Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Just caught wind of something that's been shaking up the NFT space pretty hard. Magic Eden, one of the biggest names in the game, is basically gutting its multi-chain operations. They're shutting down trading on Bitcoin and EVM chains—Ethereum, Polygon, Avalanche, the whole stack. But here's the thing: the Solana marketplace is staying put. Honestly, it makes sense. Solana has always been where Magic Eden actually moved volume anyway.
So what's actually happening here? Magic Eden realized that trying to be everywhere at once was bleeding them dry. Managing a multi-chain empire with stretched engineering resources just isn't sustainable anymore. Instead, they're pivoting hard into what they're calling "crypto entertainment"—basically launching Dicey, some kind of iGaming platform, and betting everything on their ME token integration.
The brutal part for users: if you've got assets in that Magic Eden wallet, you're on a clock. April 1st marked when the wallet went into export-only mode—you can view your recovery phrase but can't move anything. May 1st is the final shutdown. After that, the wallet app gets nuked from app stores. This isn't unique to Magic Eden either. We're watching a massive wave of consolidation across crypto right now. Over 20 significant projects have announced shutdowns in the first half of 2026. The era of "expand at all costs" is officially dead.
If you've got funds stuck there, you need to act now. Export your seed phrase, import it into something like MetaMask or Xverse, and get your assets moved. For Solana holdings, consider cold storage for anything valuable.
What's wild is Magic Eden used to own 80% of the Bitcoin Ordinals market. Now they're abandoning it entirely to focus on this gambling angle with the ME token. Except the token is down roughly 80% over six months, so... the bet isn't exactly off to a flying start. The company is betting that this leaner model—Solana focused, gaming integrated—is the only way to stay relevant. Time will tell if that gamble pays off, but the market doesn't seem convinced yet.