Magic Eden Abandons Multi-Chain Push in Favor of Solana Focus

Magic Eden, one of the leading non-fungible token (NFT) marketplaces, has announced a significant change in strategy by phasing out its Bitcoin and EVM trading platforms. The decision is part of an effort to concentrate on the Solana blockchain, where the company first gained traction.

The shutdown of the Bitcoin and EVM-based marketplaces will begin in March 2026, with the cross-chain wallet transitioning into export-only mode by mid-March. Full support for these platforms will cease in early April, leaving users to transfer assets to external wallets or alternative platforms that continue to support those chains.

The move is seen as a response to the NFT market's consolidation and maturation, with Magic Eden prioritizing its core network and reducing technical complexity. By narrowing its operational scope, the company aims to allocate engineering resources more efficiently within the Solana ecosystem.