Magic Eden is the leading multi-chain NFT marketplace, supporting NFT discovery and trading across 13 chains, including Solana, Ethereum, and Bitcoin. In addition to its marketplace, Magic Eden provides users with a comprehensive, multi-chain Web3 app, that allows users to easily manage, swap, bridge, and top-up tokens all in one place. The Magic Eden app is used by over 500k users globally with more than 100k daily wallet transactions.
The Challenge
In the fast-moving world of crypto and DeFi, new tokens and chains emerge daily. Users often find themselves juggling multiple wallets and apps to stay ahead and leverage new opportunities. For the Magic Eden app, the goal was clear: simplify the DeFi experience for their users by providing a unified app to discover, manage, and trade tokens across various blockchains seamlessly. Ensuring users had real-time access to accurate and comprehensive token data was vital to achieving this vision.
Why Magic Eden Chose CoinGecko API
Magic Eden integrated CoinGecko API as a core data provider due to its reputation for accuracy, real-time delivery, and consistent reliability. Given the fast-moving nature of the industry, Magic Eden required not just comprehensive token coverage but a solution that could scale alongside their rapidly evolving app infrastructure. CoinGecko’s speed in listing new crypto assets and chains allowed Magic Eden to stay agile in responding to market developments. Additionally, its reputation as a trusted and neutral data source reinforced user confidence in the market data displayed within the Magic Eden app. This made CoinGecko a natural fit to power the app’s multi-chain token discovery, trading, and management experience.
How Magic Eden Leverages CoinGecko API
Magic Eden integrated CoinGecko's real-time crypto price and market data directly into its app, making it easy for users to discover trending tokens, gain market insights, and confidently transact—all in one app.
Portfolio Value at a Glance
Magic Eden app users can instantly see their live portfolio value in USD alongside real-time prices for coins and tokens they hold.
This feature utilizes the CoinGecko /coins/markets endpoint, providing accurate, updated market data at a glance.
Token Discovery and Trading
Magic Eden’s Discover page allows users to explore trending tokens and spot opportunities. Tokens can also be easily verified by searching for their contract address. Selecting a token reveals key market insights such as market cap, fully diluted valuation (FDV), 24-hour trading volume, and liquidity to help make informed trading decisions.
The trending tokens, contract address search, and individual token detail pages all leverage CoinGecko API’s /onchain/networks/{network}/tokens/multi/{addresses} endpoint, providing easy access to detailed, real-time market data, including the top 50 trending tokens across selected networks.
Business and User Outcomes
CoinGecko’s API has been a foundational component for Magic Eden, enabling them to rapidly integrate new assets and stay ahead of market shifts. By streamlining how token data is sourced and updated, the API powers Magic Eden without straining their product infrastructure. This consistent access to trusted, real-time data not only enhances user confidence but reinforces the wallet’s credibility in a competitive space. For users, the result is a single, intuitive platform where they can monitor prices, discover opportunities, and trade seamlessly—without needing to toggle between apps. For Magic Eden, it means higher retention and product stickiness, as the wallet stands out from its competitors through depth and ease of use.
“Without this API integration, several of our core features would be blocked from launching or scaling effectively. It has become an indispensable part of our infrastructure, ensuring users have immediate access to the most up-to-date and accurate trading data needed to make informed decisions quickly and confidently.”
Magic Eden’s Roadmap
Looking ahead, Magic Eden plans to further leverage CoinGecko's API through Slingshot Finance—the first chain-abstracted trading app now operated by Magic Eden following its acquisition. Slingshot lets users trade any token on any blockchain using a universal USDC balance, and will soon implement deeper integrations with Magic Eden’s NFT marketplace to continue making DeFi easier and more accessible for everyone.
Conclusion
Magic Eden’s integration of CoinGecko’s API continues to demonstrate the strategic advantage of accurate, real-time data in delivering superior user experiences that drive meaningful business outcomes. By streamlining the complex multi-chain environment into a seamless experience, Magic Eden continues to set the standard for user-centric DeFi apps.
