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

By Exbasi Intelligence
Sourced from The Block
OpenSea adds Solana NFT trading more than four years after initial beta
OpenSea has added support for Solana non-fungible tokens (NFTs), allowing users to buy, sell, and trade the blockchain's digital collectibles on its platform.The launch comes more than four years after OpenSea first added Solana NFTs in beta in April 2022. That rollout covered just 165 collections and gained limited traction. Rivals Magic Eden and Tensor captured most of Solana NFT volume at the time. Earlier this year, Magic Eden shut its Bitcoin and Ethereum Virtual Machine (EVM) marketplaces to refocus on Solana.Solana returned to OpenSea in April 2025 with OS2, but only for fungible tokens, with the company saying at the time that NFTs would follow. The SOL token also became usable as payment for NFTs on other blockchains last year."OS2 was rebuilt from the ground up as multi-chain platform. We led with Solana token support, and NFTs are now being added. They're particularly relevant now with the emergence of so many collectibles platforms utilizing Solana NFTs," an OpenSea representative told The Block.Solana is OpenSea's first non-EVM chain for NFT trading since the beta ended. The marketplace's other supported networks are almost all EVM-compatible, including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain.With its support for Solana, OpenSea said its users can now find and trade popular Solana NFT collections, including Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals.The launch comes with the NFT market far below its peak. Monthly marketplace volumes that ran into the billions of dollars in 2021 and 2022 now sit at a few hundred million dollars, according to The Block's data dashboard. Binance closed its centralized NFT service in June, telling users to withdraw transferable assets to Binance Wallet or another compatible external wallet. Nifty Gateway, Kraken NFT, and X2Y2 have also shut down in recent months and years.NFT Trade Volume by ChainThe Block Research's 2026 outlook forecast that NFT marketplace volumes would keep declining.Editor's note: After publication, OpenSea said that Solana NFT trading is not yet live but is expected to go live this week.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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