• bitcoinBitcoin (BTC) $ 102,589.00 3.87%
  • ethereumEthereum (ETH) $ 2,226.65 18.83%
  • tetherTether (USDT) $ 0.999796 0.03%
  • xrpXRP (XRP) $ 2.32 7.01%
  • bnbBNB (BNB) $ 626.78 3.06%
  • solanaSolana (SOL) $ 162.77 8.5%
  • usd-coinUSDC (USDC) $ 0.999940 0%
  • dogecoinDogecoin (DOGE) $ 0.196646 10.7%
  • cardanoCardano (ADA) $ 0.770979 10.08%
  • tronTRON (TRX) $ 0.255653 2.48%
  • bitcoinBitcoin (BTC) $ 102,589.00 3.87%
  • ethereumEthereum (ETH) $ 2,226.65 18.83%
  • tetherTether (USDT) $ 0.999796 0.03%
  • xrpXRP (XRP) $ 2.32 7.01%
  • bnbBNB (BNB) $ 626.78 3.06%
  • solanaSolana (SOL) $ 162.77 8.5%
  • usd-coinUSDC (USDC) $ 0.999940 0%
  • dogecoinDogecoin (DOGE) $ 0.196646 10.7%
  • cardanoCardano (ADA) $ 0.770979 10.08%
  • tronTRON (TRX) $ 0.255653 2.48%
  • bitcoinBitcoin (BTC) $ 102,589.00 3.87%
  • ethereumEthereum (ETH) $ 2,226.65 18.83%
  • tetherTether (USDT) $ 0.999796 0.03%
  • xrpXRP (XRP) $ 2.32 7.01%
  • bnbBNB (BNB) $ 626.78 3.06%
  • solanaSolana (SOL) $ 162.77 8.5%
  • usd-coinUSDC (USDC) $ 0.999940 0%
  • dogecoinDogecoin (DOGE) $ 0.196646 10.7%
  • cardanoCardano (ADA) $ 0.770979 10.08%
  • tronTRON (TRX) $ 0.255653 2.48%
  • bitcoinBitcoin (BTC) $ 102,589.00 3.87%
  • ethereumEthereum (ETH) $ 2,226.65 18.83%
  • tetherTether (USDT) $ 0.999796 0.03%
  • xrpXRP (XRP) $ 2.32 7.01%
  • bnbBNB (BNB) $ 626.78 3.06%
  • solanaSolana (SOL) $ 162.77 8.5%
  • usd-coinUSDC (USDC) $ 0.999940 0%
  • dogecoinDogecoin (DOGE) $ 0.196646 10.7%
  • cardanoCardano (ADA) $ 0.770979 10.08%
  • tronTRON (TRX) $ 0.255653 2.48%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei

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Magic Eden token Season 2 rewards

Magic Eden token Season 2 rewards boost user engagement with staking and NFT trading

Fatima Al-Nouri Fatima Al-Nouri

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.

What are Magic Eden token Season 2 rewards?

Magic Eden token Season 2 rewards are incentives given to users who engage with the Magic Eden platform. Actions like staking ME tokens, trading NFTs, completing quests, and linking wallets help users earn points. These points boost their position on the leaderboard. At the end of the season, in mid-August, the highest-ranked users receive ME tokens as rewards. The program builds on the success of Season 1, which distributed $8 million worth of tokens to participants.

How does staking ME tokens work on Magic Eden?

Staking ME tokens means locking them into Magic Eden’s platform to gain benefits, like leaderboard points and eventual token rewards. The more ME you stake and the longer you hold them, the higher your staking power. This directly influences your ranking in Season 2. Staking also encourages loyalty and helps create a more engaged community of traders and collectors on the platform.

Why is Magic Eden more successful with Solana than Ethereum?

Magic Eden has deep roots in the Solana ecosystem and was one of the earliest NFT marketplaces to support SOL-based NFTs. As a result, it has built a strong community and user base around Solana. Daily volumes on Solana far exceed Ethereum on Magic Eden. On March 31 alone, Solana NFT volume surpassed $3 million, while Ethereum volume was under $13,000. The focus and optimization for Solana have helped Magic Eden dominate in that niche.

How does Magic Eden compare to OpenSea and Tensor?

Magic Eden competes with OpenSea and Tensor but has some unique advantages. While OpenSea supports many blockchains, it still doesn’t offer Solana NFT trading. Tensor is a strong Solana-focused rival, but Magic Eden has a first-mover advantage and a larger reward ecosystem, thanks to its ME token. Magic Eden’s proactive features, including Season 2 rewards and recent app acquisitions, aim to maintain its dominance in the Solana NFT space.

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