Magic Eden, the NFT marketplace that rose to fame on Solana, is pulling the plug on its Bitcoin and Ethereum-based chains. According to new reports, the platform plans to close its Bitcoin Ordinals and EVM (Ethereum, Polygon, Avalanche) marketplaces in the first week of March 2026. Its cross-chain wallet will enter export-only mode by mid-March and cease all services in early April. Solana-based NFTs and assets will remain fully supported.
From Solana Roots to Multi-Chain — and Back
Magic Eden first gained traction by offering a smooth NFT trading experience on the high-throughput Solana blockchain. In an effort to capture a broader share of the NFT boom, the company later expanded into Bitcoin Ordinals and multiple EVM chains. Now, less than two years after that expansion, it is reversing course.
The move is described as a strategic realignment rather than a retreat. The bulk of Magic Eden's trading volume has always come from Solana. Running separate marketplaces for Bitcoin and EVM chains added operational complexity and diluted engineering focus. By doubling down on its original ecosystem, the company aims to tighten liquidity, enhance features, and deepen community engagement where its user base remains largest.
Deadlines for Users: Withdraw or Lose Access
Users holding assets on the Bitcoin or EVM marketplaces, or within the multi-chain wallet, are urged to act before the cutoff dates. After the market closure in early March, listings and trades will no longer be possible. Once the wallet goes into export-only mode in mid-March, users can only withdraw funds — no sending or swapping. And after early April, the wallet will be completely disabled. Failure to move assets in time could result in permanent loss of access.
Magic Eden's decision also mirrors broader trends in the NFT space. After the post-2024 market correction, the one-size-fits-all multi-chain strategy has lost its luster. Platforms are increasingly choosing specialization over sprawl — focusing on one ecosystem, doing it well, and cutting loose the rest. Magic Eden's pivot may be just one of many such consolidations to come.