2026-01-20 02:21:09

Magic Eden pulling in $24M revenue throughout 2025 is honestly impressive given how rough NFT sentiment has been. The numbers speak louder than the noise.

Now, about token buybacks—I'm still undecided on whether they actually move the needle long-term. What I've noticed though? They've generally been a drag on token performance so far. At least in my observation.

As for staking mechanics, that's where things really need rethinking heading into 2026. Direct USDC rewards feel stale at this point—the whole model screams for an overhaul. There's gotta be something better than just straight payouts to make it worthwhile for holders.

USDC0.05%

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FOMOSapien

· 1h ago

ngl 24M can still be taken out in this market environment, which really shows some skill, but the buyback operation really doesn't make much sense and actually drags down the token price. I just don't understand. Pledging directly to get USDC? Wake up, it's 2026 and you're still playing this game. Can't you come up with some new tricks? The staking mechanism of $ME really needs to be redesigned, or else no one will care about that little bit of USDC.

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GlueGuy

· 14h ago

$24 million, still able to do this in this crappy NFT market, really shows some skill As for buybacks, honestly I don't see any long-term effect; it actually drags down the token price, that's the truth Staking directly with USDC is a bit outrageous, need some new tricks

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MoonWaterDroplets

· 14h ago

24M in revenue is quite good in this environment, but the buyback approach really hasn't shown much effect... --- Staking just issuing USDC is a bit boring; we need some new tricks. --- It's already not easy for Magic Eden to survive until now; the NFT space is indeed cold... --- They've been throwing money into buyback for a long time, but the token still keeps falling. I really can't understand where the logic is. --- By 2026, staking needs to be redesigned; the method of directly issuing tokens should have been phased out long ago. --- 24M is not bad, but it seems that token holders still aren't getting many benefits.

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GasOptimizer

· 14h ago

The NFT market is so bleak but still pulls in 24M, Magic Eden really has something going on. As for buybacks... honestly, I haven't seen much effect, and it even seems to drag down the token price. Staking directly in USDC? It should have been changed long ago; this tactic is too outdated.

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