Magic Eden is setting its sights on becoming a comprehensive platform. The platform aims to support all types of digital assets.
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.
Magic Eden Acquires Slingshot to Simplify Trading
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.
We’re doubling down on crypto.
For more details, check out our blog post: https://t.co/SRFMZMzXqT
Download Slingshot: https://t.co/zDtiQb6plO pic.twitter.com/IKLBC5PZxY
— Magic Eden (@MagicEden) April 9, 2025
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.
More About Magic Eden
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.
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! pic.twitter.com/FhMAw1XbSu
— Magic Eden
(@MagicEden) April 3, 2025
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.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Magic Eden Acquires Slingshot to Expand Beyond NFTs appeared first on Altcoin Buzz.
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