Magma Finance

Magma Finance is a decentralized finance application built on the Sui blockchain that functions as an Automated Market Maker, allowing users to swap tokens and provide liquidity without relying on a traditional order-book exchange. It targets participants in the Sui ecosystem who want to trade or earn from liquidity pools in a permissionless way. The MAGMA token is the native asset of this protocol.

As an AMM, Magma Finance uses liquidity pools rather than matched buyers and sellers; traders swap against pooled assets and pay a fee that is distributed to liquidity providers. The MAGMA token lives on the Sui network, and its precise role inside the protocol — whether governance, fee sharing, staking, or some combination — is not detailed in the data stored here. The protocol does not operate its own consensus layer; it settles on Sui's underlying infrastructure.

The data stored here does not include a fee revenue figure for Magma Finance, so no fee-based yield or earnings measures can be calculated from this page. What is known about token supply is that 190,000,000 MAGMA are in circulation out of a maximum of 1,000,000,000, meaning only 19 percent of the total supply has been issued at this point in time. The remaining 81 percent — representing a dilution overhang of approximately 426 percent of the current circulating supply — has yet to enter circulation, and how and when that supply is released would affect the share of any eventual fee stream attributable to existing token holders.