Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Recent headlines have raised concerns that Magic Eden is shutting down, but the situation is more limited than some reports suggest. The platform has decided to “sunset” major parts of its business, including its Bitcoin and Ethereum-compatible marketplaces, as part of a broader cost-cutting and focus-narrowing trend across the crypto industry in 2026.
Magic Eden has closed its trading platforms for Bitcoin (Ordinals/Runes) and EVM chains, including Ethereum, Polygon, and Avalanche. The Solana marketplace remains open, reflecting that Solana has been central to Magic Eden’s volume.
For users of Magic Eden’s multi-chain wallet, the timeline is critical: the wallet is now in “export-only” mode and will become completely inaccessible by May 1, 2026.
The move is framed as a pivot away from maintaining a broad multi-chain exchange model. Managing support across multiple networks has reportedly become too expensive, and discontinuing Bitcoin and Ethereum support is intended to reduce engineering overhead.
Magic Eden says it is shifting toward “crypto entertainment,” including a new iGaming and gambling platform called Dicey. The company’s stated goal is to integrate its upcoming $ME token into a smaller, more profitable ecosystem rather than operating as a general-purpose exchange across many blockchains.
Magic Eden is not alone. In the first half of 2026, more than 20 significant blockchain projects announced full or partial shutdowns. The article describes a shift away from the “expand at all costs” strategy of 2021–2024 toward a more sustainable revenue focus and consolidation around the chains where platforms have the most users.
Users with assets on Magic Eden are advised to act before the following deadlines to avoid losing access:
To protect assets, the article recommends the following actions:
Magic Eden’s strategy centers on the $ME token and its gambling venture. The article notes that losing the Bitcoin marketplace—where Magic Eden previously held an 80% market share—is a setback for the Ordinals community. It also states that the price of ME tokens is down by approximately 80% over the past six months, which may make it harder for the company to regain momentum.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…