August 31, 18:11

OpenSea adds Solana NFT trading after more than four years

OpenSea adds Solana NFT trading more than four years after initial beta

The Block

OpenSea has added support for Solana NFTs. Users can buy, sell, and trade Solana digital collectibles on the platform. OpenSea first added Solana NFTs in beta in April 2022. That beta covered 165 collections and gained limited traction. Magic Eden and Tensor captured most Solana NFT volume at that time. OpenSea brought Solana back with OS2 in April 2025 for fungible token support. OpenSea said NFTs would follow. Solana is OpenSea's first non-EVM chain for NFT trading since the beta ended. Other supported networks include Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain. An OpenSea representative said the platform was rebuilt as a multi-chain platform. The representative said OpenSea led with Solana token support before adding NFTs. Users can trade Solana collections including Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals. The NFT market is below its 2021 and 2022 peak. Monthly marketplace volumes that reached billions of dollars in 2021 and 2022 now total a few hundred million dollars, according to The Block's data dashboard. Magic Eden shut its Bitcoin and Ethereum Virtual Machine marketplaces earlier this year to refocus on Solana. Binance closed its centralized NFT service in June. Nifty Gateway, Kraken NFT, and X2Y2 have also shut down in recent months and years. The Block Research forecast that NFT marketplace volumes would continue declining in its 2026 outlook.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.