OpenSea CEO Devin Finzer recently clarified that the platform is not departing from non-fungible tokens (NFTs) but is instead broadening its scope to become a comprehensive hub for trading various onchain assets.

In a recent announcement via X, Finzer revealed that OpenSea achieved over $2.6 billion in trading volume in October, predominantly from token trading, describing this as the onset of the platform’s evolution towards the ability to “trade everything.”

“We’re building the universal interface for the entire onchain economy – tokens, collectibles, culture, digital and physical,” Finzer stated. “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.”

OpenSea was the first major NFT marketplace, debuting in 2017 as a venue for buying, selling, and trading a variety of NFTs. The platform remained a major player until early 2023, when a drop in NFT market activity and the rise of a competitor, Blur, caused a decline in its market presence.

To regain its footing, OpenSea captured over 40% of total trading volume in April 2023. Currently, the platform holds a 51% market share according to NFTScan data.

OpenSea’s dominance in the NFT market. Source: NFTScan

Transitioning from NFTs to an Universal Trading Platform

Finzer emphasized that OpenSea is redefining its role as the “interface layer for the entire onchain economy,” integrating token trading, swaps, and portfolio management across 22 different blockchains. He pointed out that many users are currently managing multiple wallets and interfaces to handle their trading, noting:

“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.”

The CEO mentioned that OpenSea is aiming to be a viable alternative to both centralized and decentralized exchanges:

“Unlike CEXs, you keep your keys. Unlike DEXs, the complexity is invisible. We aggregate liquidity across 22+ chains into one seamless experience.”

Despite these changes, Finzer maintained that NFTs remain a fundamental aspect of OpenSea’s operations:

“Everything onchain is core to our business model – that’s what ‘trade everything’ means.”

Upcoming Developments: Mobile App and SEA Token

OpenSea is preparing to launch a mobile application by Q1 2026, providing users with functionality for instant crosschain swaps and portfolio management on mobile devices. The initiative aims to make onchain trading as user-friendly as social media applications.

Furthermore, the OpenSea Foundation plans to introduce its SEA token in early 2026 to facilitate governance and engagement within the ecosystem. The platform’s future roadmap also includes perpetual futures, enhanced mobile access, and comprehensive crosschain support, allowing for token trades across various wallets and networks.