Table of Contents

Magic Eden
Magic Eden is a leading NFT marketplace on Solana, offering fast transactions, low fees, and an easy way to mint, buy, and sell NFTs across a wide range of collections.
Introduction
Magic Eden is a leading NFT marketplace built on the Solana blockchain. Since launching in 2021, it has become the top destination for minting, trading and discovering NFTs on Solana. With fast transactions, low fees and a strong focus on community, the platform offers a seamless experience for collectors, creators and casual users alike.
Key Features
Permissionless NFT Launches
Magic Eden's Launchpad gives creators the tools to mint and list collections without needing technical expertise or approval. This open access supports a steady flow of new projects and independent artists.
Active Secondary Market
Users can buy and sell NFTs across a wide range of collections with low fees and quick settlements. The marketplace offers real-time pricing, verified collections and reliable liquidity.
Royalties for Creators
Magic Eden enforces royalties on secondary sales, allowing creators to continue earning after the initial mint. This encourages long-term project development and supports the ecosystem.
Filters and Collection Analytics
Built-in sorting tools and data dashboards help users track floor prices, traits, volume and rarity. It gives both new and experienced traders the insights they need without relying on external platforms.
How It Works
Magic Eden works by connecting directly to your Solana wallet, giving you access to browse, trade and mint NFTs in just a few steps. Transactions are processed on-chain in seconds, with minimal fees. The platform is designed to make NFT activity accessible without compromising on performance or reliability.
Why It Matters for Solana Users
If you're staking through Ivy Oracle, you're already contributing to the network that supports platforms like Magic Eden. Ivy Oracle helps secure Solana through professional-grade, zero-commission staking. That same network enables Magic Eden to run at speed and scale.
Magic Eden depends on Solana's infrastructure to handle the volume and demands of NFT trading. By staking with Ivy Oracle, you're directly supporting the validators that keep this ecosystem efficient and decentralized.
NFT marketplaces need uptime, fast settlement and low transaction costs. Solana delivers that, and Magic Eden puts it to use through every mint and every sale.
How to Use It
Step 1: Set Up a Crypto Wallet
Download a supported wallet like Phantom (for Solana) or MetaMask (for Ethereum/Polygon). Create your wallet and back up your secret recovery phrase securely.
Step 2: Add Funds
Buy SOL (for Solana NFTs), ETH (for Ethereum NFTs), or MATIC (for Polygon NFTs) on an exchange like Binance or Coinbase. Transfer the funds to your wallet.
Step 3: Visit Magic Eden

logging in on magic eden website
Go to https://magiceden.io. Click on "Login" in the top right corner. Then select your wallet and connect it.
Step 4: Explore NFT Collections

browsing nft collection on magic eden
Browse through trending or featured NFT projects. Use the search bar or filters to quickly narrow down your options.
Step 5: Buy an NFT

buying nft on magic eden
Click on an NFT you like. Review its details and click Buy Now button or Make an Offer. Approve the transaction in your wallet.
Step 6: View Your NFTs
Go to your profile by clicking your wallet address. You’ll see all NFTs you own under the “Collected” tab.
Step 7: Sell or List NFTs
Select an NFT from your collection. Click “List”, set a price, and confirm the listing through your wallet.
That’s it! You’re now part of the Magic Eden NFT ecosystem.
Milestones
Magic Eden Official Launch
September 2021Magic Eden officially launched on the Solana blockchain as a fast, low-fee NFT marketplace alternative to Ethereum platforms like OpenSea.
Market Dominance on Solana
November 2021Becomes the leading NFT marketplace on Solana, capturing over 90% of transaction volume.
Series A Funding ($27M)
March 2022Raises $27 million in a round led by Paradigm, with backing from Sequoia and Solana Ventures.
Series B Funding & Unicorn Valuation ($130M)
June 2022Raises $130 million, reaching a $1.6 billion valuation, cementing Magic Eden as a Web3 unicorn.
Launch of Creator Launchpad
August 2022Introduces Magic Eden Launchpad to help NFT creators mint and distribute new collections.
Ethereum Integration
Late 2022Expands beyond Solana, adding support for Ethereum NFTs to become multi-chain.
Royalty Enforcement Tools
Early 2023Launches new features allowing creators to enforce royalties on secondary sales
Polygon Integration
March 2023Adds support for Polygon, targeting Web3 gaming and mass-market adoption.
Bitcoin Ordinals Support
Q2 2023Becomes one of the first major marketplaces to support Ordinals (NFTs on Bitcoin).
Magic Eden Wallet Released
February 2024Introduces a cross-chain wallet browser extension for NFTs and crypto assets.
BRC-20 Support + Rewards Program
April 2024Adds Bitcoin BRC-20 token support and launches Magic Eden Rewards, a points-based loyalty system.
Expansion to Base & Arbitrum
Mid 2024Further scales by supporting additional EVM chains like Base and Arbitrum.
Aggregator Features & Gaming Growth
Q1–Q2 2025Focus on: Cross-chain NFT aggregation tools, Expansion into Web3 gaming, Launch of Magic Eden Points Season 2.
Last updated: 2025-07-01T00:02:10Z