Magic Eden, one of the most well-known NFT platforms that started in the Solana ecosystem, has announced that it will shut down its Bitcoin and EVM-based NFT marketplaces. The company will also stop supporting its multi-chain wallet.
Magic Eden shifting focus back to Solana
According to recent reports, Magic Eden plans to close its marketplaces for Bitcoin NFTs and assets built on Ethereum Virtual Machine networks. This includes platforms connected to chains like Ethereum, Polygon, and Avalanche.
The shutdown will start in the first week of March 2026.
The company’s multi-chain wallet will first switch to export-only mode by mid-March, meaning users will only be able to withdraw their assets. After that, the wallet service will be fully shut down in early April.
Despite these changes, Magic Eden will continue supporting NFTs and assets on Solana, which remains the platform’s original and strongest ecosystem.
A return to its roots
Magic Eden first became popular by making it easy for users to buy, sell, and trade NFTs on Solana. The platform later expanded into other chains, including Bitcoin Ordinals and EVM networks, to capture a larger share of the growing NFT market.
Now, the company appears to be refocusing on what worked best for it.
Most of Magic Eden’s trading activity has historically come from Solana. By concentrating on that ecosystem again, the company hopes to simplify its operations and focus its development efforts on improving features, liquidity, and community growth.
Important message for users
Users who still have assets in the Bitcoin or EVM marketplaces, or inside the multi-chain wallet, are being asked to withdraw their funds before the services shut down.
If assets are not withdrawn before the deadlines, users could lose access to them once the services are terminated.
The move also reflects a bigger trend in the NFT industry. As the market matures, many platforms are choosing to specialize in specific ecosystems instead of trying to support every blockchain at once.
