Ask about MagicSea
Logo of MagicSeaMagicSea
Total Value Locked$975,184

TVL by Chain

ShimmerEVM$555,778

IOTA EVM$419,406

Key Metrics

Fees 30d$21,734.41
Fees 30d by chain

IOTA EVM$21,732.65

ShimmerEVM$1.76

Fees 7d$4,699

IOTA EVM$4,699

Fees 24h$2,268

IOTA EVM$2,268

Cumulative Fees$1.11m

IOTA EVM$937,980.02

ShimmerEVM$176,544.54

Revenue 30d$5,434.67
Revenue 30d by chain

IOTA EVM$5,434.67

Revenue 7d$1,174.67

IOTA EVM$1,174.67

Revenue 24h$567

IOTA EVM$567

Cumulative Revenue$277,773.85

IOTA EVM$234,488.85

ShimmerEVM$43,285

Holders Revenue 30d$5,434.67
Holders Revenue 30d by chain

IOTA EVM$5,434.67

Holders Revenue 7d$1,174.67

IOTA EVM$1,174.67

Holders Revenue 24h$567

IOTA EVM$567

Cumulative Holders Revenue$50,271.98

ShimmerEVM$43,285

IOTA EVM$6,986.98

DEX Volume 30d$6.88m
DEX Volume 30d by chain

IOTA EVM$6.88m

ShimmerEVM$575.16

DEX Volume 7d$1.44m

IOTA EVM$1.44m

DEX Volume 24h$602,911

IOTA EVM$602,911

Cumulative DEX Volume$436.12m

IOTA EVM$377.17m

ShimmerEVM$58.95m

Protocol Information

Trade, Earn and Boost with the Power of IOTA

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Category:Dexs
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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 ($285,564.24)IcecreamSwap V2 ($23,979.31)Velocimeter V4 ($8,892.98)Iotabee ($3,606.34)Graphene by Velocimeter ($2,709.91)Swapline V1 ($961.14)TangleSwap ($404.43)PancakeSwap AMM ($1.876b)Uniswap V3 ($1.491b)Curve DEX ($1.267b)

Frequently Asked Questions

What is MagicSea's TVL?

MagicSea currently has $975,184 in total value locked. TVL has decreased 2.9% 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 57%.

How much has MagicSea generated in fees and revenue?

Over the past 30 days, MagicSea generated $21,734.41 in fees. Of that, $5,434.67 was protocol revenue. Based on the trailing year, the annualized rate is $270,374.56 in fees and $67,512.85 in revenue.

How does MagicSea's TVL compare to similar protocols?

Among Dexs protocols tracked by DefiLlama, MagicSea ranks #263 by TVL. The category holds $12.992b across 1,932 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 Curve DEX.

How much trading volume does MagicSea process?

MagicSea processed $6.88m in DEX volume over the past 30 days.