Slingshot Finance is a non-custodial mobile-first crypto trading app and wallet that was acquired by Magic Eden in April 2025 and is now sunsetting its standalone product. Slingshot's Twitter Score is 272 out of 1000 (an Excellent rating) as of August 2026, ranking #1,307 (top 0.5%) among 483,944 tracked accounts.
Slingshot was founded in 2020 as a DeFi application for buying, selling, and swapping cryptocurrencies, offering multichain support, 0% swap fees, and access to more than 250,000 cryptocurrencies across multiple blockchains. The app also integrated MoonPay for fiat on-ramps, making it accessible to users entering crypto from traditional finance. Per PitchBook, Slingshot was valued at $84 million in 2022, and the project raised approximately $33 to $34 million in funding over its lifetime.
Slingshot was co-founded by Clinton Bembry and Govind Narayan. Its backers previously included Electric Capital, Ribbit Capital, Framework Ventures, and Coinbase Ventures. The acquisition by Magic Eden was structured as a mix of equity and $ME tokens. Following the acquisition, the standalone Slingshot app is being wound down, with users directed to export their private keys before February 28, 2026.
Slingshot has published 3,109 posts on the platform. Slingshot has been mentioned by 283 accounts, with 709 total mentions.
Who follows Slingshot on X?
The accounts that follow Slingshot include 845 founders, 262 angel investors, 570 influencers and 22 VCs. Among them are Toly, Erik Voorhees, Solana, Stani, Andrew Kang and Threadguy.