xiyu
xiyu|Aug 08, 2025 03:24
The rune market is improving and remains the most comprehensive coin issuance protocol in the Bitcoin ecosystem at present. Decentralized, secure, native, user-friendly, and stable. After OKX takes down the rune market, it is unlikely to return in the short term, mainly considering market heat. Magiceden is no longer working. They have been dragged into the water by tokens, and everything stems from the $me staking mechanism that does not give users any profit. Previously loyal users have become their hostages and are now desperately trying to boost trading volume, hoping to recoup their investment by airdropping a few times. Ordinary users are directly cut and subsidized to staking users. Even so, both types of users are struggling to recoup their costs, and the main reasons for all of this are team crashes and rat traps. In this environment, I don't think Magicden will reach its previous height. At present, there is still a lack of a trading market that can be played, and we hope that a capable development team can continue to work on it.
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