Magic Eden, the major digital collectibles marketplace, announced that it has expanded its blockchain infrastructure by adding BeraChain and ApeChain to its platform.
Magic Eden, the major digital collectibles marketplace, announced that it has expanded its blockchain infrastructure by adding BeraChain and ApeChain to its platform. This is a big step up in its multi-chain drive. With this development, the number of blockchains supported on the platform increases to nine, moving closer to its year-end goal of 10 integrated networks.
This expansion comes as ApeChain's recently launched mainnet posted some impressive initial metrics: more than 360,000 transactions and over 1,200 contracts deployed. The launch briefly fired up the market performance of ApeCoin, with the token gaining 80% over the past week, according to CoinMarketCap data.
Rising to prominence with its proof-of-liquidity consensus mechanism and three native tokens, namely BEX, BGT, and HONEY, BeraChain now joins the integration in the wake of the successful $100 million Series B funding round earlier this year. Adding the blockchain to the Magic Eden ecosystem is yet another step toward the platform’s ambitious expansion strategy.
Recent analytics from Dune, compiled by Sealaunch, underpin some interesting trends in Magic Eden's transaction patterns. The powerhouses leading the platform are Solana and Bitcoin, each commanding about 42% of the transaction volume this October. Ethereum, despite its dominance in the broader market, makes up about 15% of platform activity, while less than 1% of the transactions remain with Polygon.
Solana also dominates all metrics concerning sales volume and even user engagement. It claims more than 72% of the total sales and draws in almost 68% of all buyers, a sure sign of its leading role in the Magic Eden ecosystem.
Further ahead, Magic Eden is already envisioning its future integrations, including the support of Monad, the upcoming layer-1 blockchain, at its testnet launch.
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