Slingshot

Slingshot (slingshot.finance) is a mobile-first cryptocurrency trading application that lets users buy and sell tokens across multiple blockchains. The app provides real-time listings for more than 5 million tokens and supports trading across more than 10 blockchains without requiring users to manually bridge assets between networks. Onboarding features include email login and fiat on-ramps such as Apple Pay.

The product sits closer to decentralized finance than to a centralized broker, but abstracts cross-chain complexity away from the user by performing routing and calculations on the back end; Magic Eden CEO Jack Lu described the experience as feeling like trading on Coinbase while covering every chain and asset. In April 2025 Magic Eden announced it had acquired Slingshot to expand from NFTs into fungible token and meme coin trading, with Slingshot expected to add support for Runes (Bitcoin-based meme coins) in the following weeks. Magic Eden said Slingshot would continue to operate as its own team for the time being, with Slingshot CEO Clinton Bembry reporting to Magic Eden's chief product officer, Zhuoxun Yin.

Business model

Consumer-facing crypto trading application offering cross-chain swaps of tokens and NFTs through a retail-oriented mobile app; the sources do not describe how the company charges for the service.

Traction

Reported to have attracted nearly one million users since launch as of April 2025, with real-time listings for over 5 million tokens across more than 10 blockchains.

Latest developments

On 9 April 2025 Magic Eden announced its acquisition of Slingshot; terms were undisclosed, with consideration described as a mix of equity and Magic Eden's $ME token, and negotiations reported to have run from about January to April 2025. Slingshot was expected to add support for Runes, Bitcoin-based meme coins, in the weeks after the deal.