Magic price

in USD
$0.17592
-- (--)
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Market cap
$55.47M #203
Circulating supply
316.05M / 347.71M
All-time high
$6.492
24h volume
$14.42M
2.9 / 5
MAGICMAGIC
USDUSD

About Magic

MAGIC is the cryptocurrency powering the Treasure ecosystem, a decentralized platform that bridges blockchain gaming and NFTs. Designed to unify digital economies, MAGIC enables users to trade, earn, and interact seamlessly within the ecosystem. It serves as the backbone for innovative projects like Smolverse, where players can engage with on-chain pixel art NFTs, and other community-driven applications. By leveraging blockchain technology, MAGIC empowers creators and users to participate in decentralized worlds, unlocking real value from digital assets. Whether you're a gamer, collector, or crypto enthusiast, MAGIC invites you to explore its unique blend of creativity and utility. Dive into the world of MAGIC and discover the future of digital ownership.
AI insights
Gaming
NFT
CertiK
Last audit: 3 June 2021, (UTC+8)

Magic’s price performance

Past year
-48.85%
$0.34
3 months
+45.32%
$0.12
30 days
-9.07%
$0.19
7 days
+1.19%
$0.17
86%
Buying
Updated hourly.
More people are buying MAGIC than selling on OKX

Magic on socials

Kick Rocks
Kick Rocks
Decided with the stacker agent getting ready to drop for @giraffetowernft Now was the time to pick up a 🦒 on @MagicEden Excited to be able to let the stacker bot do the trading with a life on the go I don’t have the time to trade. This will do it for me!
더 쓰니 | THE SSUNI
더 쓰니 | THE SSUNI
OpenSea: Comprehensive Research & Strategic Insights (2025) @opensea continues to function as a gateway to digital ownership and NFT liquidity. Starting as an "NFT-only marketplace," it is evolving into a broad web3 platform encompassing multi-chain asset trading, token economies, and intersections with real-world assets (RWA) as of 2025. The goal is to serve as a "home of web3" that provides performance and tools for experienced traders while offering easy onboarding for novice users. To achieve this, a major product overhaul (OpenSea 2.0), the introduction of a native token (SEA), expansion to over 22 chains, and strengthening mobile and AI intersections are being pursued simultaneously. The core infrastructure absorbs the latest standards beyond the standard ERC-721/1155, including account abstraction and ERC-6551 (token-bound accounts), integrating exploration, trading, and community features for creators, collectors, and institutions alike. The multi-chain strategy extends to Ethereum, Polygon, Avalanche, Base, Ronin, and Hyperliquid, aiming to reduce "chain disconnection" in user experience by adding cross-chain swaps and token purchase functionalities. In terms of security, audit history and user protection policies have been strengthened, and the SEC wealth notice issue of 2024 is expected to conclude in early 2025, significantly reducing regulatory risk uncertainty. The royalty model has shifted from mandatory imposition to optionality, realistically balancing market competition and creator incentives. This change has sparked debates surrounding creator protection, but the toolkit and setting flexibility for new collections allow for continued experimentation with "sustainable royalties." The most notable inflection point in corporate history is the cycle of "massive growth - long adjustment - reorganization." Cumulative investment raised has exceeded $425 million, and the company's valuation peaked at $13.3 billion in 2022 but has dropped to about $1.5 billion amid market contraction. Despite a nearly 98% decrease in trading volume from its peak, it still maintains a top position in terms of user base and transaction share. The fact that the number of OpenSea 2.0 waitlist wallets has surpassed 1 million demonstrates that brand power, accessibility, and product expectations remain significantly intact even at market lows. The product roadmap includes the 2.0 overhaul that combines multi-chain, token trading, user galleries, and on-chain collectibles, along with redesigning the mobile app around AI and organizing cultural legacies through flagship collections of an archival nature. Partnerships are expanding through the official market for Pudgy Penguins ($PENGU token), integration with Avalanche and Ronin ecosystems, and strengthening mobile/social wallet capabilities through the acquisition of Rally. OpenSea's position in the competitive landscape is complex. While Blur dominates pro trader volume and absorbs liquidity with aggressive incentives, Magic Eden shows strengths in Solana and Bitcoin NFTs and expands its user base through mobile. Rarible has strengthened its aggregator and community/DAO identity, but its market share remains limited. In this context, OpenSea leverages its broad user base, brand, compliance capabilities, and multi-chain reach to adopt a "broad retail + pro" position. The introduction of the SEA token acts as a catalyst to reshape this identity through token incentives, governance, and royalty/XP-based rewards. However, it does not need to engage in a head-to-head battle with Blur's high-intensity rewards in the incentive competition. The narrative OpenSea should pursue is to materialize its conventional strengths of "scale, trust, compliance, and multi-chain user experience" through tokens, mobile, and AI. When separating strengths, risks, and opportunities, the outlines become clearer. Strengths include deep liquidity and recognition, a broad user base, durability in the regulatory environment, and multi-chain reach extending to over 22 chains. The experience of conflicts surrounding royalty policies is not solely a disadvantage; it allows for the re-narration of a "sustainable and market-friendly creator economy" through the refinement of creator toolkits and optional designs. Risks include intensified competition, structural declines in trading volume, uncertainty in royalty models, and the inertia of reputational issues left by past regulatory stacks. Opportunities lie on the contrary side. Benefits from regulatory clarification, creator-centric innovations (on-chain identity, copyright/secondary creation standards, AI production support), new demand derived from real-world assets, and the expansion of DeFi intersections all present potential catalysts for a renewed growth curve. Messages for different target segments should vary. For creators, OpenSea should be "the starting point of global digital ownership and a stage for economic autonomy." It should enable handling on-chain minting, cross-chain distribution, royalty settings, and IP toolkits all at once, combining education and exposure through regular contests, featured programs, and workshops. For collectors, it must firmly establish its identity as "the curation hub of global digital culture." It needs to expand value from 'ownership' to 'exhibition and identity' through devices like galleries, collection exhibitions, leaderboards, XP/SEA rewards, and early previews of flagship collections. For institutional investors, OpenSea should be "the gateway to compliance, security, and liquidity." It must open stable entry points by providing white-glove onboarding, compliance toolkits, and institution-exclusive auctions and custody integration. Marketing and retention can be explained through the triangle of tokens, products, and trust. XP-based royalties and SEA incentives encourage repeat visits, while multi-chain trading and personalized galleries create user habits. Trust is secured through transparent communication and consistent execution of security and compliance. Community management should repeatedly provide "reasons to participate" through regular touchpoints like creator contests, educational content, research/blogs/AMAs, public discussions around royalties and standards, virtual meetups, and hackathons. Ultimately, the principle OpenSea must uphold is simple: whether the market is overheated or in a downturn, it must prioritize the trust of users and creators above all else. Several strategic recommendations are clear. First, multi-chain and mobile should be pushed further from the perspective of "practical usability." By bundling swaps, bridges, and payments into a single flow, chain diversity becomes an advantage rather than a barrier to entry. Second, the SEA token should be the core of an 'economy that turns participation into value,' not just a simple reward. Connecting actions like creative contributions, curation, reporting/reviewing, and quality assurance to a token and honor system can enhance community quality. Third, education and community programs should be directly linked to "user conversion." Designing actions like on-chain tasks immediately after workshops, partner minting, and fee rebates will yield results. Fourth, proactively respond to royalty and regulatory issues. By formalizing recommended policies by collection type, on-chain copyright metadata guidelines, and dispute mediation/reporting systems, OpenSea can regain the image of being 'the safest default.' Fifth, continuously highlight success stories. Recovery of creator earnings, long-term holding stories from collectors, and best practices in institutional trading serve as powerful social proof of trust. OpenSea now stands on the bridge from "pure NFT market" to "comprehensive web3 platform." The success of this transition depends on how smoothly it can create a multi-chain user experience, how effectively it can establish the SEA token as a practical driver of participation, governance, and royalties, and above all, whether it can move forward with the community within the framework of regulation and trust. Market cycles may change, but the role of standardizing the infrastructure of digital ownership and gathering culture, identity, and liquidity in one place allows no room for gaps. To maintain that position, OpenSea must consistently provide the most fundamental values as the largest platform. The current reorganization and expansion seem to be a precise shift in focus toward that direction.
Otto Suwen
Otto Suwen
The lion wants to see magic internet money go up today

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Magic FAQ

Magic (MAGIC) and the Treasure network are established on the Arbitrum chain, a Layer 2 scaling solution developed on the Ethereum blockchain. This setup enables MAGIC to inherit the security attributes of Ethereum's Proof of Stake (PoS) consensus mechanism.

MAGIC serves as a versatile cross-game digital currency that spans across games, decentralized applications (dApps), metaverses, and communities within Web3.

Easily buy MAGIC tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the MAGIC/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MAGIC with zero fees and no price slippage by using OKX Convert.

Currently, one Magic is worth $0.17592. For answers and insight into Magic's price action, you're in the right place. Explore the latest Magic charts and trade responsibly with OKX.
Cryptocurrencies, such as Magic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Magic have been created as well.
Check out our Magic price prediction page to forecast future prices and determine your price targets.

Dive deeper into Magic

Web3 is shaping the future of the internet, and the metaverse stands out within this landscape. Among the beneficiaries of the metaverse's transformative potential is the gaming sector. Yet, while metaverse ecosystems, games, and decentralized apps (dApp) offer unique experiences, they often lack seamless integration. Addressing this challenge, Treasure introduces MAGIC, a solution designed to enhance connectivity across gaming communities within its metaverse ecosystem.

What is MAGIC

MAGIC is the token that powers the Treasure metaverse. Originally launched on the Ethereum blockchain in August 2021, Treasure later transitioned the protocol to the Arbitrum chain in October of the same year. This strategic move has solidified Treasure's position as a prominent decentralized game publisher within the Arbitrum network. Across the Treasure platform, every listed project or game operates through MAGIC tokens, fostering seamless interactions among games, players, metaverses, and Web3 communities.

Beyond its role as a currency within the Web3 ecosystem, MAGIC offers a robust software development kit (SDK) that simplifies the construction and deployment of Web3 applications for developers. This SDK enhances both efficiency and user-friendliness, contributing to the growth and accessibility of the Web3 landscape.

The MAGIC team

In August 2021, John Patten launched MAGIC alongside a team of skilled creatives and technology experts. The project's co-founders, John Patten and Karel Vuong, spearheaded its inception. Currently, MAGIC operates under the governance of a decentralized autonomous organization (DAO) comprising more than 30 community contributors.

How does MAGIC work 

An integral component of the MAGIC ecosystem is MagicSwap. MagicSwap facilitates the exchange of MAGIC tokens for other digital assets utilized in various Web3 games. By utilizing MagicSwap, users can access multiple games without the need to individually purchase or trade for in-game assets. 

Another component is Bridgeworld, the central metaverse. Bridgeworld serves as a focal point for connecting and accessing other metaverses. 

Additionally, there exists Trove, a specialized non-fungible token (NFT) marketplace that operates on the Arbitrum chain. It is in Trove where MAGIC holders, collectors, and game players converge to engage to buy and sell gamified NFTs. These NFTs, known as Treasures, act as valuable resources that enhance gameplay and assist in completing quests across different games within the MAGIC world.

The utility token of Magic: MAGIC

MAGIC serves as the utility token within the Magic protocol, functioning as the primary currency. Beyond that, MAGIC connects different metaverse platforms, acting as a seamless bridge between them. Furthermore, MAGIC takes on a foundational governance role within the Treasure network, empowering MAGIC token holders with voting rights in crucial decision-making processes that mold the platform's trajectory.

MAGIC tokenomics

MAGIC is an ERC-20 standard asset created with a maximum supply of 347,714,007 tokens. The tokens are distributed among gamers, miners, network stakers, the treasury, and the development team. MAGIC is a deflationary asset, meaning the total supply of MAGIC reduces as more tokens are burnt.

MAGIC use cases 

MAGIC has an array of applications, encompassing enabling in-game characters to embark on quests and craft new items, paying network fees, acquiring NFTs, and procuring in-game assets. Its role extends to being the reserve currency within the Treasure ecosystem, while also serving as a bridge to connect diverse metaverse platforms.

MAGIC distribution

MAGIC launched in 2021 with the following distribution:

  • 33 percent: Treasure Farm
  • 25 percent: Mining rewards
  • 17 percent: Staking and liquidity
  • 15 percent: MAGIC ecosystem fund
  • 10 percent: MAGIC team

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Market cap
$55.47M #203
Circulating supply
316.05M / 347.71M
All-time high
$6.492
24h volume
$14.42M
2.9 / 5
MAGICMAGIC
USDUSD
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