MAGIC
MAGIC Rank 684 Rank 684
$0.067474 (-4.03%)

MAGIC MAGIC price:

$0.067474 (-4.03%)
1h+0.34%
24h-4.03%
Week-2.23%
Month-32.30%
Year-72.68%
ETH 0.000034 (-2.46%)
BTC 0.00000098 (-3.00%)
$0.066890 24h Range $0.071856
The live MAGIC price today is $0.067474, with a 24-hour trading volume of $7,812,156.51. MAGIC has changed -4.03% in the last 24 hours.

MAGIC (MAGIC) Metrics

Basic info
Source code
Asset type
Contract Address
Explorers
Market Cap Rank 684
$20,753,667.00 BTC 300.00
All Time High
$2.28 16 Feb 23 % to ATH (3,283.38%)
Volume (24h) Rank 286
$7,812,156.51 BTC 113.11
Circulating Supply
Update supply form
307,578,081 Total:347,687,044 Max: 347,714,007

MAGIC Price Chart Live

Price Chart

Zoom:
Price change:
High: Low:
real time price:
For more data check CoinPaprika API

MAGIC (MAGIC)

What is MAGIC ?

MAGIC (MAGIC) is a cryptocurrency project launched in 2021, developed by the team behind the Treasure DAO. It was created to facilitate decentralized gaming and the broader metaverse ecosystem by providing a platform for users to create, trade, and utilize in-game assets. The project operates on the Ethereum blockchain, leveraging its smart contract capabilities to enable seamless interactions within various gaming environments. Its native token, MAGIC, serves multiple purposes, including governance, transaction fees, and incentivizing users within the ecosystem. MAGIC stands out for its unique focus on integrating gaming with decentralized finance (DeFi) and non-fungible tokens (NFTs), positioning it as a significant player in the evolving landscape of blockchain-based gaming and digital asset ownership. The project aims to empower gamers and developers alike, fostering a vibrant community around the creation and exchange of digital assets.

When and how did MAGIC start?

MAGIC originated in September 2021 when the team behind the project released its whitepaper, outlining the vision and technical framework for the token. The project launched its testnet in November 2021, allowing developers and early adopters to experiment with the platform's features and functionalities. Following the successful testing phase, the mainnet was launched in March 2022, marking its official entry into the market. Early development focused on creating a decentralized ecosystem that facilitates various applications and services within the blockchain space. The initial distribution of MAGIC tokens occurred through a fair launch model in April 2022, which aimed to ensure equitable access for participants. These foundational steps established the groundwork for MAGIC's growth and the development of its community and ecosystem.

What’s coming up for MAGIC ?

According to official updates, MAGIC is preparing for a significant protocol upgrade aimed at enhancing scalability and user experience, scheduled for Q1 2024. This upgrade will introduce new features designed to improve transaction efficiency and reduce latency within the ecosystem. Additionally, MAGIC is set to launch a new partnership with a major DeFi platform in Q2 2024, which will facilitate cross-platform integrations and expand its user base. These initiatives are part of MAGIC's broader strategy to enhance its ecosystem and maintain relevance in the rapidly evolving crypto landscape. Progress on these milestones will be tracked through their official communication channels.

What makes MAGIC stand out?

MAGIC distinguishes itself through its integration with the Ethereum ecosystem, leveraging Layer 2 scaling solutions to enhance transaction throughput and reduce latency. This architecture allows for efficient execution of smart contracts while maintaining low fees, which is crucial for user engagement and adoption. The project employs unique mechanisms such as zk-rollups, which provide enhanced privacy and scalability by bundling multiple transactions into a single proof. This not only improves the overall efficiency of the network but also ensures data integrity and security. MAGIC's ecosystem is enriched by strategic partnerships with various DeFi platforms and NFT marketplaces, facilitating a diverse range of applications and use cases. Additionally, its governance model empowers token holders to participate in decision-making processes, fostering a community-driven approach to development and innovation. These features collectively contribute to MAGIC's distinct role in the evolving blockchain landscape, positioning it as a versatile and user-friendly platform.

What can you do with MAGIC ?

The MAGIC token serves multiple practical utilities within its ecosystem. It is primarily used for transaction fees, enabling users to send value and interact with decentralized applications (dApps). Holders of MAGIC can participate in staking, which helps secure the network and may provide opportunities for earning rewards. Additionally, MAGIC may be utilized in governance, allowing holders to vote on proposals that influence the direction of the project. For developers, MAGIC is integral for building and integrating dApps, as it facilitates interactions within the ecosystem. The ecosystem also includes various wallets and marketplaces that support MAGIC, enhancing its usability for transactions and other functions. Users can benefit from discounts or rewards when using MAGIC within partnered platforms, further expanding its practical applications. Overall, MAGIC plays a crucial role in fostering engagement and functionality across its network.

Is MAGIC still active or relevant?

MAGIC remains active and relevant, as evidenced by recent developments and integrations. In September 2023, the project announced a significant update focusing on enhancing its scalability and user experience. Development efforts are ongoing, with active contributions visible in their GitHub repository, indicating a committed team working on continuous improvements. MAGIC is listed on multiple prominent exchanges, ensuring substantial market presence and liquidity, which further supports its relevance in the crypto ecosystem. The project is integrated within several decentralized applications, highlighting its utility and adoption in the broader blockchain space. Additionally, MAGIC has an engaged community, with regular governance proposals and votes, ensuring that the project evolves in alignment with its users' needs. These factors collectively underscore MAGIC's continued activity and significance in its sector.

Who is MAGIC designed for?

MAGIC is designed for developers and users within the decentralized finance (DeFi) ecosystem, enabling them to access and utilize various financial services and applications. It provides essential tools and resources, including software development kits (SDKs) and application programming interfaces (APIs), to facilitate the creation and integration of DeFi applications. Secondary participants, such as liquidity providers and validators, engage with MAGIC through staking and governance mechanisms, contributing to the network's security and decision-making processes. This collaborative environment fosters innovation and growth, allowing users to participate in a wide range of financial activities while benefiting from the decentralized nature of the platform. Overall, MAGIC aims to empower its users by providing the necessary infrastructure and resources to thrive in the evolving DeFi landscape.

How is MAGIC secured?

MAGIC uses a Proof of Stake (PoS) consensus mechanism, where validators confirm transactions and maintain the integrity of the network. In this model, participants are required to stake a certain amount of MAGIC tokens to become validators, which incentivizes them to act honestly, as their staked tokens can be slashed in the event of malicious behavior. The protocol employs advanced cryptographic techniques, such as Ed25519 for digital signatures, ensuring secure authentication and data integrity. This cryptography helps protect against unauthorized access and ensures that transactions are verifiable and tamper-proof. Incentive alignment is achieved through staking rewards, which are distributed to validators for their participation in the network. This reward system encourages active engagement and helps secure the network against potential attacks. Additional safeguards include regular audits and governance processes that allow the community to participate in decision-making, further enhancing the resilience and security of the MAGIC network.

Has MAGIC faced any controversy or risks?

MAGIC has faced risks primarily related to the broader DeFi ecosystem, including potential vulnerabilities associated with smart contracts and liquidity pools. In 2022, the project experienced a security incident where a vulnerability in a third-party protocol led to a temporary loss of funds. The team responded promptly by conducting a thorough audit and implementing a patch to address the identified weaknesses. They also initiated a bug bounty program to incentivize community members to report any further vulnerabilities. Additionally, regulatory scrutiny surrounding DeFi projects poses ongoing risks, as changes in legislation could impact the operational framework of MAGIC. The team has committed to transparency and regular updates to the community regarding compliance efforts and risk management strategies. To mitigate these risks, MAGIC has established partnerships with security firms for continuous audits and has implemented governance measures to ensure community involvement in decision-making processes.

MAGIC (MAGIC) FAQ – Key Metrics & Market Insights

Where can I buy MAGIC (MAGIC)?

MAGIC (MAGIC) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the MAGIC/USDT trading pair recorded a 24-hour volume of over $6 393 722.20. Other exchanges include Binance and Binance.

What's the current daily trading volume of MAGIC ?

As of the last 24 hours, MAGIC 's trading volume stands at $7,812,156.51 , showing a 26.43% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What's MAGIC 's price range history?

All-Time High (ATH): $2.28
All-Time Low (ATL): $0.052546

MAGIC is currently trading ~97.04% below its ATH .

What's MAGIC 's current market capitalization?

MAGIC 's market cap is approximately $20 753 667.00, ranking it #684 globally by market size. This figure is calculated based on its circulating supply of 307 578 081 MAGIC tokens.

How is MAGIC performing compared to the broader crypto market?

Over the past 7 days, MAGIC has declined by 2.23%, underperforming the overall crypto market which posted a 0.51% decline. This indicates a temporary lag in MAGIC's price action relative to the broader market momentum.

News All News

Education All Education

MAGIC Basics

Development status Working product
Consensus Mechanism Not mineable
Algorithm None
Started 31 August 2021
over 4 years ago
Website
WalletCoins Mobile App
Source code
Asset typeToken
Contract Address
Explorers (2)
Tags
  • Arbitrum Ecosystem (838)
  • Ethereum (ETH) Token (ERC-20) (13346)
  • NFT Token (438)
  • Gaming (637)
  • Metaverse (147)

Similar Coins

MAGIC Exchanges

MAGIC Markets

By Volume
All CEX DEX
* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

Other coins worth interest - similar to MAGIC

Top coins with NFT Token Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
55 Internet Computer Internet Computer ICP $1 299 822 585 $2.37 $49 646 131 548,114,018
Internet Computer 7d price chart-10.80%
89 Render Render RENDER $682 159 485 $1.32 $23 634 857 517,690,747
Render 7d price chart-15.09%
115 Artificial Superintelligence Alliance Artificial Superintelligence Alliance FET $411 228 442 $0.157561 $29 244 317 2,609,959,126
Artificial Superintelligence Alliance 7d price chart-13.46%
118 Chiliz Chiliz CHZ $399 355 237 $0.038895 $46 404 435 10,267,464,150
Chiliz 7d price chart-10.31%
119 Pudgy Penguins Pudgy Penguins PENGU $389 790 697 $0.006201 $43 789 868 62,860,396,090
Pudgy Penguins 7d price chart-18.09%
Top coins with Arbitrum Ecosystem Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 328 261 379 $0.999481 $62 761 377 598 177,420,277,588
Tether 7d price chart+0.02%
6 USDC USDC USDC $73 091 151 612 $1.000414 $15 696 313 352 73,060,873,960
USDC 7d price chart+0.04%
14 Wrapped Bitcoin Wrapped Bitcoin WBTC $9 030 249 660 $68 839.67 $361 382 791 131,178
Wrapped Bitcoin 7d price chart-11.51%
15 Wrapped Liquid Staked Ether 2.0 Wrapped Liquid Staked Ether 2.0 WSTETH $8 762 600 517 $2 464.36 $15 718 070 3,555,731
Wrapped Liquid Staked Ether 2.0 7d price chart-11.81%
17 Usds Usds USDS $7 891 285 216 $1.000321 $110 895 352 7,888,752,944
Usds 7d price chart+0.02%
Top coins with Metaverse Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
89 Render Render RENDER $682 159 485 $1.32 $23 634 857 517,690,747
Render 7d price chart-15.09%
125 Virtuals Protocol Virtuals Protocol VIRTUAL $361 546 744 $0.557431 $33 561 247 648,594,347
Virtuals Protocol 7d price chart-12.29%
146 Floki Inu Floki Inu FLOKI $288 437 533 $0.000030 $22 961 893 9,655,017,704,304
Floki Inu 7d price chart-14.92%
163 Axie Infinity Axie Infinity AXS $256 119 296 $1.52 $165 419 333 168,979,696
Axie Infinity 7d price chart-1.49%
180 The Sandbox The Sandbox SAND $210 263 031 $0.085322 $20 545 433 2,464,357,126
The Sandbox 7d price chart-14.15%
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
3 Tether Tether USDT $177 328 261 379 $0.999481 $62 761 377 598 177,420,277,588
Tether 7d price chart+0.02%
6 USDC USDC USDC $73 091 151 612 $1.000414 $15 696 313 352 73,060,873,960
USDC 7d price chart+0.04%
9 Lido Staked Ether Lido Staked Ether STETH $19 685 172 189 $2 009.84 $31 625 187 9,794,399
Lido Staked Ether 7d price chart-11.83%
14 Wrapped Bitcoin Wrapped Bitcoin WBTC $9 030 249 660 $68 839.67 $361 382 791 131,178
Wrapped Bitcoin 7d price chart-11.51%
15 Wrapped Liquid Staked Ether 2.0 Wrapped Liquid Staked Ether 2.0 WSTETH $8 762 600 517 $2 464.36 $15 718 070 3,555,731
Wrapped Liquid Staked Ether 2.0 7d price chart-11.81%
Top coins with Gaming Tag
# Name MarketCap Price Volume (24h) Circulating Supply 7d chart
146 Floki Inu Floki Inu FLOKI $288 437 533 $0.000030 $22 961 893 9,655,017,704,304
Floki Inu 7d price chart-14.92%
156 Immutable X Immutable X IMX $272 740 152 $0.154237 $7 660 361 1,768,317,543
Immutable X 7d price chart-16.28%
163 Axie Infinity Axie Infinity AXS $256 119 296 $1.52 $165 419 333 168,979,696
Axie Infinity 7d price chart-1.49%
180 The Sandbox The Sandbox SAND $210 263 031 $0.085322 $20 545 433 2,464,357,126
The Sandbox 7d price chart-14.15%
189 Decentraland Decentraland MANA $192 803 309 $0.099268 $12 212 631 1,942,255,184
Decentraland 7d price chart-11.76%