Magic Eden buys Slingshot to push into token trading
Magic Eden CEO Jack Lu told The Block on 9 April 2025 that Magic Eden had completed its acquisition of Slingshot Finance after talks that began late the prior year. Slingshot, founded in 2020 with nearly one million users and about $33 million raised, offered chain-abstracted swaps across 10-plus networks. Magic Eden framed the purchase as its first real acquisition and a bet on competing with centralized exchanges via onchain token trading.
