Key Points
- Magic Eden plans to shut down Bitcoin and EVM NFT trading platforms in early March 2026.
- The platform’s multi-chain wallet will transition to export-only functionality by mid-March 2026.
- Complete wallet service termination will occur in early April 2026.
- Solana-based NFT trading and support will remain fully operational.
- Users must withdraw Bitcoin and EVM holdings before the shutdown deadline.
Magic Eden announced plans to discontinue its Bitcoin and EVM-based trading services in early March 2026. The company will phase out multi-chain wallet functionality through early April. Solana marketplace operations will remain active and fully supported.
Bitcoin marketplace and wallet services face closure
The platform will terminate Bitcoin marketplace operations during March 2026’s opening week. Multi-chain wallet functionality will shift to export-only access by mid-March. Complete wallet service discontinuation follows in early April.
Magic Eden previously expanded into Bitcoin Ordinals after establishing dominance on Solana. The move targeted growing interest in NFT trading across multiple blockchain networks. The company now redirects resources toward its founding blockchain platform.
The platform advised users to transfer Bitcoin-based holdings before service termination. Users must relocate assets to maintain access after closure dates. Magic Eden committed to providing detailed withdrawal guidance.
A company representative stated, “We are consolidating operations around our primary Solana marketplace.” The representative emphasized that the transition schedule allows adequate user preparation time. The firm pledged to issue notifications before each closure milestone.
EVM-compatible chains including Ethereum face service termination
Magic Eden will discontinue operations across Ethereum, Polygon, and Avalanche networks. These platforms function within the Ethereum Virtual Machine infrastructure. The closure timeline matches the Bitcoin shutdown schedule in early March.
The platform integrated EVM markets to expand NFT accessibility. Initial Ethereum collection support preceded later additions of Polygon and Avalanche assets. These services will end as engineering resources consolidate.
Magic Eden instructed EVM users to extract assets before the early April deadline. The multi-chain wallet permits exports exclusively until final termination. Post-deadline, wallet functionality ceases completely.
A representative explained, “Solana forms the cornerstone of our marketplace vision.” The company emphasized continued full support for Solana-based NFTs and digital assets. Trading operations on Solana will proceed unchanged.
Magic Eden established market position through Solana’s high-performance infrastructure. The majority of platform trading volume originated from Solana collections. The company plans to concentrate on ecosystem-specific product development.
The closure timeline commences during March 2026’s first week. Export-only wallet mode activates by mid-March 2026. Complete wallet shutdown arrives in early April 2026.
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