The two new features added to the Magic Eden application will enable the Solana community to have a close hold on their NFT portfolio and any price movements on the same.
App’s Utility Gets a Boost
The mobile users of Magic Eden’s platform have received two immensely helpful updates to benefit from on the application.
The Solana-based NFT marketplace revealed two new features to their Android and Apple-based mobile application on May 2. Magic Eden is one of the largest NFT marketplaces based on the Solana network among other competitor marketplaces like SolSea, Solanart, and Metaplex. The platform’s new update to the mobile application is known as “Magic Eden V2.4.0.”
The Magic Eden mobile application has received two main updates as listed below:
The ability to view price charts and see the trends of the NFT collection’s valuation over time.
Users can now access their watchlist from the “Profile” tab enabling users to monitor their favorite collections at a click of a button.
As previously reported by Web3Wire, the total volume of SOL traded on Magic Eden surpassed the 10,000,000 mark on April 16. At the time of writing, this number has grown to 12,632,395 SOL, pointing to a consistent growth in traffic on the platform. The most popular collections on the marketplace in the last 30 days are Okay Bears, DeGods, Cets on Creck, Degen Dojo and Blocksmith Labs among others. The Degen DeGods collection has appreciated over 4,000% in just over 15 weeks, as per data from CoinMarketCap.
Read our guide on how to buy Non-Fungible Tokens (NFTs) on Magic Eden here!
What is Magic Eden:
Magic Eden is a Solana based NFT marketplace that facilitates the buying, selling, and minting of NFTs. The NFT transactions are very similar to Ethereum transactions, except that users will have a 0% listing fee and only a 2% transaction fee, lowering the entry barriers for both new and experienced NFT buyers and creators. SOL tokens are the fee payment method. With a market share of more than 90% in secondary trading volume on Solana, Magic Eden offers the most liquidity to creators. Since launch, Magic Eden has done $200M in trading volume in its first two months to become the dominant NFT platform on Solana.
Find more about the Magic Eden here:
Source : web3wire.news
