December 16, 2025 Binance Alpha Project $MAGMA
Launch Time: 18:00 226 Points
Project Overview: $SUI liquidity protocol of the ecosystem, using AI-driven ALMM + ve(3,3), focusing on improving capital efficiency.
TVL has already reached 20 million USD, positioning it as the infrastructure of Sui.
Total Token Supply: 1 billion Initial Circulation: 190 million (19%)
Team Founder Michael Nguyen, background in DeFi and liquidity management.
In December 2025, raised 6 million USD in financing, with investors including HashKey, SNZ, SevenX, and support from the Sui ecosystem, but most of the team is anonymous.
Currently there is a points system, likely to be exchanged for airdrops later, with tasks mainly on Galxe / TaskOn + protocol interaction. Details of the token economy have not been fully disclosed.
Conclusion: The first trading platform of Binance Alpha is open, with a low opening trend that can be taken. The model is innovative, having won the hackathon and Demo Day first.
Currently stabilizing points: $ARTX
