The core competitiveness of Magic Eden lies in its multi-chain strategy, while other benchmark projects focus on a single-chain ecosystem. The current environment and NFT track are both poor, and the declining transaction volume of the single-chain ecosystem also highlights the limitations of the single-chain model in smoothing bull and bear fluctuations. By embracing multi-chain, Magic Eden has attracted users and project parties from different blockchain ecosystems, greatly broadening its user base and business boundaries. This multi-chain advantage not only enhances the competitiveness of the platform, but also brings it a high level of attention and institutional favor, which may drive its valuation up.

Magic Eden's multi-chain strategy is a game-changer in the NFT space! Embracing different blockchain ecosystems expands opportunities and user base. This approach not only boosts competitiveness but also attracts attention from institutions, potentially driving up valuation. Exciting times ahead! 🌟 