Magic Eden
ME
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.
AI Analysis
Comprehensive evaluation of the token
Magic Eden (ME) Overall Evaluation
Magic Eden’s ME token underpins the leading Solana NFT marketplace, offering strong community engagement and clear utility (governance, staking, fee discounts). Development on the core protocol remains modest, and large token unlocks plus centralized governance introduce potential sell‐pressure risks. Competition from Blur and OpenSea, along with the lack of deflationary mechanics, may constrain demand. The team is credible and the SPL-standard token carries low contract risk, but the absence of dedicated audits and sparse dev updates warrant caution.
Pros:
- Robust community (50k+ Discord, 150k+ Twitter)
- Transparent vesting and clear utility drivers
- Low smart-contract risk via audited SPL standard
Cons:
- Modest core-protocol development and fragmented repo activity
- Large vested supply unlocks could pressure price
- Governance still partly centralized, no burn mechanism
Overall, ME scores ~7/10 with Medium risk. Suitable for speculative positions in a diversified portfolio, with upside tied to sustained marketplace volume and roadmap execution.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Magic Eden (ME)
Magic Eden (ME)
Magic Eden (ME) is the native utility and governance token of the Magic Eden NFT marketplace on the Solana blockchain. Designed to fuel platform growth and community engagement, ME enables holders to participate in governance, earn staking rewards, and access exclusive benefits.
Key Features
- Governance & Voting: ME holders can propose and vote on protocol upgrades, fee structures, and ecosystem initiatives.
- Staking Rewards: Lock ME tokens to earn rewards and support network security.
- Fee Discounts: Receive reduced trading and listing fees when using ME on the Magic Eden platform.
- Ecosystem Growth: Foster partnerships, developer grants, and NFT drops through token-driven incentives.
Use Cases
- Participate in decentralized governance decisions
- Stake ME for passive rewards and platform perks
- Unlock fee discounts across NFT trading and minting
Magic Eden (ME) combines token-based governance with utility-driven incentives to enhance the NFT trading experience on Solana. For the latest updates and detailed tokenomics, refer to the official Magic Eden documentation.
Similar Rated Tokens
More for DeFi Investors
- Yield Farming Analysis: Discover the best tools and strategies for maximizing your returns from yield farming in DeFi.
- AI vs Fundamentals: See how Token Vitals combines AI crypto price prediction with fundamental analysis for a balanced investment perspective.
- Risk Scores Explained: Learn how our crypto risk scores differ from traditional credit scores and what that means for your portfolio.
- On-Chain Metrics: Understand which on-chain metrics matter most when investing in tokens and how to use them effectively.
- US Investor Analytics: Access crypto analytics designed for US investors, including features to help with tax tracking and compliance.
- Finding Value: Explore our data-driven lists to uncover top undervalued DeFi tokens for 2025 and beyond.