Magic Eden shutters Bitcoin and EVM marketplaces after commanding 80% of Ordinals volume, pivots back to Solana-only

Magic Eden, one of the largest NFT marketplaces and historically the dominant venue for Solana NFTs, is winding down its Bitcoin Ordinals and EVM (Ethereum-compatible) marketplaces and reverting to a Solana‑only trading focus. The move was first reported via sources to Blockspace and related social posts, which said Magic Eden will shut its Bitcoin and EVM marketplaces in the first week of March and subsequently sunset its cross‑chain wallet, leaving Solana as the only supported ecosystem. Magic Eden’s own support documentation confirms that marketplace support for EVM chains and Bitcoin ends on March 9, with remaining Bitcoin services (including Runes APIs) discontinued on March 27, and the Magic Eden Wallet phased out between April 1 and May 1. The pivot follows a period in which Magic Eden aggressively expanded beyond Solana, at one point capturing a leading share of Bitcoin Ordinals trading volume and operating across multiple EVM chains such as Ethereum, Polygon, and Avalanche. According to Blockspace, the decision reflects a broader strategic shift: Magic Eden has been moving away from pure NFT marketplace operations toward what CEO Jack Lu has described as “crypto entertainment,” including token trading and prediction‑style experiences, while consolidating engineering and liquidity around its strongest franchise on Solana. For users, the shutdown means Bitcoin and EVM listings and order books will disappear from the interface after March 9, and they must export or move assets out of the Magic Eden Wallet before the final shutdown in May to avoid losing access. The change reshapes the competitive landscape in Ordinals and multi‑chain NFT trading, while reinforcing Solana’s position as Magic Eden’s core ecosystem.

✨ AI-generated background, compiled from web sources — not editorial content.

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