Slingshot (formerly DEX.AG)
Backed by Ribbit, The Chainsmokers and Jason Derulo; closed by its buyer
A non-custodial trading app, begun as the DEX aggregator DEX.AG, that let users buy tokens across many blockchains from a single USDC balance.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 2020 | ||
| Series A | 2021 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Clinton Bembry | — | Unknown | — |
Timeline
2018
19 November 2020
May 2021
9 December 2021
The company said it would at least double its headcount of 18, launch mobile apps and add more blockchains.
9 April 2025
Slingshot had nearly 1 million users by then, per Cointelegraph. Magic Eden said the two would operate independently, with growing connections over time.
28 February 2026
Reported as having begun shutting down in late January 2026.
How it ended
The NFT marketplace Magic Eden acquired Slingshot in April 2025, saying the two would run independently at first. Slingshot then began shutting down as a standalone app and, according to a Bitcoin.com roundup, was fully closed by 28 February 2026.
Still alive
Open spot
Slingshot (formerly DEX.AG) is gone. Is your DEX still running?
Spotlight your project here.
Sources
7 sources behind this page.
- 1Over 60 Crypto Firms and Projects Fold in 2026 as Bankruptcies, Bear Market and Hacks Rip Industry Apart · Bitcoin.com News
- 2NFT Marketplace Magic Eden Buys Trading App Slingshot · CoinDesk · Apr 2025
- 3DEX Aggregator Rebrands to Slingshot After Raising $3.1M From Coinbase Ventures, Others · CoinDesk (syndicated on Yahoo Finance) · Nov 2020
- 4Magic Eden acquires crypto trading app Slingshot to move beyond NFTs · Cointelegraph · Apr 2025
- 5Framework Ventures leads $3.1M seed round for DEX aggregator Slingshot · CryptoNinjas · Nov 2020
- 6Magic Eden Wallet, Leap Lead 20+ Crypto Closures in Q1 2026 · GNcrypto · Apr 2026
- 7DeFi trading platform Slingshot raises $15 million in Series A led by Ribbit Capital · The Block · Dec 2021
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.