Starting March 9, 2026, the platform will halt all trading activities for EVM and Bitcoin assets. As a result, this abrupt pivot has left thousands of users racing against the clock to secure their digital assets before the platform permanently disables its wallet features.<\/span><\/p>\n The decision boils down to pure financials. Co founder and CEO Jack Lu admitted that the multi-chain dream had become too heavy a burden for the company. Magic Eden once commanded 80% of Ordinals volume at its peak. As a result, this abrupt pivot has left thousands of users racing against the clock to secure their digital assets before Magic Eden permanently disables wallet features.<\/p>\n Update on MagicEden and DiceyHQ:<\/p>\n It is clear we’re entering a new era where finance and entertainment merge. We are now 2 months into DiceyHQ\u2019s closed beta and are incredibly bullish on how things have developed (~200 users, >$15M wagered).<\/p>\n \u2014 Jack (@0xLeoInRio) February 27, 2026<\/a><\/p>\n<\/blockquote>\n Consequently, instead of continuing to burn cash to maintain market share in low-margin sectors, Magic Eden is returning to its Solana roots. More importantly, they are placing a massive bet on Dicey their newly launched iGaming (online casino and sports betting) platform. In just two months of its closed beta, Dicey has already processed over $15 million in wagers from a highly concentrated group of just 200 users, uncovering a lucrative new goldmine with actual cash flow.<\/p>\nWhy the Sudden Pivot?<\/b><\/h2>\n
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The Exact Shutdown Timeline<\/b><\/h3>\n
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