Magic Eden CEO and co-founder Jack Lu says the crypto trade is coming into a “hypothesis supercycle,” pushed by a increase in prediction markets and betting platforms which can be mixing finance with leisure.
“Hypothesis is mainstream now. And Magic Eden is constructing for this world,” Lu posted to X on Monday.
“Prediction markets are throughout Emmys and the information. Betting is the second quickest rising trade within the US after AI. Sportsbook sponsorships are throughout everybody’s favourite sports activities broadcasts. Hyper informal video games + real-money gaming are converging.”
Lu’s remarks come as prediction markets’ buying and selling volumes reached a report $814.2 million on Monday, smashing the earlier report of $701.7 million final Monday, Dune Analytics knowledge exhibits.
Kalshi continues to guide buying and selling volumes throughout politics, finance, sports activities, and leisure markets, whereas Polymarket and Opinion are additionally performing strongly.
Magic Eden to capitalize on hypothesis
In the identical publish, Lu confirmed that its new crypto on line casino and sportsbook platform Dicey will launch this quarter. The platform is designed to let customers host video games and wager in a decentralized surroundings, based on the corporate.
Earlier on Monday, Magic Eden mentioned tokenholders may even get a reduce of any new initiatives.
A complete of 15% of Magic Eden’s income might be allotted to ME (ME) token holders, the corporate mentioned.
This income might be break up equally between ME buybacks and staking rewards, paid out within the USDC (USDC) stablecoin.
Income earned from staking might be primarily based on how a lot ME is staked and for a way lengthy, with USDC rewards claimable month-to-month ranging from March.
NFT trade struggles to bounce again
The bulletins come after the NFT market cap fell 68% from $7.95 billion to $2.5 billion in 2025, CoinGecko knowledge exhibits.
Organizers of the NFT Paris convention mentioned the market pullback contributed to their canceling the occasion this yr.
“Regardless of drastic value cuts and months of attempting to make it work, we could not pull it off this yr.”
Associated: Animoca buys Somo as NFT market rebounds early in 2026
Lu mentioned Magic Eden plans to broaden past NFTs as speculation-driven merchandise achieve mainstream traction.
The NFT market has began strongly in 2026, with the NFT market cap again over $3 billion, a 28% enhance over the primary 20 days.
Journal: One metric exhibits crypto is now in a bear market: Carl ‘The Moon’
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