Ask about Magic Eden · freeTotal Value Locked$134,717
TVL by Chain
Bitcoin$102,833
Solana$27,294
Arbitrum$3,705
Base$885.87
Ethereum$0
Key Metrics
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Market Cap$37.43m
$ME Price$0.06
Fully Diluted Valuation$60.27m
Outstanding FDV$49.37m
$ME Volume 24h$1.91m
CEX Volume$1.63m
DEX Volume$756,276(39.65% of total)
Staked$23.8m(63.59% of mcap)
Total Raised$149.4m
Oct 1, 2021$2.5mRound: SeedInvestors: 6th Man Ventures
Mar 14, 2022$16.9mRound: Series AInvestors: Paradigm, Sequoia Capital, Solana Ventures
Jun 22, 2022$130mRound: Series BInvestors: Electric Capital, Greylock
Protocol Information
The largest NFT marketplace and Runes platform. Buy, sell and discover Ordinals and NFTs across Solana, Bitcoin, Ethereum, Base, ApeChain, Abstract, Berachain, Monad Testnet, Arbitrum, Sei, BNB Chain, and Polygon.
Methodology
TVL: TVL includes the tokens held in various Magic Eden controlled wallets on Solana and Bitcoin.View code on GitHubIncentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Competitors
Magic Eden history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Oct 8, 2025 to Oct 27, 2026.
All-time high TVL: $771,716 on Sep 11, 2026. All-time low TVL: $108,409 on Jun 26, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $152,780 |
| Sep 29, 2026 | $151,906 |
| Sep 30, 2026 | $152,470 |
| Oct 1, 2026 | $153,471 |
| Oct 2, 2026 | $154,870 |
| Oct 3, 2026 | $154,177 |
| Oct 4, 2026 | $154,446 |
| Oct 5, 2026 | $157,015 |
| Oct 6, 2026 | $559,324 |
| Oct 7, 2026 | $155,542 |
| Oct 8, 2026 | $151,680 |
| Oct 9, 2026 | $149,155 |
| Oct 10, 2026 | $149,181 |
| Oct 11, 2026 | $149,857 |
| Oct 12, 2026 | $151,049 |
| Oct 13, 2026 | $149,789 |
| Oct 14, 2026 | $149,560 |
| Oct 15, 2026 | $147,050 |
| Oct 16, 2026 | $147,725 |
| Oct 17, 2026 | $146,890 |
| Oct 18, 2026 | $146,852 |
| Oct 19, 2026 | $148,155 |
| Oct 20, 2026 | $146,885 |
| Oct 21, 2026 | $148,691 |
| Oct 22, 2026 | $150,871 |
| Oct 23, 2026 | $145,977 |
| Oct 24, 2026 | $145,556 |
| Oct 25, 2026 | $145,617 |
| Oct 26, 2026 | $143,559 |
| Oct 27, 2026 | $134,248 |
TVL at each month end, Oct 2025 to Oct 2026
| Date | TVL |
|---|---|
| Oct 31, 2025 | $193,608 |
| Nov 30, 2025 | $161,120 |
| Dec 31, 2025 | $152,336 |
| Jan 31, 2026 | $146,184 |
| Feb 28, 2026 | $112,209 |
| Mar 31, 2026 | $120,711 |
| Apr 30, 2026 | $133,674 |
| May 31, 2026 | $130,976 |
| Jun 30, 2026 | $111,218 |
| Jul 31, 2026 | $117,998 |
| Aug 31, 2026 | $142,027 |
| Sep 30, 2026 | $152,470 |
| Oct 27, 2026 (latest) | $134,248 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/magic-eden
Frequently asked questions
What is Magic Eden's TVL?
As of Oct 27, 2026, Magic Eden has $134,717 in total value locked. TVL has decreased 12.6% over the past 30 days.
What chains does Magic Eden operate on?
Magic Eden operates on 5 chains: Bitcoin, Solana, Arbitrum, Base, and Ethereum. Bitcoin holds the largest share at 76.3%.
What is the ME token price and valuation?
ME is currently trading at $0.06. Its circulating market capitalization is $37.56m, ranking it #731. Its fully diluted valuation is $60.49m. Supply currently stands at 620.92m circulating, 999.99m total supply, 1b maximum supply.
How has ME performed recently?
ME is down 1.8% over the past 7 days and down 25% over the past 30 days. Its all-time high is $17, reached on Dec 10, 2024. The token is currently 99.6% below that level.
How does Magic Eden's TVL compare to similar protocols?
Among NFT Marketplace protocols tracked by DefiLlama, Magic Eden ranks #11 by TVL. The category holds $21.02m across 67 protocols, and Magic Eden accounts for 0.6% of that total. Similar protocols include Sudoswap V2, Sweep n Flip, Element NFT Marketplace, NFTX, Blur Bids, Punks Terminal, ImmutableX, Sudoswap V1, GumBall Protocol, and Tensor.