TLDR Crypto · INNOVATION & LAUNCHES

BITCOIN RUNES COMING TO MAGIC EDEN AFTER ORDINALS BET PAYS OFF

decrypt.co3 min read

Summary from the TLDR Crypto newsletter

After seeing success with Bitcoin Ordinals trading, NFT marketplace Magic Eden has announced that it will support Bitcoin’s Runes fungible token standard upon its April 20th release. Ordinals trading has helped Magic Eden capture a large portion of NFT trading volume, taking 52% across all chains over the past 24 hours, with 69% coming from Ordinals. Magic Eden currently has a Diamonds rewards program, incentivizing traders to use the platform in anticipation of a future token.