Magic Eden is a multi-chain supported non-fungible token (NFT) trading marketplace that has rapidly risen to become one of the leading platforms in the market by 2024, thanks to its presence across multiple blockchain ecosystems such as Solana, Ethereum, Polygon, and Bitcoin. Since its launch in September 2021, Magic Eden has quickly expanded its market share through its cross-chain marketplace and innovative features, particularly after integrating Bitcoin Ordinals, becoming an important player in the field. This research aims to analyze its economic model, market position, and future development direction, assessing its future growth potential.