Magic Eden’s transformation is in full swing. No longer just an NFT marketplace, the platform has officially acquired Slingshot, a sleek, mobile-first app for decentralized token trading.
According to a press release shared with Cryptonews, this is a major leap in Magic Eden’s push to become “the most complete trading experience in crypto.”
Slingshot Brings a DeFi Super App Vibe
Slingshot launched back in 2020 and now boasts nearly 1 million users. Its edge?
- No-bridge cross-chain trading
- Access to 5M+ tokens across 10+ chains
- Fiat support via Apple Pay, PayPal, Venmo
- And you can log in with just an email
It’s clean, fast, and built for both newbies and DeFi vets.
Oh—and Bitcoin-native tokens (“runes”) are on the way too.
Magic Eden is planning to plug all of this into its own platform, so users can go from NFT flipping to altcoin swapping without ever leaving the app.
“We’re building something bigger than NFTs,” said CEO Jack Lu. “This gets us closer to a safe, seamless crypto trading experience—across any chain.”
Slingshot’s CEO: This Is Bigger Than Us
Slingshot’s co-founder and CEO Clinton Bembry sees this deal as part of a wider mission:
“As we move away from centralized systems, this lets us empower more people and change how the world trades crypto.”
Magic Eden’s Master Plan Is Unfolding
This is just the latest move in Magic Eden’s multi-chain evolution.
In August, it launched the ME token—now a key part of the Magic Eden Wallet. In September, it teased a U.S.-only domain to stay aligned with U.S. regulations.
Now with Slingshot in hand, Magic Eden isn’t just riding out the NFT cooldown—it’s going all-in on DeFi, tokens, and cross-chain tools.
TL;DR?
Magic Eden’s not just chasing JPEGs anymore. It’s becoming your go-to crypto super app.
