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zhoudafu

@zhoutiantian

Magic Eden, originally Solana-focused, has seen significant user migration toward Bitcoin Ordinals since adding support in 2023. This cross-chain shift accelerated as Ethereum's high fees drove traders to cheaper alternatives like Solana and Bitcoin. By 2025, Magic Eden dominates Bitcoin Ordinals, capturing over 80% of trading volume for Ordinals and Runes. Its multi-chain wallet and seamless swaps facilitate easy migration across Solana, Ethereum, Polygon, and Bitcoin ecosystems. This trend reflects broader NFT market diversification, with Bitcoin Ordinals attracting collectors seeking immutable, on-chain assets.
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