Editorial staff
The Runes token standard has expanded the world of Bitcoin-powered fungible tokens, bringing you new opportunities to trade and join the ever-growing Bitcoin ecosystem.
Runes are considered to be an upgrade of the BRC-20 standard, which is another popular set of rules for launching fungible tokens on the most popular blockchain. Subsequently, multiple marketplaces have started supporting Runes, including Magic Eden. This platform is known for its user-friendly interface, support of thousands of Runes, low fees, and features such as swapping and Full Mempool Protection.
This review explores Magic Eden in more detail, what it offers for Runes traders, its pros and cons, and whether you should choose this platform for your Runes endeavors.
What Is Magic Eden?
Magic Eden is a leading multi-chain NFT marketplace that has become a key player in the Bitcoin ecosystem, particularly with its support for the Runes protocol.
The platform allows you not only to trade NFTs across 12 blockchains, but also to create and mint your own NFT collections and inscribe Ordinals, also known as Bitcoin NFTs.
Therefore, NFT and Runes traders can find all the tools here that help them buy and sell top tokens and discover new gems while enjoying predictable and low fees. Moreover, you can mint your own Rune token via Magic Eden’s partner, Luminex.
What Is Magic Eden’s Runes Marketplace?
Magic Eden's Runes Marketplace allows you to buy, sell, and swap thousands of Runes, including top tokens such as DOG•GO•TO•THE•MOON, MAGIC•INTERNET•MONEY, PUPS•WORLD•PEACE, and more.
It is also known for its substantial trading volume, with hundreds of millions of dollars worth of Runes tokens already traded on this marketplace. For example, the total DOG•GO•TO•THE•MOON trading volume alone has already surpassed $240 million.
The list of supported Runes is constantly updated, allowing traders to find potential new gems, while also helping them manage all their trades in the Runes-dedicated portfolio section.
Besides the usual market data, such as the price, market cap, and trading volume on Magic Eden’s Runes marketplace, you can also find data on how many holders a specific Rune has and how many trades they've executed.
Moreover, the market now has a list of more than 50 'Badged' Runes, meaning that they've been verified by Magic Eden, providing traders extra security.
Click here to buy and sell Runes on Magic Eden.
Magic Eden’s Key Features
Magic Eden keeps updating its marketplace regularly to bring you new assets to trade, features, and improve your overall experience on this platform. Here are some of the key Runes-related features on this marketplace.
Seamless User Interface
Magic Eden’s user-friendly interface simplifies discovering, buying, selling, and swapping Runes while also helping you to easily track trends in this market. You can also quickly switch between all Runes and the ‘Badged’ ones.
Moreover, the marketplace provides a convenient filter for those looking for Runes based on a specific trading volume, market cap, number of holders, and trade range.
Editorial staff
