MAGMA (Magma Finance) jumps 60.24% in 24 hours

Gate News消息，June 4, according to Gate market data, as of the time of writing, MAGMA (Magma Finance) is trading at $0.28. It is up 60.24% over the past 24 hours, with a high of $0.46 and a low of $0.27. The 24-hour trading volume is $1.305 million. The current market cap is approximately $54.0854 million.

Magma Finance is a liquidity hub for Sui, and it was the first to launch the first adaptive liquidity market maker (ALMM) fully built on Move. Magma 2.0 introduces a quote-driven proprietary AMM (propAMM), combining off-chain adaptive pricing with on-chain settlement. Its ALMM architecture is designed to fully unlock the potential of on-chain liquidity, dynamically concentrating liquidity into different price ranges to give traders more precise pricing, deeper liquidity, and near-zero slippage, while maximizing capital efficiency for liquidity providers. Magma’s smart contracts have been audited by top security firms such as MoveBit, Zellic, and Three Sigma to ensure the platform’s security and reliability.

This message does not constitute investment advice; investors should be mindful of market volatility risks.