OpenSea Trade Everything Onchain: Marketplace Expands Beyond NFTs

OpenSea CEO Clarifies Direction Amid NFT Industry Shifts

OpenSea CEO Devin Finzer has refuted claims that the platform is departing from its non-fungible token (NFT) roots, asserting that OpenSea’s vision is to “trade everything” onchain. In a recent post on X, Finzer highlighted that OpenSea’s trading volume for October exceeded $2.6 billion, with over 90% of this activity attributed to token transactions. He affirmed that this marks the start of OpenSea’s evolution into a universal platform for all types of onchain assets.

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“We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer told Cointelegraph. He emphasized that OpenSea will continue to enable users to trade any asset existing onchain, across multiple chains, while maintaining user control over their holdings.

Background: From Pioneering NFT Marketplace to Onchain Hub

Launching in 2017, OpenSea originally focused on NFTs, quickly establishing itself as the leading marketplace. However, the platform faced challenges in early 2023 due to an NFT market downturn and increased competition from Blur. By April 2023, OpenSea regained its leading status, accounting for 40% of total market trading volume. As of the latest data from NFTScan, OpenSea now commands a 51% share of NFT trading volume.

OpenSea reclaims its lead in NFT market.

Finzer noted that OpenSea is becoming the “interface layer for the entire onchain economy” by integrating features like token swaps and portfolio management across 22 blockchain networks. He said users previously needed multiple wallets and interfaces to manage their onchain assets. Now, OpenSea’s unified infrastructure allows seamless trading between chains such as Solana and Ethereum, all in one platform.

Market Reaction and Future Roadmap

The OpenSea CEO contrasted the platform with both centralized exchanges (CEXs) and decentralized exchanges (DEXs), stating, “Unlike CEXs, you keep your keys. Unlike DEXs, the complexity is invisible.” He added that OpenSea aggregates liquidity from over 22 blockchains for streamlined user experience.

Finzer rejected suggestions that NFTs are being deprioritized, clarifying, “Everything onchain is core to our business model — that’s what ‘trade everything’ means.”

OpenSea CEO announces the project’s shift toward “trade everything.”

Looking ahead, OpenSea plans to launch a new mobile app before the first quarter of 2026, providing features such as instant crosschain swaps and comprehensive portfolio tracking. The company aims to make onchain trading as accessible as checking social media apps. In addition, the OpenSea Foundation is set to release its SEA token in Q1 2026, which will facilitate governance and ecosystem participation.

The roadmap includes more advanced features like perpetual futures, expanded mobile functionality, and “true crosschain abstraction,” giving users the ability to trade any token across any wallet or blockchain seamlessly.

What’s Next for OpenSea and the Onchain Economy?

OpenSea’s expansion to encompass all onchain assets signals a significant shift in digital asset trading. As OpenSea integrates various asset classes and chains, it aims to be the central platform for both NFT enthusiasts and broader digital asset traders. The forthcoming mobile app and SEA token launch highlight OpenSea’s commitment to leading the evolution of the onchain economy.

For more updates on digital assets and the evolving NFT landscape, visit Vizi’s Cryptocurrency coverage.