
BITWU.ETH|Apr 11, 2025 07:25
⚡ Industry heavyweight | NFT and multi chain trading platform @ MagicEden officially announces completion of strategic acquisition of decentralized trading platform @ SlingshotCrypto——
Slingshot's chain abstraction technology is the core of this acquisition, and several key advantages are worth noting:
one ⃣ One Coin Pass "seamless cross chain: Users only need to hold USDC to trade any asset without bridging or paying gas fees.
two ⃣ Minimalist transaction process: In the future, transactions will not require wallet switching or worry about chain name issues, providing an experience comparable to CEX but more decentralized.
three ⃣ Asset size: Slingshot currently supports over 8 million tokens without cross chain operations, and plans to support Bitcoin soon to further expand its asset coverage.
Meanwhile, this acquisition will make Magic Eden the only onchain application that possesses the following capabilities simultaneously——
🔺 Multi chain support: covering almost all major blockchains.
🔺 Multi terminal adaptation: supports both mobile and desktop devices, enhancing user access convenience.
🔺 Powerful traffic distribution: Magic Eden has a peak daily trading volume of $60 million, with traffic entry comparable to CEX.
🔺 Seamless trading experience: Combined with Slingshot technology, the trading flow is high and it has anti pinch mechanisms (such as sandwich attack protection).
So this acquisition is not only a strong technological alliance in the Web3 field, but also marks an irreversible shift of the center of asset issuance and trading towards the chain.
In the future, whoever masters the seamless cross chain experience and traffic entry, who can build a "traffic asset scenario" closed loop, will define the rules of the next generation trading market!
Magic Eden has already secured the race point and looks forward to becoming the preferred entry point for the next generation of decentralized traffic!
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