Is Magic Eden Really Closing?
Recently, headlines have suggested that Magic Eden is shutting down, sparking concern among NFT collectors. However, the reality is more nuanced. While Magic Eden is not disappearing entirely, it has made a drastic decision to "sunset" major parts of its business, including its Bitcoin and Ethereum-compatible marketplaces.
This move is part of a broader trend in 2026 where even the largest blockchain projects are forced to cut costs and narrow their focus to survive a competitive landscape.
The Short Answer: What’s Staying and What’s Going
Magic Eden has officially closed its trading platforms for Bitcoin (Ordinals/Runes) and EVM chains (Ethereum, Polygon, and Avalanche).
Crucially, the platform is keeping its Solana marketplace open. Solana has always been the heart of Magic Eden’s volume, and the company is returning to its roots. However, for users of their multi-chain wallet, the situation is urgent: the wallet is now in "export-only" mode and will be completely inaccessible by May 1, 202...
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