MagicSea V2.1 (Iota EVM) overview
Decentralized (DEX). Established 2024. Trust rank 621. Reported 24h volume 0.61 BTC.
Coverage: 4 active pairs across 3 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 100.0%. Key pairs include WETH/WIOTA, USDC.E/WIOTA, USDC.E/USDT, MLUM/WIOTA. Leading pair WETH/WIOTA. Median spread on leading markets 0.61%.
Understanding activity and pricing
Volume mix: WIOTA is the largest tracked quote currency at about 93.0% of measured flow. Data scope: 4 tickers observed, with spread readings on 4 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. With a compact set of pairs, most activity tends to funnel into the leaders, so the top pairs list becomes especially important. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. A good read is to pair these metrics with the top pairs panel and the.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy