According to an official post it shared via its X page, Magic Eden, a star from the NFT boom era, will now allocate 15% of all platform revenue to buybacks and According to an official post it shared via its X page, Magic Eden, a star from the NFT boom era, will now allocate 15% of all platform revenue to buybacks and

Magic Eden plans to set aside up to 15% of platform revenue for buybacks and yield

According to an official post it shared via its X page, Magic Eden, a star from the NFT boom era, will now allocate 15% of all platform revenue to buybacks and staking rewards as of next month to redistribute value in the $ME token ecosystem. 

The new program is a spinoff of its earlier buyback program, which started in late 2025 and initially focused 15-30% of fee revenue generated from the secondary marketplace on the $ME token and NFT repurchases.

Magic Eden unveils buybacks and USDC staking rewards 

This new model expands on that. It is scheduled to take effect from February 1 and will cover revenue from the entire platform, including NFTs, packs, predictions, and other features. 

“The goal is simple. When Magic Eden wins, the ecosystem wins too,” the announcement shared on X read. It also revealed the revenue will be split evenly, with 50% going to $ME buybacks while the other 50% will be distributed as USDC rewards to $ME stakers, based on staking power. 

The post claims that the existing marketplace-only $ME buybacks are being replaced by this ecosystem-wide system, and staking power is determined by how much users stake and how long they stake it. 

The USDC rewards will reportedly be claimable monthly, with the first claim to be made available in March for February activity. Those rewards will remain available for 90 days after that and must be claimed within that time frame. 

The post did not elaborate on what will happen to unclaimed rewards after that time lapses. 

The hybrid model has caught the interest of community members as it rewards long-term holders with real USDC yield, which could encourage fresh inflow and also reduce sell pressure on the token itself, all while providing buy support. 

Some analysts estimate it could also deliver alluring APYs for stakers based on current revenue and staking levels. However, it should be noted that the actual yield will be tied directly to platform performance. 

Magic Eden expanded beyond NFT trading since volumes declined 

Magic Eden burst onto the NFT scene in 2021 and quickly dominated the sector, becoming prominent by offering low fees and creator-friendly tools. Over the years, it has facilitated over $15 billion in NFT trading volume. 

However, after NFT trading volumes started to decline, the team had to make a decision: become obscure just like NFTs or pivot to stay relevant. It chose to pivot, quickly evolving over time into more than just a simple NFT marketplace to build a diverse set of revenue streams, which is why, in 2026, even though NFTs no longer command as much attention, it is still kicking. 

That meaningful pivot started heating up between 2024 and 2025. It started by launching its own crypto wallet, which allows users to store and manage not only NFTs but also fungible cryptocurrency. 

“We certainly are not retrenching our investment into NFTs; we are ramping it up even more,” Chief Executive Jack Lu said. “However, crypto does have a lot of ups and downs, and for us to diversify into more categories and use cases, that makes us more resilient and stronger.”

That development happened in January 2024 and marked its shift toward a platform that supported all chains and all assets. By April 2025, it announced the acquisition of Slingshot, a mobile-first on-chain crypto trading app, and it was described as the platform’s biggest move beyond NFTs, as it facilitated token trading across millions of tokens and multiple chains. 

Magic Eden as a hub for crypto entertainment 

The Slingshot purchase positioned the ME platform as a rival of CEXs and helped it diversify revenue into token trading. By the middle of 2025 and towards the end of the year, it had introduced more gamified entertainment features that helped it evolve into a crypto entertainment platform. 

Towards the end of 2025, it continued its rebranding as a hub for on-chain entertainment, offering more gaming features and prediction markets, developments that kept encouraging activity on the platform while generating revenue in the process.

Join a premium crypto trading community free for 30 days - normally $100/mo.

Market Opportunity
MAGIC Logo
MAGIC Price(MAGIC)
$0.09168
$0.09168$0.09168
-1.39%
USD
MAGIC (MAGIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
XRP Yield Strategies vs. Traditional Staking: Which Offers the Highest Returns for Long-Term Holders?

XRP Yield Strategies vs. Traditional Staking: Which Offers the Highest Returns for Long-Term Holders?

[January 20, 2026] — As the cryptocurrency market matures, investors are no longer content with simply holding (HODL) but are beginning to seek the “productivity
Share
Coincentral2026/01/20 23:25
Value Gene Report: Humanoid Robots to Reshape Food Manufacturing Within Six Years as Labor Crisis Deepens

Value Gene Report: Humanoid Robots to Reshape Food Manufacturing Within Six Years as Labor Crisis Deepens

DALLAS, Jan. 20, 2026 /PRNewswire/ — Value Gene Consulting Group today released a new report, “How Humanoids Will Reshape Food Manufacturing,” stating that humanoids
Share
AI Journal2026/01/20 23:15