Magic Eden Launches Season 2 of ME Token Rewards Program
Magic Eden launched its Season 2 campaign to reward user engagement on its platform. Key points include:
- Users can earn rewards through staking ME tokens, trading NFTs, Runes, Ordinals, and linking crypto wallets.
- Season 1 distributed 10 million ME tokens worth approximately $8 million.
- Season 2 will award top participants at the end of the season in mid-August.
- Magic Eden reported $70 million to $75 million in revenue for 2024, indicating profitability amid market challenges.
- Daily Ethereum NFT volume on Magic Eden was around $14,800, significantly lower than competitors like OpenSea and Blur.
- Solana-based NFTs generated over $3 million in daily volume for Magic Eden, highlighting its strength in that market.
- Competition includes OpenSea and Tensor, with both targeting similar markets.
- Magic Eden acquired mobile trading app Slingshot to adapt to market changes.
For detailed information on trading activities and updates, visit links relevant to [ME tokens](https://holder.io/coins//) and NFTs.