Magic Eden has acquired crypto trading app Slingshot to expand beyond NFTs.
The move is aimed at attracting users who want to trade across various blockchains and tokens. It positions Magic Eden to offer more than 8 million tokens from nearly every major blockchain.
This acquisition marks a major step in Magic Eden’s mission to provide the best platform for trading assets across all chains. The company emphasized its commitment to eliminating the need for centralized exchanges (CEXs) or bridges, instead focusing on seamless, on-chain trading. With Slingshot now under its wing, Magic Eden is advancing its vision of simplifying the crypto trading experience. Slingshot’s integration means users can access tokens on 10 major blockchains using USDC.
For those unfamiliar with the app, Slingshot has already attracted nearly 1 million users who appreciate its unique ability to let them trade across different blockchains without jumping through the usual hoops. This aligns with Magic Eden’s goal of making crypto trading accessible to everyone.
In a recent post on X (formerly Twitter), Magic Eden explained the acquisition: “No bridges. No CEXs. This is another major step toward our vision of providing the best platform to trade all assets on all chains.” By removing the barriers that often come with trading across different networks, Magic Eden hopes to create a more streamlined experience that caters to the needs of modern traders.
Cross-chain swaps are now live on the web, allowing users to instantly swap assets between major blockchains like Solana, Bitcoin, Ethereum, and Base, with more EVM chains being added in the coming weeks. This new feature cuts down on the hassle of bridging and long wait times, providing a faster, smoother experience.
Whether you’re moving between chains for trading or other activities, this seamless solution brings users closer to a truly interconnected crypto ecosystem, making it easier than ever to get things done.
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ETH+2 moreWe’re doubling down on crypto. For more details, check out our blog post: community.magiceden.io/blog/magic-ede… Download Slingshot: slingshot.app
Cross Chain Swaps on web are live 🪄 Instantly swap between all major chains like Solana, Bitcoin, Ethereum and Base with more EVM chains coming over the next few weeks. Less bridging, less waiting, more grass touching. Happy swapping!
