Ask about MagicSea

Logo of MagicSeaMagicSea

Total Value Locked$866,836

TVL by Chain

ShimmerEVM$561,826

IOTA EVM$305,010

Key Metrics

Fees 30d$26,721
Fees 30d by chain

IOTA EVM$26,721

Fees 7d$11,516

IOTA EVM$11,516

Fees 24h$461

IOTA EVM$461

Cumulative Fees$1.13m

IOTA EVM$957,757

ShimmerEVM$176,545

Revenue 30d$6,684
Revenue 30d by chain

IOTA EVM$6,684

Revenue 7d$2,882

IOTA EVM$2,882

Revenue 24h$115

IOTA EVM$115

Cumulative Revenue$282,720

IOTA EVM$239,435

ShimmerEVM$43,285

Holders Revenue 30d$6,684
Holders Revenue 30d by chain

IOTA EVM$6,684

Holders Revenue 7d$2,882

IOTA EVM$2,882

Holders Revenue 24h$115

IOTA EVM$115

Cumulative Holders Revenue$55,218

ShimmerEVM$43,285

IOTA EVM$11,933

DEX Volume 30d$8.59m
DEX Volume 30d by chain

IOTA EVM$8.59m

DEX Volume 7d$3.93m

IOTA EVM$3.93m

DEX Volume 24h$172,626

IOTA EVM$172,626

Cumulative DEX Volume$442.62m

IOTA EVM$383.67m

ShimmerEVM$58.95m

Protocol Information

Trade, Earn and Boost with the Power of IOTA

WebsiteX/Twitter
Category:Dexs
Products:

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

MagicSea AMM - Swap fees paid by usersView code on GitHubMagicSea LB - Swap fees paid by traders, from 0.05% on stablecoin pairs to 0.8% on volatile pairs, rising further while the market is volatile.View code on GitHub

Revenue:

MagicSea AMM - Percentage of swap fees going to treasury and/or token holdersView code on GitHubMagicSea LB - 25% of swap fees, the protocol's share on every pool.View code on GitHub

Holders Revenue:

MagicSea AMM - Money going to governance token holdersView code on GitHubMagicSea LB - The protocol's 25% share of swap fees, routed to the Magic LUM staking pool and paid out to MLUM stakers in USDC.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Competitors

WAGMI ($275,734)IcecreamSwap V2 ($26,260)Velocimeter V4 ($11,083)Iotabee ($4,257)Graphene by Velocimeter ($2,859)Swapline V1 ($2,391)TangleSwap ($1,494)PancakeSwap AMM ($1.915b)Uniswap V3 ($1.714b)Raydium AMM ($1.358b)

Frequently Asked Questions

What is MagicSea's TVL?

MagicSea currently has $866,836 in total value locked. TVL has decreased 8.7% over the past 30 days.

What chains does MagicSea operate on?

MagicSea operates on 2 chains: ShimmerEVM and IOTA EVM. ShimmerEVM holds the largest share at 64.8%.

How much has MagicSea generated in fees and revenue?

Over the past 30 days, MagicSea generated $26,721 in fees. Of that, $6,684 was protocol revenue. Based on the trailing year, the annualized rate is $271,236 in fees and $67,741 in revenue.

How does MagicSea's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, MagicSea ranks #282 by TVL. The category holds $14.772b across 1,933 protocols, and MagicSea accounts for <0.1% of that total. Other leading protocols include WAGMI, IcecreamSwap V2, Velocimeter V4, Iotabee, Graphene by Velocimeter, Swapline V1, TangleSwap, PancakeSwap AMM, Uniswap V3, and Raydium AMM.

How much trading volume does MagicSea process?

MagicSea processed $8.59m in DEX volume over the past 30 days.