NEWSLETTER
The non -fungible Token market of Solana (nft) Magic Eden has acquired the application of Slingshot cryptography trade as part of a strategy to expand beyond nft as other markets fold in the midst of a prolonged recession of the market.
The movement expands Magic Eden to more than 8 million tokens in almost all the main block chains, the company <a target="_blank" data-ct-non-breakable="null" href="https://x.com/MagicEden/status/1910030504646131985″ rel=”null” target=”null” text=”null” title=”null”>saying In a position of April 9 x.
“There are no bridges. Without CEXS. This is another important step towards our vision of providing the best platform to exchange all assets, in all chains,” Magic Eden said.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/0xLeoInRio/status/1910031268969857485″ rel=”null” target=”null” text=”null” title=”null”>Jack Lu
Slingshot has accumulated almost 1 million users to date, allowing users to access any token in 10 of the largest block chains with a universal balance of the USDC (USDC).
Slingshot is one of several cryptographic platforms with the aim of delivering a complete chain abstraction, eliminating the need for users to choose the right wallet, make sure they have enough gas rates, find a reliable bridge and move funds, only then to buy the token they are looking for.
Magic Eden Jack Lu CEO <a target="_blank" data-ct-non-breakable="null" href="https://x.com/0xLeoInRio/status/1910031282572083403″ rel=”null” target=”null” text=”null” title=”null”>hopes Integration will help change more of the 500 million users that still depend on centralized exchanges towards more crypto-native platforms, Ochain.
Marketplaces nft obturator as the market calculates
Lu said that Magic Eden and Slingshot and Magic Eden will continue to operate independently, but noted that there will be “growing connectivity” between the platforms over time.
Lu too <a target="_blank" data-ct-non-breakable="null" href="https://x.com/0xLeoInRio/status/1910031277656334374″ rel=”null” target=”null” text=”null” title=”null”>noted That Magic Eden won $ 75 million from its nft market in 2024 and hopes that Hilshot's acquisition will help raise those numbers even more.
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The Magic Eden expansion occurs when several nft markets have closed in recent months.
Draftkings, Gamestop and crypto Exchange Bybit closed their nft markets, and Bybit cited nft negotiation volumes in its announcement on April 8.
X2Y2 also recently announced that its nft market would close on April 30 while the company seeks to pivot in artificial intelligence.
nft markets have seen nft sales worth $ 1.6 billion in 14 million transactions so far in 2025, Cryptoslam data shows.
However, the monthly sales volume has fallen every month in 2025, and the $ 1.6 billion are not close to the track to match the total of $ 8.9 billion since 2024, much less the $ 23.7 billion record seen in 2022.
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