Magma Finance is a CDP protocol that serves as a smart settlement plugin for the Sui network, focusing on efficient clearing and settlement within that ecosystem. Parallel is a CDP protocol designed as autonomous stablecoin infrastructure for agent economies, targeting programmable, trust-minimized stablecoins for automated agents. Magma suits Sui-based DeFi users and developers needing native settlement, while Parallel is better for builders of agent-driven or autonomous economic systems.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $64.9KDefiLlama | — |
| MCap Rank | #390 | #1966 |
| Total Raised | $6.0M | $85.0M |
| Founded | 2024 | 2021 |
| Stage | — | — |
| X / Twitter | 30K | 1K |
| GitHub Stars | — | 7 |
| Chains | iotexsui | avalanchebaseethereum |
| Tags | DeFi, DEX, Decentralized Finance (DeFi) | Gaming, Card Games, Gaming |
Magma Finance is a decentralized exchange and liquidity protocol on Sui that provides adaptive liquidity, improved capital efficiency, and deeper execution depth for DeFi traders. It also offers a CDP platform on IoTeX that unlocks native chain token liquidity with 0% loans backed by IOTX collateral.
Parallel is a modular, over-collateralized stablecoin protocol that lets users mint stablecoins against yield-bearing assets. It focuses on clean failure modes for AI agents, setting spending boundaries exclusively through funded wallet balances, not configurable limits.