NFT Marketplaces Pivot to Memecoins

Legacy NFT marketplaces Opensea and Magic Eden are doubling down on their attempts to capture a slice of the memecoin markets. Magic Eden acquired token trading app Slingshot on April 9, and Opensea is in the process of rolling out Solana token trading for select OS2 users. The revamped OS2 platform launched with token trading enabled for Ethereum compatible chains such as Arbitrum, Base, Apechain, and Ronin, but is now expanding to Solana, whose DEX volumes have exceeded Ethereum’s for most of 2025 amid the memecoin craze. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant