MAGIC +699.35% in 24 Hours Amid Major Ecosystem Upgrades

On AUG 12 2025, MAGIC surged by 699.35% within 24 hours to reach $0.2786, with a 2697.34% gain in 7 days and 9754.39% over the past month. The token has, however, seen a significant decline of 3362.41% over the past year.

Strategic Partnerships Drive Market Momentum

MAGIC has announced the formal integration of its decentralized finance (DeFi) protocols into the leading dApp platform, Dora, expanding its reach to a broader user base. This collaboration enables seamless cross-chain interactions and enhanced liquidity options for MAGIC holders. The partnership is expected to bolster the token’s utility within the growing DeFi ecosystem.

Additionally, the team launched a new staking module that allows users to earn yield directly from the native token without the need for third-party platforms. The module was rolled out across multiple blockchain networks, further reinforcing MAGIC’s position in the multichain landscape.

Ecosystem Expansion and Community Growth

MAGIC’s development team recently activated a governance update, granting token holders the ability to propose and vote on protocol upgrades directly on-chain. This shift toward decentralized governance has led to a surge in community participation, with over 100 proposals submitted in the past week alone.

The project also announced the launch of a new educational initiative aimed at onboarding retail investors and developers into the MAGIC ecosystem. This initiative includes a series of workshops, tutorials, and a newly launched academy focused on smart contract development and token economics.

Developer Activity and Product Launches

MAGIC’s GitHub repository has seen a marked increase in contributions, with over 500 commits added in the past 30 days. The team has been actively optimizing smart contracts and integrating with major decentralized exchanges. These updates have enhanced the platform’s throughput and reduced gas costs for end users.

A key milestone was reached with the public deployment of the MAGIC Wallet, a non-custodial wallet built natively on the platform. The wallet supports multiple chains and includes built-in dApp integration, making it a one-stop solution for users engaging with the MAGIC ecosystem.

Analysts Highlight Catalysts for Continued Growth

Analysts project that MAGIC’s recent upgrades and expanding ecosystem may support continued on-chain activity and user acquisition. The token’s performance has outpaced many mid-cap assets in the past month, driven largely by product launches and governance improvements.

While long-term volatility remains a factor, the recent focus on infrastructure and user experience has been cited as a key differentiator in the broader market landscape. The project’s ability to sustain innovation while maintaining security has been noted by several independent reviewers in the space.

Conclusion

MAGIC has experienced one of the most significant short-term price movements in recent history, fueled by strategic partnerships, governance advancements, and a surge in developer activity. With a robust roadmap and growing user base, the project is positioning itself as a key player in the evolving decentralized finance and multichain space.