Magic Eden token Season 2 rewards are attracting NFT traders and stakers back to the Solana-based platform.
The campaign, which began Thursday, rewards users who interact with the Magic Eden ecosystem. Actions like staking ME tokens, trading NFTs, swapping coins, and linking wallets help users climb the leaderboard. Top participants will receive rewards in mid-August.
This season, rewards will again be distributed in ME tokens, similar to the platform’s first season. That campaign ended March 31 with 10 million tokens distributed—worth nearly $8 million. Magic Eden token Season 2 rewards are now calculated based on individual staking power and trading volume.
The platform also introduced a new visual look for its leaderboard and overall campaign. Magic Eden has committed to making each season more dynamic, both in appearance and user experience.
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Engaging with Magic Eden earns you more than NFTs
The company’s decision to gamify trading and staking is aimed at deepening user loyalty. With Season 2, users are encouraged to explore different parts of the platform, from Bitcoin Ordinals to Solana-based NFTs.
Magic Eden’s CEO, Jack Lu, said the firm remains profitable despite bearish market conditions. In 2024 alone, the marketplace earned between $70 million and $75 million, according to Lu. That’s no small feat in today’s volatile crypto space.
The rewards program works like this: stake your ME tokens, complete daily quests, and earn leaderboard points. Each action pushes you higher and increases your reward potential.
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Magic Eden token Season 2 rewards keep Solana users engaged
Magic Eden continues to lead Solana’s NFT trading volume. On March 31, it recorded over $3 million in daily volume from Solana NFTs, compared to just $12,651 in Ethereum NFTs. That dominance highlights its deep connection with the Solana community.
OpenSea remains a competitor but has yet to support Solana NFTs, even though it now allows Solana token trading. Tensor, on the other hand, has emerged as a key rival to Magic Eden within the Solana space.
Magic Eden has also been proactive in expanding its platform. It recently acquired the mobile trading app Slingshot, hinting at potential mobile integrations in the future.
ME staking and NFT trading combine to power rewards
Season 2’s structure reinforces user participation through ME staking and trading metrics. The updated leaderboard design makes it easier to track progress and incentives. This strategy enhances platform stickiness and fosters daily engagement.
Magic Eden token Season 2 rewards are poised to further strengthen user commitment while providing a model for how NFT platforms can thrive even during market slumps.