Magma Finance

Magma Finance is a decentralized finance application built on the Sui blockchain that operates as an Automated Market Maker, meaning it allows users to trade digital assets directly against liquidity pools rather than through a traditional order book. It is designed for people who want to swap tokens or provide liquidity on the Sui network without relying on a centralized intermediary. The MAGMA token is the native asset of this protocol.

As an AMM on the Sui network, Magma Finance uses smart contracts to hold pools of token pairs, with prices determined algorithmically based on the ratio of assets in each pool. The MAGMA token functions within this ecosystem, though the data stored here does not detail the precise governance, fee-sharing, or staking mechanics it enables. Sui is a Layer 1 blockchain with its own consensus mechanism, so MAGMA itself carries no separate consensus algorithm.

The data stored on this site does not include a fee stream for Magma Finance, so fee-origin, fee recipients, and protocol revenue cannot be described here. What the data does show is that the circulating supply stands at 190,000,000 tokens against a maximum supply of 1,000,000,000, meaning only 19 percent of all tokens that will ever exist are currently in circulation at this point in time. The ratio of fully diluted valuation to market capitalization is 5.26, reflecting that outstanding supply not yet circulating represents a dilution overhang of approximately 426 percent relative to the current market capitalization. Without a documented fee stream, common fee-based valuation measures used on this site are not applicable to this asset.