OpenSea has officially launched OS2, a major upgrade that transforms the platform into a full-service onchain trading hub. The release marks a strategic shift from a purely NFT-focused marketplace to a comprehensive crosschain ecosystem supporting both fungible and non-fungible tokens.
With support across 14 blockchains, OS2 enables users to mint NFTs, swap tokens, and discover emerging digital assets—all through a single interface. Notably, the new system introduces enhanced functionality on Solana, with deeper integration of fungible token trading and improved interoperability between chains.
Adam Hollander, OpenSea’s Chief Marketing Officer, told Cointelegraph that the long-term vision was never just NFTs:
“The goal has been to make everything onchain liquid and accessible through a single, streamlined interface,” he said.
Hollander highlighted how users can now mint NFTs on Solana, swap gaming tokens on Ronin, and buy memecoins—all without switching platforms or using third-party bridges.
The upgrade follows a successful beta period and comes as OpenSea reports a 40% increase in weekly unique collectors since January, reflecting rising engagement from committed users.
NFT Speculators Fade, Core Users Drive Growth
While NFT market speculation has cooled, OpenSea says its platform is seeing stronger user retention and real adoption. According to Hollander, the user base has become more resilient, with consistent weekly growth in collectors.
“The tourists left, but the real users stayed,” he noted.
This coincides with a 50% jump in unique NFT buyers in May, rising to 936,000 from April, and marking the first monthly volume increase of 2025 after a prolonged downturn.
Hollander attributed this shift to the rising value of onchain ownership as a foundational Web3 concept.
“Once you can prove you own something digitally, entire industries become accessible,” he said.
Platforms like Courtyard—which tokenizes physical collectibles like trading cards—are fueling this trend. Between April 15 and 22, Courtyard drove $20.7 million in NFT sales, helping Polygon surpass Ethereum in weekly NFT volume.
OpenSea Bets on Functionality, Not Hype
Hollander argued that Web3 is not contracting, but evolving past its early novelty.
“New tech is usually tried in one narrow way first and then evolves into far more powerful applications,” he said.
As overall trading volumes cool from 2021 highs, OpenSea is doubling down on functional innovation. Features like crosschain support and blended token trading are part of a larger strategy to position OS2 at the center of the maturing Web3 economy.
Hollander emphasized that success in this next phase will depend not on speculation, but on platforms that build with purpose and align with the real needs of onchain users.
Quick Facts
- OpenSea’s OS2 supports fungible and non-fungible tokens.
- Users can now trade across 14 blockchains, including Solana and Ronin.
- Weekly unique collectors on OpenSea have grown 40% since January.
- NFT buyers jumped 50% in May, signaling renewed market interest.
- Platforms like Courtyard are driving new utility for NFTs.
