OpenSea CEO Devin Finzer has actually declined claims that the business is rotating far from non-fungible tokens (NFTs), stating rather that the market is “progressing” into a universal platform to trade every kind of onchain possession.
In a Friday post on X, Finzer revealed that OpenSea’s October trading volume surpassed $2.6 billion, with over 90% of that quantity originating from token trading, calling it the start of the platform’s improvement to “trade whatever.”
” We’re developing the universal user interface for the whole onchain economy– tokens, antiques, culture, digital and physical,” Finzer informed Cointelegraph. “The objective is basic: if it exists onchain, you must have the ability to trade it on OpenSea, perfectly throughout any chain, while keeping total control of your properties,” he included.
OpenSea was the very first significant NFT market, introducing in 2017 as a platform for purchasing, selling, and trading different non-fungible tokens. The platform stayed the dominant gamer in the area up until early 2023, when it lost momentum due to a mix of the total NFT market crash and the increase of a significant rival, Blur.
In April this year, OpenSea handled to recover its lead in the NFT market, recording over 40% of overall trading volume throughout the month. Since this writing, OpenSea is the biggest NFT market with a market share of 51%, according to information tracker NFTScan.
Related: OpenSea Debuts NFT Reserve with CryptoPunk Purchase
From NFTs to an onchain trading center
Finzer stated OpenSea is now placing itself as the “user interface layer for the whole onchain economy,” incorporating token trading, swaps and portfolio management throughout 22 blockchains.
He stated the platform’s users were managing numerous wallets, bridges, and user interfaces simply to handle their portfolios. “We understood the exact same facilities know-how that merged NFT trading might combine all onchain trading. Now users can switch from Solana to Ethereum, trade any token, handle any possession, all in one location, without the intricacy,” Finzer stated.
The CEO placed OpenSea as an alternative to both central and decentralized exchanges. “Unlike CEXs, you keep your secrets. Unlike DEXs, the intricacy is unnoticeable,” he stated. “We aggregate liquidity throughout 22+ chains into one smooth experience.”
Nevertheless, Finzer declined the concept that NFTs are now secondary. “Whatever onchain is core to our company design– that’s what ‘trade whatever’ indicates,” he stated.
Related: OpenSea broadens beyond NFTs with OS2 public rollout
Mobile app and SEA token ahead
OpenSea verified it is preparing to release a brand-new mobile app before Q1 2026, bringing immediate crosschain swaps and portfolio tracking to mobile users. The business stated it intends to bring “the whole onchain economy to your pocket,” making onchain trading “as simple as examining Instagram.”
In Addition, the OpenSea Structure will release its SEA token in the very first quarter of 2026, which will support governance and environment involvement.
OpenSea’s roadmap likewise consists of continuous futures, broadened mobile gain access to, and “real crosschain abstraction,” enabling users to trade any token throughout any wallet or chain.
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