ARCIPEDIA · PLATFORM · NFT

Plain English

Magic Eden is the dominant NFT marketplace on Solana, launched in 2021. Now multi-chain — added Ethereum, Bitcoin (Ordinals), Polygon, and Base. ME token launched in late 2024 via airdrop to active users across all chains.

How it actually works

2% marketplace fee on Solana, varies on other chains. Native support for Bitcoin Ordinals trading. Launchpad service for creators to mint and distribute new collections. Has dedicated mobile app with strong UX. Royalties optional on most chains, similar to Blur.

What it means for you

For Solana NFT activity, Magic Eden is the default. For Bitcoin Ordinals collectors, Magic Eden is one of the leading venues. For HNW NFT exposure outside Ethereum, Magic Eden provides the primary access point across multiple emerging NFT chains.

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Educational content only. Not investment, tax, or legal advice.