OpenSea Officially Adds Solana NFT Trading Four Years After Initial Rollout
Forecast Trend Report by Period
Global non-fungible token marketplace OpenSea has begun supporting trading in Solana-based NFTs, expanding its multichain marketplace.
The Block reported on August 31 that OpenSea has started allowing users to buy, sell and trade NFTs issued on the Solana blockchain through its platform. The move makes major Solana collections including Claynosaurz, Mad Lads, BoDoggos, Collector Crypt and Phygitals available on OpenSea.
This is not OpenSea’s first attempt to support Solana NFTs. The company introduced them through a beta service in April 2022, but support was limited to 165 collections and it struggled to gain users. At the time, Magic Eden and Tensor accounted for most Solana NFT trading volume.
Solana was added again in April last year through OpenSea’s next-generation OS2 platform, though only for fungible token trading. OpenSea said then that it would later expand support to NFT trading. Since last year, Solana’s native token, SOL, has also been accepted as a payment option for buying NFTs on other blockchains.
“OS2 was rebuilt from the ground up as a multichain platform,” OpenSea said. It first added support for Solana tokens and has now expanded that to NFTs. The company also said demand for broader support has grown as more collectibles platforms use Solana NFTs.
Solana is the first non-EVM blockchain to receive NFT trading support on OpenSea since the company ended its earlier beta service. Most chains currently supported by OpenSea — including Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Base, Monad, Sei and Berachain — are compatible with the Ethereum Virtual Machine, or EVM.
The expansion comes as the NFT market remains well below its past peak. Data from The Block show monthly NFT marketplace trading volume, which reached billions of dollars in 2021 and 2022, has recently fallen to the hundreds of millions of dollars.
The prolonged market downturn has also led to more service closures. Binance shut down its centralized NFT service in June, while Nifty Gateway, Kraken NFT and X2Y2 have also ended services in recent years. The Block Research said in its 2026 NFT market outlook that marketplace trading volume will likely continue to decline.
