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wale.moca 🐳· 2026-01-19 17:26
Jack, CEO of Magic Eden, just released their revenue numbers.For 2025 it was $24M USD.Going forward, 15% of that will go into both token buybacks and USD rewards for stakers.Did some math on what this could mean at different revenue numbers for 2026, currently there are 21M $ME tokens staked, with similar revenue numbers we are looking at 30% APY and something like $89 USD per 1,000 $ME staked.Of course this fluctuates depending on revenue and staking numbers.Partnered with them to bring some awareness to t ...