# Magic Eden (ME): D-Score 23/100 — Centralized Leaning

**BlockIndex D-Score: 23/100 (Centralized Leaning).** Magic Eden (ME) is a Layer 2 cryptocurrency using N/A consensus. Magic Eden (ME): Cross-chain NFT marketplace token powering staking, marketplace incentives, buybacks, and multi-chain NFT trading.

_Source: https://blockindex.ai/coin/me · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 23 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: N/A (N/A)
- Launch: Other (2021)
- Founder: N/A
- VC funded: No
- Max supply: 1,000,000,000
- Circulating: 577,188,210 (57.7%)

## Market data (as of 2026-06-19)
- Price: $0.06
- Market cap: $34.58M
- 24h volume: $189.22M
- 24h change: -3.72% · 7d change: +1.12%

## About
Magic Eden (ME) is the native utility token of the Magic Eden marketplace, positioned to power platform-level economic activity across a multi-chain NFT ecosystem. The token functions as a vehicle for staking, rewards distribution, buybacks, and other marketplace incentives that aim to deepen user engagement with Magic Eden’s retail products — including a mobile-friendly marketplace, launchpad/pack features, and cross-chain minting and trading. While comprehensive organizational details such as founders, an official whitepaper, or on-chain governance documentation are not included in the supplied files, the collected snapshots and product material show ME integrated tightly with marketplace product flows and tracked on major market-data platforms.

From a technical and product perspective, ME is an SPL token on Solana in the supplied sources and is described in official and market-data snapshots as playing a multi-chain role within Magic Eden’s broader ambitions. The token is used to enable staking programs with lock periods ranging from one day up to four years and to distribute rewards tied to platform activity (questing, trading, and other engagement mechanics). The sources document basic token metrics — max supply (1,000,000,000 ME), circulating supply (~350.26M ME), holder counts (154.88K in the snapshot), price, ATH/ATL and 24-hour volume — but do not include low-level infrastructure details such as decimals, chain IDs, or official on-chain governance frameworks. Because ME is a token rather than its own independent L1 blockchain, it inherits the security and consensus properties of its host chain (primarily Solana in the supplied snapshot).

In terms of tokenomics and market footprint, the snapshot data included in the supplied files shows a max supply capped at 1,000,000,000 ME with roughly 35.03% in circulation at the snapshot time. Market telemetry provided by CoinMarketCap and other captured pages shows a mid-ranked tracked token with meaningful market visibility: a snapshot price of $0.200101 USD, a market capitalization of approximately $70,088,882 USD, a 24-hour trading volume of roughly $22,393,106 USD, an all-time high of $13.24 (Dec 10, 2024) and an all-time low recorded in the supplied snapshot (Dec 23, 2025) at $0.195. The documentation in the supplied sources does not include explicit premine or PIP declarations, and the extraction did not find a formal monetary policy beyond the stated max supply and circulating figures.

Governance, legal status, and organizational transparency are limited in the supplied inputs. The extracted DScore fields indicate a corporate entity presence (Magic Eden as the company) but do not provide named executive leadership or an on-chain DAO governance mechanism in the scraped content. The dataset likewise did not include detailed developer repositories, official upgrade roadmaps, or concrete oracle/bridge integrations at high confidence, though marketplace product pages and the CoinMarketCap snapshot point to cross-chain ambitions (multiple chains listed as supported on Magic Eden’s site). For completeness and DSCORE calculations, the dataset recommends supplementing the provided files with primary on-chain records, the official tokenomics page, GitHub repositories, or project governance documentation to validate distribution metrics, premine/PIP details, node counts, and governance arrangements.

## Links
- Website: https://magiceden.us/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore