The live price of Magma Finance is $0.2291 per MAGMA/USD, +1.24% in the last 24 hours. It has a market cap of $69.99M and $354.61K in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. MAGMA has a circulating supply of 190M.
Magma Finance is a decentralized, non-custodial liquidity protocol operating on the Sui blockchain. It features an AI-driven Adaptive Liquidity Market Maker (ALMM) designed to improve capital efficiency and reduce liquidity fragmentation within the Sui DeFi ecosystem. The protocol aims to turn passive capital into actively managed, yield-generating assets.
The ALMM architecture uses discretized liquidity bins, each tied to a fixed price point, which allows for trades with minimal price slippage. Liquidity providers can choose from various strategies, such as uniform, bell-shaped, or U-shaped distributions. A dynamic fee mechanism adjusts variable fees based on market volatility to compensate providers for impermanent loss risk. Additionally, a Pair Factory enables permissionless creation of new markets for any asset pair.
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The key differentiator is the AI Strategy Layer, an off-chain engine that automates liquidity management. It rebalances positions across bins in real time, routes trades for optimal execution across the Sui ecosystem, and helps protect against MEV attacks. Sui’s high throughput and low fees make this frequent rebalancing economically feasible.
The native token, MAGMA, serves multiple functions: it is used for governance voting, provides economic incentives to liquidity providers, and acts as a membership token granting tiered access to certain services. The protocol has undergone several independent third-party security audits of its smart contracts.
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