If had 's mcap →
ME needs a 1.9Kx move to match USDC's valuation
Magic Eden is the largest NFT marketplace and Runes platform.
USDC is a fully collateralized US dollar stablecoin.
FOR CONTEXT
$73.14B compared to the worldAbout this comparison
This page compares the market capitalizations of Magic Eden (ME) and USDC (USDC). With Magic Eden currently at $0.0641 per coin and a market cap of $38.89M, and USDC at $0.9999 with a market cap of $73.14B, applying USDC's market cap to Magic Eden's circulating supply produces a hypothetical ME price of $120.67 — a 1.9Kx move from current.
Magic Eden: Magic Eden is the largest NFT marketplace and Runes platform.
USDC: USDC is a fully collateralized US dollar stablecoin.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Magic Eden had USDC's market cap, what would the price be?
If Magic Eden (ME) had USDC's (USDC) current market cap of $73.14B, each ME would be worth approximately $120.67 based on the circulating supply of 606,119,951 ME. That is 1.9Kx the current ME price of $0.0641.
What is the current market cap of Magic Eden?
Magic Eden (ME) currently has a market cap of $38.89M, ranking #538 by market capitalization. Each ME trades at $0.0641.
What is the current market cap of USDC?
USDC (USDC) currently has a market cap of $73.14B, ranking #5 by market capitalization. Each USDC trades at $0.9999.
How does ME compare to USDC?
Magic Eden's market cap of $38.89M sits orders of magnitude beyond USDC's $73.14B. For ME to reach USDC's current valuation, the price would need to move 1.9Kx from its current level.
Is this comparison financial advice?
No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Magic Eden's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.