On March 30th, Magic Eden launched its platform on the Avalanche blockchain.
This opens the door for users and creators to engage with digital art, collectibles, and more. This move from Magic Eden to a fast, scalable network like Avalanche makes this possible.
Why Avalanche? The Appeal of AVAX
Avalanche has been gaining traction as a blockchain that prioritizes speed and low transaction costs. These are two critical factors that are especially important in the fast-moving NFT market. Unlike Ethereum, which has faced challenges with network congestion and high fees, AVAX offers a more scalable solution. This makes it an attractive option for both creators and collectors looking to buy and sell NFTs without the hefty transaction fees associated with other blockchains.
It’s snowing in April – Magic Eden is LIVE on @AVAX
Celebrate with us by minting a free OE where KET, WINK, BLUB and WOOF attend memeschool. pic.twitter.com/JrpMhq4hU9
— Magic Eden
(@MagicEden) April 30, 2025
Magic Eden’s decision to expand to Avalanche is a direct response to these challenges. By tapping into AVAX’s high throughput and low fees, Magic Eden can provide a seamless, user-friendly experience for both novice buyers and experienced NFT investors. Avalanche’s ecosystem is also growing rapidly, with numerous projects already on the blockchain, including gaming platforms, DeFi protocols, and other NFTs.
More About Avalanche
Liquid staking is quickly becoming a foundational capital layer for DeFi on Avalanche, allowing users to stake their AVAX while still using their assets across decentralized applications. With over $245 million currently staked through providers like Benqi Finance, GoGoPool, and Yield Yak, Avalanche’s liquid staking ecosystem is gaining traction.
Liquid staking is becoming a capital layer for DeFi on Avalanche, with $245M+ staked across providers like @BenqiFinance, @GoGoPool_, and @yieldyak_.
Projects like @upshift_fi build cross-chain prime brokerage around LSTs, while @SuzakuNetwork enables restaking to support…
— Avalanche
These platforms enable stakers to earn rewards and access liquidity at the same time, fueling lending, trading, and yield strategies throughout the network. This growing trend highlights how liquid staking is turning idle assets into productive capital, strengthening Avalanche’s DeFi landscape.
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