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BlockBeats News, January 19, according to nftpulse data, Magic Eden's trading volume in the past 30 days was $12.8 million, accounting for 9.1% of the NFT trading market share. The platform's 30-day revenue was only $267,000, with Solana chain trading revenue accounting for 74% and Bitcoin network trading revenue accounting for 25%. According to CoinGecko data, the current price of Magic Eden's platform token is $0.253, with a token market cap of $108 million, FDV reaching $253 million, and a 24-hour trading volume of $110 million. If the NFT market trading activity remains at its current level, and based on Magic Eden's "15% revenue invested into the ME ecosystem" strategy that will go live on February 1, this policy would only allow for about $20,000 per month to be spent on ME buybacks. As previously reported by BlockBeats, Magic Eden announced that starting February 1, 15% of its revenue will be directly invested into the ME token ecosystem. This portion of the revenue will be evenly split, with 50% used to buy back ME tokens on the open market and 50% distributed to ME stakers in USDC according to staking weight.

Foresight News reported that Solana ecosystem Prime broker Project 0 announced the release of several new features today: For users, these include Strategy v2, directional trading, dark mode, and profit and loss status; for integrators, documentation, DEX SuperAgg (routing and clearing tool), third-party points display, and the P0 SDK have been launched. Strategy v2 offers a smarter interface that can capture unified price differences across multiple trading platforms and allows users to take directional positions on P0.

PANews, January 19 — According to official sources, Magic Eden announced that starting from February 1, the platform will inject 15% of all its revenue directly into the ME token ecosystem to establish long-term value sharing between the platform and the ecosystem. This portion of revenue will be evenly allocated: 50% will be used to buy back ME tokens on the open market, and 50% will be distributed to $ME stakers in USDC according to staking weight. This move will replace the previous buyback mechanism, which was limited to market revenue only. USDC rewards can be claimed monthly, with the first claim available in March. Rewards must be claimed within 90 days, otherwise they will expire.