NewsCryptoOpenSea Adds Solana NFT Trading as Market Competition Shifts

OpenSea Adds Solana NFT Trading as Market Competition Shifts

Author: Blockonomi·

Key Takeaways

  • OpenSea now fully supports buying, selling, and trading Solana NFTs on its OS2 platform, returning Solana to the marketplace after a 2022 beta that covered about 165 collections but failed to gain market share.
  • OS2 supports NFTs and fungible tokens across more than 19 blockchain networks, including Ethereum, Polygon, Base, and now Solana as its first non-EVM chain for NFTs.
  • The rollout positions OpenSea in direct competition with Solana-native marketplaces Magic Eden and Tensor, following Magic Eden's closure of its Bitcoin and EVM marketplaces.
  • Monthly NFT marketplace volumes are now a few hundred million dollars, far below the billions seen during the 2021–2022 boom, and platforms including Binance NFT, Nifty Gateway, Kraken NFT, and X2Y2 have shut down.
  • OpenSea's multi-chain expansion supports a broader strategy that includes fungible token trading and a delayed SEA governance token expected to be tied to the OS2 platform.
OpenSea Adds Solana NFT Trading as Market Competition Shifts

OpenSea has expanded its marketplace with full support for Solana NFT trading, giving users the ability to buy, sell, and trade digital collectibles issued on the Solana blockchain. The move brings Solana NFTs back to the platform after an earlier beta launch failed to capture significant market share.

The new integration runs on OS2, OpenSea's rebuilt multi-chain platform. The company had already added Solana fungible token trading in April 2025 and said NFT support would follow. For OpenSea, which built its business as the dominant Ethereum-based NFT marketplace during the 2021 boom, adding a non-EVM chain signals a push to compete across ecosystems where trading activity has migrated rather than defending a single network.

Solana NFT Trading Arrives on OS2

OpenSea first tested Solana NFTs in April 2022. That beta covered roughly 165 collections, but Solana-focused marketplaces such as Magic Eden and Tensor handled most trading activity across the network. Solana's low transaction fees and fast settlement have made it a popular chain for high-volume NFT minting and trading, which helped those native marketplaces build loyalty among Solana collectors.

The latest rollout gives OpenSea users access to Solana collections including Claynosaurz, Mad Lads, BoDoggos, Collector Crypt, and Phygitals. Solana also becomes OpenSea's first non-EVM network for NFT trading since the earlier beta ended.

OpenSea completed the public rollout of OS2 in May 2025. The platform supports NFTs and fungible tokens across more than 19 blockchain networks, shifting the marketplace toward a broader on-chain trading model. Supported networks include Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei, and Berachain. Solana adds a different blockchain design to that list and widens the range of assets available to users.

Solana Returns as NFT Competition Changes

The Solana NFT market has also changed since OpenSea's first attempt. Magic Eden recently closed its Bitcoin and EVM marketplaces as it shifted more attention back to Solana, while Tensor remains active in the ecosystem. Magic Eden's pullback from other chains leaves a more concentrated field of Solana-native venues just as the largest multi-chain marketplace re-enters, setting up a direct contest for Solana trading volume.

OpenSea enters that market as wider NFT trading remains far below its 2021 and 2022 peaks. Monthly marketplace volumes now stand at a few hundred million dollars, compared with billions during the earlier boom. That contraction has pushed surviving platforms to consolidate around fewer, larger venues and to broaden their asset coverage rather than rely on NFT commissions alone.

Several NFT platforms have reduced or ended operations as trading activity weakened. Binance closed its centralized NFT service in June, while Nifty Gateway, Kraken NFT, and X2Y2 have also shut down their marketplaces.

OpenSea's Solana rollout follows broader changes to its business. The company has moved beyond NFTs by supporting fungible tokens and has discussed a future SEA governance token, although that launch has faced delays. The SEA token, if it launches, is expected to be tied to the OS2 platform, making the multi-chain expansion part of a wider strategy to widen what the platform offers before that step.

The company said OS2 aims to bring several types of on-chain assets into a single interface, giving traders access to collectibles and tokens without switching between multiple separate marketplace products.