Magic Eden

3 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Aug 4, 2022 by Avichal Garg · said 7 times in 1 episodes since 2022 · across every show →

Mentions by year

brought up most by Manish Gandhi (6), Avichal Garg (1)

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Everything said about Magic Eden, oldest first

Aug 4, 2022 positive
Assertion Supported
Magic Eden captured 95 percent Solana market share in nine months
“And Magic Eden has, in nine months, gone from zero to 95% market share on Solana.”
Avichal Garg Aug 4, 2022 ▶ 50:19 Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
Aug 4, 2022 bullish
Assertion Partly supported
Magic Eden generates hundreds of millions in revenue run rate
“You look at something like Magic Eden on Solana, the run rate for that business is hundreds of millions of dollars a year. The GMV is billions and billions of dollars a year of assets being purchased, and that's on another new L-one in Solana.”
Avichal Garg Aug 4, 2022 ▶ 22:33 Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
Aug 4, 2022 bullish
Disclosure
Magic Eden had a $100M revenue run rate when Electric Capital invested
“At the time that we made the investment, they were doing like a hundred million or so annualized run rate, ARR for their business.”
Avichal Garg Aug 4, 2022 ▶ 50:25 Avichal Garg – Programmer-Centric Crypto Investing at Electric (Manager Meetings, EP.34)
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