Slingshot Acquired by Magic Eden on April 10, 2025

According to media reports, decentralized trading platform Slingshot was acquired by NFT marketplace Magic Eden on April 10, 2025. Following this transaction, Slingshot's total cumulative funding reached $18.1 million.Slingshot is a next-generation decentralized trading platform that aggregates leading liquidity sources to offer traders the most competitive prices, faster execution, and an enhanced trading experience. Since its inception, the platform has experienced rapid growth, securing $3.1 million in seed funding in November 2020 and subsequently raising $15 million in a Series A round in December 2021.The acquisition by Magic Eden signifies market recognition of Slingshot’s technological capabilities and market value within the decentralized trading sector. This merger also reflects the deepening integration between decentralized finance and the NFT market, which is expected to provide users with a broader range of digital asset trading services. By leveraging the strengths of both parties, the transaction is set to further drive innovation and development within the decentralized trading ecosystem.