Magma Finance

Magma Finance is a decentralized finance application built on the Sui blockchain that operates as an automated market maker, meaning it uses smart contracts rather than a traditional order book to let users swap digital tokens with one another. It aims to give anyone with a compatible wallet access to liquidity and token exchange without relying on a centralized intermediary. The MAGMA token is the native asset of this protocol.

As an automated market maker on Sui, Magma Finance pools tokens supplied by liquidity providers and uses a mathematical formula to price swaps between those tokens automatically. The MAGMA token functions within this system, likely governing protocol decisions or entitling holders to a share of activity, though the data stored here does not include a detailed breakdown of token utility mechanics. Settlement occurs on the Sui network, which handles the underlying transaction finality.

The data stored for Magma Finance does not include a fee revenue figure, so this site cannot report where protocol fees originate, who pays them, or who receives them. What the data does show is that only 19.0 percent of the one-billion maximum supply is currently circulating, leaving a dilution overhang of 426.32 percent relative to the circulating supply at this point in time, meaning a large share of tokens has yet to enter circulation. The fully diluted valuation is 5.26 times the current market capitalization of approximately 91.8 million USD, reflecting the gap between tokens in existence today and the total that could eventually exist.