OpenSea CEO Devin Finzer has rejected claims that the company is pivoting away from non-fungible tokens (NFTs), stating instead that the marketplace is “evolving” into a universal platform to trade every type of onchain asset.
In a post on X last Friday, Finzer announced that OpenSea’s trading volume for October exceeded $2.6 billion, with over 90% of that amount coming from token trading. He described this milestone as the beginning of the platform’s transformation to “trade everything.”
“We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer told Cointelegraph. “The goal is simple: if it exists onchain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining complete control of your assets,” he added.
### From NFT Marketplace to Onchain Trading Hub
OpenSea was the first major NFT marketplace, launching in 2017 as a platform for buying, selling, and trading various non-fungible tokens. It remained the dominant player in the space until early 2023, when it lost momentum due to a combination of the overall NFT market downturn and the rise of a significant competitor, Blur.
However, in April 2023, OpenSea managed to reclaim its lead in the NFT market, capturing over 40% of total trading volume for the month. As of now, OpenSea remains the largest NFT marketplace with a market share of 51%, according to data tracker NFTScan.
### Universal Interface for the Onchain Economy
Finzer explained that OpenSea is now positioning itself as the “interface layer for the entire onchain economy,” integrating token trading, swaps, and portfolio management across 22 blockchains. According to him, users were previously juggling multiple wallets, bridges, and interfaces just to manage their digital portfolios.
“We realized the same infrastructure expertise that unified NFT trading could unify all onchain trading. Now users can swap from Solana to Ethereum, trade any token, manage any asset — all in one place, without the complexity,” Finzer said.
He positioned OpenSea as an alternative to both centralized and decentralized exchanges, highlighting key advantages: “Unlike CEXs, you keep your keys. Unlike DEXs, the complexity is invisible. We aggregate liquidity across 22+ chains into one seamless experience.”
Addressing concerns that NFTs might be taking a backseat, Finzer firmly rejected the notion. “Everything onchain is core to our business model — that’s what ‘trade everything’ means,” he emphasized.
### Mobile App and SEA Token Coming Soon
Looking ahead, OpenSea confirmed plans to launch a new mobile app before Q1 2026. This app will offer instant crosschain swaps and portfolio tracking for mobile users, with the goal of bringing “the entire onchain economy to your pocket” and making onchain trading “as easy as checking Instagram.”
Additionally, the OpenSea Foundation will roll out its SEA token in the first quarter of 2026. This token will support governance and broader ecosystem participation.
OpenSea’s roadmap also includes exciting features such as perpetual futures, expanded mobile access, and “true crosschain abstraction” — enabling users to trade any token across any wallet or blockchain with ease.
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With these developments, OpenSea aims to solidify its position as the go-to platform for all onchain asset trading, moving beyond NFTs to become a comprehensive hub for the decentralized economy.
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