Gate News Bot Report, February 12 — According to CoinMarketCap data, at the time of publication, ME (Magic Eden) is priced at $0.16, up 19.72% in the past 24 hours, with a high of $0.17 and a low of $0.12. The 24-hour trading volume reached $31.2 million. The current market capitalization is approximately $74.3 million, an increase of $12.2 million from yesterday.
ME represents the most powerful cross-chain trading, minting, and wallet protocol suite, adopted by Magic Eden as its official token, representing the largest on-chain user community. The ME community hosts the most influential protocols supporting end-to-end user journeys for NFTs and tokens, deployed across 8 blockchains including Solana, Bitcoin, and Ethereum, with over 3.5 million wallet users, $7 billion in total transaction volume, 70 million transactions, and 500,000 monthly active users. Users can stake ME to unlock rewards for all assets traded across all chains.
Recent Important News about ME:
1️⃣ Official Launch of Ecosystem Token and Application Expansion
The official adoption of ME as Magic Eden’s ecosystem token strengthens its core position in cross-chain NFT and token trading ecosystems. The token has been deployed on major public chains including Solana, Bitcoin, and Ethereum, covering 8 blockchain networks. This multi-chain deployment strategy directly broadens ME’s scope and user reach, laying a foundation for token value capture.
2️⃣ User Base and Trading Activity Support
Over 3.5 million market users, $7 billion in historical trading volume, and 70 million transactions demonstrate significant user engagement and trading depth within the ME ecosystem. The 500,000 monthly active users reflect ongoing ecosystem activity, providing fundamental support for this round of price increase and indicating increased market recognition of ME’s value as a cross-chain protocol.
3️⃣ Staking Incentive Mechanism Design
ME’s staking model allows users to lock tokens to unlock cross-chain trading rewards. This token value capture mechanism enhances holders’ long-term holding motivation and creates positive liquidity constraints through staking rewards, helping to support price stability.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The world’s longest-living tortoise “dies,” but it’s actually a crypto scam—the Meme coin market cap jumps 376%
Recently, rumors that the world’s longest-living tortoise, Jonathan, had died were confirmed to be a cryptocurrency scam. A forged veterinarian account was intended to lure investors. The incident caused Meme coin prices themed around Jonathan to surge and then quickly fall, exposing the crypto market’s sensitivity to false information and reminding investors to verify the source of information carefully.
GateNews34m ago
YB（Yield Basis）24小时上涨40.20%
Gate News message, April 3, according to Gate market data, as of the time of writing, YB (Yield Basis) is trading at $0.1398. Within the past 24 hours, it has risen 40.20%, with a high of $0.1486 and a low of $0.09923. The total 24-hour trading volume reached $1.2116 million. The current market cap is approximately $12.2908 million.
Yield Basis is a DeFi protocol that uses leveraged liquidity and Curve’s crvUSD to increase the returns of BTC and ETH holders, while also aiming to eliminate impermanent loss. The protocol’s total value locked (TVL) currently stands at $170.44 million. It supports multiple markets, including cbBTC, tBTC, WBTC, and WETH,
GateNews1h ago
Drift attack escalation: 20 protocols affected, whale JUP urgently stops losses with an empty position
Drift decentralized exchange protocol recently issued an announcement, identified important information related to the attack, and sent on-chain messages to affected Ethereum wallets, urging the attacker to communicate. The number of affected protocols increased to 20, with total losses exceeding $28 million. The market has speculated that the stolen funds may flow out through the Jupiter protocol, causing JUP to briefly fluctuate. Drift said it will continue to provide updates on developments.
MarketWhisper2h ago
A CEX’s trading volume over the past 24 hours reached $865 million, with XRP, BTC, and ONT leading the way in the top three positions
According to CoinGecko data, on April 3, a certain CEX had trading volume of $865 million; the top five tokens were XRP, BTC, ONT, USDT, and ETH, with XRP having the highest trading volume at 13.81%.
GateNews2h ago
Polymarket’s daily revenue ranks 5th in crypto, as expectations for the POLY airdrop heat up
Polymarket achieved $1.71 million in daily revenue on April 3, and for the first time introduced a fee for multiple categories through a new rate structure. At the same time, users holding POLY tokens can receive a fee discount, enhancing the token’s utility. Polymarket’s prediction data is also favored by traditional financial markets, influencing the global oil futures market and further demonstrating its commercial potential.
MarketWhisper2h ago
