Key Takeaways
- Magic Eden will sunset Bitcoin and EVM support, focusing on the Solana ecosystem and blockchain gaming.
- The company experienced operational challenges due to multi-chain services that offered limited revenue.
- Support for Bitcoin and EVM services will end on March 9, 2026, with the Bitcoin API shutting down shortly after.
- Magic Eden will redirect resources towards Dicey, a Solana-based casino currently in beta testing.
- The $ME token will remain active, with plans for expanded usage in the marketplace and gaming products.
Magic Eden sunsets Bitcoin and EVM support as part of a new strategic shift. The NFT marketplace will focus on the Solana ecosystem and develop blockchain-based gaming products. The change follows a review of the company’s multi-chain operations.
Magic Eden originally launched as a marketplace for Solana NFTs. The platform grew quickly during the NFT boom in 2021. Low transaction fees and fast network speeds helped attract creators and traders. The company later became one of the largest NFT marketplaces on the Solana blockchain.
In 2023 and 2024, Magic Eden expanded its services to other blockchains. The marketplace introduced support for Bitcoin Ordinals and several Ethereum Virtual Machine networks. These included Ethereum, Polygon, and Base. The expansion allowed users to trade assets across multiple blockchain ecosystems.
Multi-Chain Expansion and Market Changes
The multi-chain approach required additional infrastructure and operational resources. At the same time, NFT trading volumes declined from the peak levels seen during earlier market cycles.
According to CEO Jack Lu, the Bitcoin and EVM marketplaces produced limited revenue. However, these services required significant operational costs. Reports indicate that the discontinued products represented around 80 percent of the company’s operating expenses.
Because of this imbalance, Magic Eden decided to restructure its platform. The company will reduce its multi-chain presence and concentrate on its original blockchain network.
Shutdown Timeline and Platform Changes
Magic Eden announced a timeline for ending these services. Support for Bitcoin and EVM marketplaces will stop on March 9, 2026. The Bitcoin API will shut down on March 27. The company will also discontinue its multi-chain wallet on April 1.
Before the shutdown, the wallet will move to an export-only mode. Users will be able to export private keys and transfer assets to other wallets.
Solana NFT trading will continue without interruption.
Expansion Into Blockchain Gaming
Magic Eden plans to redirect resources toward Dicey, a Solana-based casino and sportsbook platform. The product is currently in closed beta testing.
Early testing included around 200 users. These users reportedly placed more than $15 million in bets within two months.
The company also confirmed that the $ME token will remain active in the ecosystem. Future updates will expand its use across the marketplace and gaming products.
