens through the ME mobile application.