Magic Eden Drops Bitcoin and Ethereum Support, Goes All-In on Solana
Magic Eden announced on Feb. 27, 2026 that it will end support for Ethereum-compatible and Bitcoin-based assets, effectively abandoning its multi-chain marketplace and refocusing exclusively on Solana. The company said the change is intended to simplify engineering, lower fees and double down on Solana’s throughput advantages. Practically, listings and tooling for BTC and ETH assets will be wound down, a move that shrinks the platform’s market reach and creates short-term disruption for creators and collectors who rely on those chains.
The shift could boost interest and liquidity for SOL and Magic Eden’s ME ecosystem while removing a major marketplace option for BTC and ETH holders. For the wider NFT and crypto landscape, this is a test of specialization versus interoperability: whether concentrating on a single low-cost chain delivers enough user and developer gains to offset lost exposure to larger ETH and BTC communities. Users and partners will be watching migration support, refund procedures and how this impacts token flows across ME, SOL, ETH and BTC.