Magic Eden just published its 2025 financial results, landing at $24M in revenue. What caught attention was their token allocation strategy moving forward—15% of revenue will be directed into two channels: token buybacks and staking rewards for holders.

The numbers get interesting when you start modeling different scenarios. Using current token supply at 21M, analysts ran projections on what this distribution framework could yield if 2026 revenue scales at various growth rates. Even conservative scenarios show meaningful APY potential for stakers, though actual returns depend heavily on whether the platform's transaction volume accelerates as expected.

This structure mirrors patterns seen across mature Web3 platforms—combining buyback mechanics for price support with direct staking yields to incentivize long-term holding. The key variable remains whether Magic Eden can sustain or grow that revenue base in an increasingly competitive NFT marketplace.