Magic Eden said it will wind down its Ethereum Virtual Machine (EVM) and Bitcoin NFT marketplaces in early March 2026 and disable its multi-chain wallet by April 1, 2026, as it reallocates resources toward Solana and an iGaming product called Dicey. This is a deliberate “flow shift” away from multi-chain NFT execution and toward a narrower operating footprint anchored on Solana plus a new wagering-led product line.
The strategic trade-off is material. Magic Eden estimates it will walk away from roughly $25 million in annual NFT revenue to concentrate on Solana and Dicey, a pivot it frames as margin protection amid softer NFT volumes. By exiting EVM and Bitcoin NFTs, the company is choosing focus over breadth and betting it can replace lost fee streams with higher-engagement, incentive-driven activity.
Update on @MagicEden and @DiceyHQ:
It is clear we're entering a new era where finance and entertainment merge. We are now 2 months into @DiceyHQ’s closed beta and are incredibly bullish on how things have developed (~200 users, >$15M wagered).
To give Dicey the focus it…
— Jack (@0xLeoInRio) February 27, 2026
What is shutting down and how fast it happens
According to Magic Eden, the shutdown will cover its EVM and Bitcoin NFT markets and will include ending Ordinals support, disabling related APIs, and eventually turning off its multi-chain wallet. The timetable is aggressive: the marketplace wind-down begins in early March 2026, and the wallet is scheduled to be fully removed by April 1, 2026. The company also said third-party integrations relying on those APIs will be affected.
A key caveat sits inside the disclosure itself. The timeline and figures referenced in the company statement could not be independently verified based on the information provided. That matters because counterparties and developers typically plan migrations around verified deprecation timelines, and uncertainty can create operational friction in the final weeks before an endpoint.
The Dicey bet and what it implies for token economics
Magic Eden is positioning Dicey as the replacement engine for growth and monetization, and it is leaning on early usage data to support that narrative. The company said that during a closed beta, Dicey processed roughly $15 million in wagers from about 200 users over two months. Magic Eden is treating that concentrated activity as an early product-market fit signal rather than a one-off spike.
Dicey’s economic design is also explicitly tied to token incentives. The company said up to 15% of revenue will be allocated to buybacks and staking rewards, with roughly half earmarked for ME token buybacks and the remainder distributed to users in USDC. This structure tries to align platform usage with token demand while simultaneously subsidizing user engagement through direct USDC rewards. The open question, based on what’s provided, is durability: the longer-term sustainability depends on scale and retention metrics that the company has not disclosed publicly.
The operational implications ripple beyond Magic Eden itself. If Magic Eden exits EVM and Bitcoin NFT execution, liquidity and listings are likely to rotate toward Solana-native venues and toward platforms that continue to support Ordinals and Runes-style Bitcoin NFTs. Separately, developers and partners that depended on Magic Eden’s APIs will need continuity plans, because API retirement can break marketplaces, portfolio tools, and workflow automations overnight.
The clock is short for proving out the new model. Magic Eden effectively needs Dicey’s user base and revenue to scale before April 1, 2026 to offset the margin impact of turning off the wallet and stepping back from EVM and Bitcoin NFTs. For traders and token holders, the practical monitoring points are whether ME buybacks occur as described, whether Dicey shows retention beyond a small beta cohort, and where EVM and Bitcoin NFT flow migrates as the shutdown progresses.
