OpenSea’s CEO Devin Finzer has denied suggestions that the platform is moving away from non-fungible tokens (NFTs). In fact, he clarified that OpenSea is transforming into a comprehensive platform for trading a variety of onchain assets.

In a recent post on X, Finzer highlighted that OpenSea’s trading volume for October surpassed $2.6 billion, with more than 90% originating from token trades, signifying the start of their transition to a platform where users can ’trade everything.'

“We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer commented to Cointelegraph. “The objective is straightforward: if an item exists onchain, it should be tradeable on OpenSea, effortlessly across any chain, while allowing you full control over your assets.”

OpenSea was the pioneer NFT marketplace when it launched in 2017, serving as a venue for buying, selling, and trading various NFTs. However, the platform lost traction in early 2023 due to the NFT market slump and the rise of a competitor, Blur.

In April, OpenSea managed to regain its position in the NFT market, claiming over 40% of total trading volume that month. Currently, it holds a 51% market share, according to NFTScan.

OpenSea reclaims its lead in NFT market. Source: NFTScan

Related: OpenSea Debuts NFT Reserve with CryptoPunk Purchase

Transitioning from NFTs to Onchain Trading Hub

Finzer indicated that OpenSea is now aligning itself as the ‘interface layer for the complete onchain economy,’ incorporating token trading, swaps, and portfolio management across 22 blockchains.

He noted that platform users often manage multiple wallets and interfaces to organize their portfolios. “We recognized that the infrastructure skills utilized in NFT trading could also unify onchain trading. Now, users can seamlessly swap between Solana and Ethereum, trade any token, and manage any assets all in one location without hassle,” Finzer stated.

He emphasized that OpenSea offers an alternative to both centralized and decentralized exchanges: “Unlike CEXs, you retain your keys. Unlike DEXs, the complexity is hidden. We pool liquidity across 22+ chains into a smooth experience.”

Nevertheless, Finzer dismissed the notion that NFTs have become a secondary focus. “Everything onchain is fundamental to our business model — that’s what ’trade everything’ signifies,” he explained.

OpenSea CEO announces the project’s shift toward “trade everything.” Source: Finzer

Related: OpenSea expands beyond NFTs with OS2 public rollout

Upcoming Mobile App and SEA Token

OpenSea announced plans to introduce a mobile app before Q1 2026, providing instant crosschain swaps and portfolio tracking for mobile users. The company aims to bring ’the entire onchain economy to your pocket,’ simplifying onchain trading akin to checking Instagram.

Moreover, the OpenSea Foundation is preparing to launch its SEA token in the first quarter of 2026 to enhance governance and ecosystem participation.

The roadmap also includes perpetual futures, greater mobile access, and ’true crosschain abstraction,’ enabling users to trade any token across any wallet or chain.

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