Magic Square

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL equals the balance of the specified ERC20 held by the target Magic Farm contract on specific network.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Magic Square's governance or utility token carries a market capitalisation of US$11.6万 based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token (US$11.6万) above the protocol's on-chain TVL (US$855.7) — a mcap/TVL multiple of 136.04× implies investors are paying for expected future fee flows rather than current deposits alone.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

由 DeFiLlama 社区标记的重要事件——协议上线、安全攻击、治理变更和激励计划。

1. Sep 29, 2025
   上线 DeFiLlama

Magic Square operates in the Farm category of DeFi. It is deployed across 5 chains, including Base, Avalanche, Ethereum, Optimism and 1 other chain.

Magic Square runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 100% of its on-chain value sits on just three networks (Base, Avalanche, Ethereum), so a fault on any one of them would affect a large slice of users. Its token market cap (US$11.6万) currently exceeds total value locked (US$855.7) — a mcap/TVL ratio of 136.04 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Magic Square — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Magic Square is one of 7 Farm protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Buzz Farming, Zircuit Staking, AILayer farm, and 3 more. These peer protocols collectively secure US$6.5亿 in deposits, giving you a frame of reference for whether Magic Square's own TVL is at the top, middle, or tail of the category.

Buzz Farming

TVL US$2.8亿 · 24h +0.55%

Zircuit Staking

TVL US$1.4亿 · 24h -16.55%

AILayer farm

TVL US$7770.1万 · 24h +0.07%

Swell L2 Farm

TVL US$7554.1万 · 24h +0.74%

Hemi Staking

TVL US$4107.8万 · 24h +0.80%

Firelight

TVL US$3808.8万 · 24h -0.54%