Magic Eden Shuts Down Bitcoin and EVM Trading Platforms

Magic Eden, a prominent NFT marketplace, has announced plans to discontinue its Bitcoin and Ethereum Virtual Machine (EVM) based trading platforms. The move is part of a strategic realignment aimed at streamlining operational complexity and refocusing engineering resources on the Solana ecosystem.

The platform will continue to support Solana-based assets, allowing users to buy, sell, and trade digital collectibles on the high-throughput network. However, users are urged to withdraw any assets held in the Bitcoin and EVM marketplaces or within the multi-chain wallet before support ends.

Magic Eden's decision highlights broader market trends toward specialization and platform consolidation. By concentrating on its core Solana business, the company aims to strengthen features, liquidity, and community engagement within its original ecosystem.