Magic Eden has launched Season 2 of its rewards program, offering users new ways to earn incentives for trading non-fungible tokens (NFTs), swapping tokens, and staking on the platform.
Magic Eden Enhances User Rewards with Season 2 Launch
The NFT marketplace Magic Eden has introduced Season 2 of its rewards program, designed to incentivize user activity with a clearer and simpler structure. Rewards are now based solely on trading volume and staking power, allowing participants to focus on their preferred activities while climbing an updated leaderboard.
Eligible actions include buying or selling NFTs, completing token swaps, and trading Bitcoin-based Runes, with all supported blockchains counting toward rewards. Notably, only native Magic Eden listings qualify, and inorganic trading may result in penalties. The announcement noted that the leaderboard refreshes hourly, adding a competitive edge.
Staking plays a pivotal role, with rewards multiplied by both the amount staked and lock-up duration. The Magic Eden team disclosed that users can link multiple wallets to aggregate staking power, maximizing their rankings. The program emphasizes transparency, with payouts tied to individual performance rather than percentile tiers.
Magic Eden also said that it plans to soon add “Lucky Buy” as another reward-earning activity. Season 2 runs until mid-August, when rewards will be distributed. The NFT marketplace stressed that the update aims to make tracking progress more engaging, with visual UX enhancements and real-time leaderboard updates. By simplifying the mechanics, Magic Eden hopes to attract broader participation in its growing ecosystem.
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