Magic Eden

The Magic Eden Mobile Wallet App is officially live on iOS and Android 📱 Collect across chains with native bridging, instant swaps, and seamless Magic Eden integration - all in one wallet. Learn more: https://lnkd.in/eDryepUR

Mempool Sniping protection is here! For those of you unfamiliar with mempool sniping, mempool sniping/front-running have become important topics in the Magic Eden Bitcoin community. It's not fun when it happens to you and the devs decided to do something about it. Front-running occurs when the mempool prioritizes transactions with higher fees, leading to unexpected delays. Typically rare, this phenomenon is more likely to happen when a transaction lingers in the mempool for an extended period. Importantly, neither the buyer nor the seller is adversely affected, as funds remain secure. Recent instances of mempool sniping were noted during popular Launchpad mints, raising concerns about the integrity of Ordinal trades. Mempool sniping, or front-running in the context of Ordinals, occurs when sophisticated actors replace broadcast transactions intended for purchases, manipulating the inscription process. But fear not, as we have solutions in place right now! Introducing 'Post Purchase Sniper Protection' As of today, Magic Eden offers 3 comprehensive protective layers to combat sniping: - NEW: Post-Transaction Mempool Protection - Collection and Item Offers - Pre-Transaction Mempool Protection Our newest feature to combat Mempool Sniping is a new system we like to call 'Post Transaction Mempool Protection'. Now you can see all pending orders, max fees, current fees and statuses and if your fee is replaced, you can see it directly in your pending orders and quickly increase it to keep your position, all within Magic Eden. This provides the most control and visibility, helping to ensure your collection is landed. As another layer of security and peace of mind utilizing collection and item offers provide the BEST protection against Mempool Sniping. It’s as simple as picking the Ordinal you want and making an offer. Easy as can be and maximizes your protection as offers CANNOT be sniped. On top of all of this, we’ve also added pre-purchase protection. All you have to do is make sure that during checkout, you select 'Mempool Protection' and choose your level of protection. You only pay for the protection if it’s used and your Ordinal is landed These tools should mitigate this issue into oblivion but as with any technology, it is a back and forth battle between us, the marketplace, and the mempool snipers. We're ready for anything they can throw at us. What do you think of the new update? Love it or hate it - let us know 👇

Ethereum has seemingly taken a back seat during this cycle while other chains like Solana bask in the glory of the green candle. Many speculated that the approval and rollout of ETH ETFs would have the same impact on performance as Bitcoin’s did, but unfortunately, things have not panned out that way. But it is not all doom and despair for Ethereans. In the current social/ popular landscape, one of the most overlooked metrics is Total Value Locked (TVL), representing the total assets committed within a protocol. TVL is a critical metric as it is a major indicator of a platform’s health and trust, liquidity measurement and protocol popularity & usage. Notably, Ethereum leads substantially with approximately $47.1 billion in TVL, increasing further with Layer 2 solutions like Arbitrum. While Solana has impressive transaction volume and a growing TVL of around $4.9 billion, some of this activity may be temporary and driven by speculative investments. The real game-changer will be protocols on Solana that provide substantial use cases, encouraging more value to be locked on the chain. Will Ethereum retain its TVL dominance, or does Solana have what it takes to even the playing field? 👇

It was “all over” 2 days ago... but this morning the industry looks as strong as ever. Green candles everywhere (still waiting on ETH). It’s looking like this latest crypto crash was set off by the nearly $1.1 trillion stock meltdown in Japan and as the dominos fell, crypto was inevitably affected. Though, it wasn’t always this way. Crypto has always been a hedge against traditional finance, but now, more often than not, its exposure to these trad markets leaves it vulnerable to non crypto related market conditions. As ETFs are approved one after the other and VC's & institutional investment piles in, it seems like the decentralized finance industry is no longer that magical hedge, but instead, just another asset class in the global financial market. We all knew this day was coming, and a lot of us cheered it on to pump our bags, but the question has yet to be answered: Is the crypto we want just another asset class coupled to traditional finance markets? 👇 The cypher punks of old may be turning in their proverbial graves...

The U.S. government just moved ~$2 Billion worth of BTC to a new address 🔶 Do you think they're on track to make the same move as Germany did a few weeks ago by selling? Or maybe they have something else up their sleeves? What do you think? 👇

How many Web3 apps do you use every day? On-chain users have grown more cross-chain & sophisticated but our apps remain fragmented & siloed, leading to friction for everyone Magic Eden is building a superdapp to kill friction & deliver the slickest end-to-end xchain platform Today, most Web3 apps live on 1 chain and perform a specific function, leading to fragmented tools across every layer of crypto. For users who now dabble across chains, this is inefficient. For new retail, this is overwhelming. For dapps themselves, this hinders growth. Many of our favorite products with PMF still have capped growth potential: • DEXs have PMF but users have to figure out non-custodial wallets independently. DEXs are also chain-specific, meaning users have to navigate 2+ DEXs and wallets vs just using 1 CEX • Analytics products like Coinmarketcap get insane traffic (CMC has 100M monthly visits; Coinbase has 50M) but cannot offer users an end to end experience for trading & cannot capture most of the value from their user base • Wallets, while highly retentive, often struggle to acquire new users on their own. They rely on 3rd party dapps to drive new users to them. If they bet on the right dapp ecosystem, they can get breakout success, but if they bet on a stagnant ecosystem, they can't grow. The result? Fragmented dapps with PMF in their own layer, but few with sufficient scale or strength to onboard mainstream users without relying on fickle market conditions Because of this, almost every Web3 app is “praying for rain” when scaling - eg. waiting for the market conditions to improve to capture the incoming new users willing to brave the friction Magic Eden is one of the few dapps where we can grab our destiny with our own hands. We want to grow regardless of how the market is doing. I believe the best way for web3 dapps to grow is via vertical integration. Some might view this as contrarian given the ethos of web3. However, all this means is if you want to use Magic Eden, all you need is Magic Eden. The fragmented market structure of web3 is our very own downfall right now. It’s why we can’t onboard more users. For our next wave of new users, Magic eden is willing to grind for years to make their experiences more simple and joyful. Magic Eden is building Magic Eden Wallet to offer 1 end-to-end platform as our first step to building our superdapp. With our wallet today, you can onramp, do xchain swaps, list NFTs directly on ME, and manage your portfolio. Our xchain native swaps has done almost $100M in volume to date. In the future, we will deliver: • Mobile app to let people do xchain swaps & trade NFTs anywhere • Direct integration on the website for seamless login • Email account creation on both mobile + desktop • More features that will help general crypto users outside of NFTs - Jack Lu | CEO

Magic Eden is a cross-chain ecosystem, and a cross-chain ecosystem can only truly be achieved by a cross-chain wallet. That's the main driving force behind why we've developed the Magic Eden Wallet. Get funds on-chain securely. Bridge tokens, set slippage, and instantly swap in-app with peace of mind. Access your favorite dapps on Bitcoin, Solana, and any EVM chain. Enjoy native integration with Magic Eden to easily purchase, list, and sell directly from your wallet. We've also partnered with some of the best projects in the space to launch perks - exclusively for the ME Wallet. Perks rotate on a regular basis, so check regularly for the latest drops. Check out how to download ME Wallet now 🔽

Our multi-chain approach is a bet on creators. Good creators make good content regardless of their underlying chain. Our CEO Jack Lu breaks it down in this clip.

We're excited to be constantly innovating with the newest Web3 tech. Check out some highlights from our time building our Bitcoin Runes Platform. The future of BTC is on Magic Eden.

Learn how our cross-chain Wallet makes swapping to BTC easier than ever from our chad COO with an Aussie accent Zhuoxun Yin