Magic Eden Launches BTC Diamond Rewards for Ordinals Traders, Hits $56M Volume

May 2, 2024, 01:42 PM

Magic Eden has launched a new rewards program, offering Bitcoin (BTC) rewards as part of its cross-chain rewards initiative. The program includes earning 'Diamonds' for purchasing over other quests and a retroactive 'BTC Diamond Retro Claim' for past actions on Bitcoin. This initiative is described as the biggest of its kind in the cross-chain rewards space. Additionally, Magic Eden's Bitcoin Runes platform has reported significant activity, with $56 million in volume since its launch and 21,000 Runes transactions totaling 189.6 BTC in less than two weeks. The program, known as Magic Eden Diamond Rewards, specifically targets Ordinals traders.