Magic Eden acquires Slingshot to expand trade trading chains

Magic Eden has acquired Slinghot, cross-chant cripto trading app that allows users to exchange any token on any chain using a unique SRSDC balance.

According to 9. April, Press release statementAcquisition marks a huge step for Magic Eden in the wider trading of the chain, because interest in non-fungi tokens is still declining. SLINGSHOT technology simplifies trading cross chains in decentralized finances.

Today users often need to bridge property, manage multiple banknotes and keep different gas gas tokens to transaltize throughout the blockade. Sningshot simplifies this procedure with “chain abstracted“Experience, allowing users to set place or limited orders for any token using one non-detention balance, without taking care of gas or bridges.

The Chief Executive Director of the Magic Eden Jack Lu called the acquisition of the “big step forward”, saying that it is meant to make the company’s vision seamless and available.

“Pairing the product team Vision Products with magical elegant marketing and marketing funds and scaling accelerates our ability to have an impact on the future of crypto”.

– Jack Lu, Magic Eden CEO

Slingshot will continue to act as an independent platform. There are no changes in user accounts, fees or trading services. The app for now will not start a token, although Magic Eden explores ways to bring incentives like making and possible token integration in the future.

The gain time is noticeable. According to Daaprad K1 2025 reportThe NFT trading volume dropped to 1.5 billion dollars, and 24% reduction of K4 2024. The sales number fell by 10%, which reflects a slowing down in large value stores.

The Global NTF Market Cap now is 3.01 billion dollars, and Criptopunks is alone in connection with 23% of that. In the last 24 hours, the total amount of NTT trade was only $ 4.9 million, according to coongecko data.

Through the acquisition of discharge, Magic Eden seems to be adjusted to this shift, he bet on the token trade to maintain his dominance. By enabling improved detection tools, Fiat Onramps like Apple Plate and Venmo, and universal trading balance, two teams hope to compete with centralized exchange.