Magma PriceGMON

What is Magma (GMON)?

Magma (GMON) is a community-focused liquid staking protocol built on the Monad blockchain. It allows MON holders to stake their tokens through a pooled staking mechanism and receive gMON, a liquid receipt token that is fully backed by and redeemable for staked MON. Magma is designed to combine equitable token distribution through points programs with community-driven governance, positioning itself as a DAO-owned liquid staking platform within the Monad ecosystem. The protocol is developing the first Distributed Validator on Monad in collaboration with Obol and is building MEV infrastructure intended to significantly reduce latency. Magma's staking went live on Monad's mainnet on November 24, 2025, following the MON token sale. The gMON token has a reported circulating supply of approximately 96.1 million and a total supply of roughly 41.49 million according to CoinMarketCap data.

Key Specifications & Tokenomics

• Name: Magma
• Ticker / Symbol: GMON
• Also Referenced As: Magma Staked Monad (GMON); gMONAD; gMON
• Blockchain / Network: Monad
• Category: Liquid Staking Derivatives, DeFi, Rehypothecated Crypto
• Official Website: https://www.magmastaking.xyz/
• Whitepaper / Documentation: https://docs.hydrogenlabs.xyz/magma
• Explorer: monadvision.com
• CertiK Rating: 3.8
• CoinMarketCap ID (UCID): 35966
• Max Supply: Not capped per listed sources
• Total Supply: 41.49M GMON (CoinMarketCap); 70.52M (MEXC, Bybit, LBank); 41.5M GMON (Crypto.com)
• Circulating Supply: 96.1M GMON (CoinMarketCap, Binance, Crypto.com); 70.52M (MEXC, Bybit, LBank)
• Holders: 5.83K
• CMC Ranking: #8096 per CoinMarketCap snapshot

Who created Magma?

Magma is developed by Hydrogen Labs, according to RootData. The project lists two founders: Meir Bank, identified as Co-Founder and also referenced as CEO in a Tracxn company profile, and David Mass, identified as Founder and referenced as CEO in reporting by The Block. Sources differ on the CEO designation, with both individuals listed as founders. David Mass has stated in The Block reporting that he is less focused on early TVL spikes and more focused on what people are actually doing on-chain. Detailed public information about the broader core team is currently limited.

How does Magma work?

Magma operates as a liquid staking protocol on Monad. Users stake MON tokens into Magma's staking pool and receive gMON, a liquid staked Monad token, in return. The staking process follows three steps: first, stake MON into the pool and receive gMON for use in DeFi; second, Magma delegates the staked MON to top validators; third, users receive staking rewards and extra APY from MEV. The stake rate wait is approximately 12 hours, while unstaking is instant via 0x with 0% slippage. The reported APY is approximately 13%. Monad validators participate in the Magma auction, where they auction off blockspace and generate MEV rewards that are shared with stakers, boosting their APY. Magma gVaults are also live, allowing users to choose their own validator on Monad.

What makes Magma unique and valuable?

Magma differentiates itself through several features. It is building the first Distributed Validator on Monad in collaboration with Obol, which enhances network resilience and decentralization. The protocol is developing MEV infrastructure to significantly reduce latency, with MEV-boosted liquid staking powered by what it describes as the fastest Block Engine in crypto. Magma emphasizes equitable token distribution via airdrops and points programs, and operates as a DAO-owned platform where community members participate in decision-making. The gMON token unlocks full DeFi composability, boosts capital efficiency, and rewards users with Magma Points for using it across Monad DeFi, NFTs, and other applications. These features position Magma as a community-aligned liquid staking solution within the growing Monad ecosystem.

What is Magma used for?

GMON, as the liquid staking token of Magma, serves multiple purposes within the Monad ecosystem. It allows users to earn staking rewards while retaining liquidity, meaning they can participate in DeFi activities without unstaking their MON. gMON can be used as collateral across dApps within the Monad ecosystem to buy, sell, trade, provide liquidity, lend, and borrow. It can also be used to provide collateral to take out a loan. Additionally, using gMON across Monad DeFi, NFTs, and other applications rewards users with Magma Points. The token is fully backed by and redeemable for staked MON, ensuring that holders maintain exposure to the underlying staked assets while benefiting from DeFi composability.

How Is the Magma ecosystem developing?

The Magma ecosystem is actively expanding across the Monad network. Magma gVaults are live, allowing users to select their own validator on Monad. The protocol has collaborated with Obol to build the first Distributed Validator on Monad and with Stakely, which published a blog post about discovering liquid staking on Monad with Magma and joining Stakely's gVault. Folks Finance is integrated for looping gMON using MON to increase exposure to Monad Liquid Staking yield. The gMON token is usable across Monad DeFi dApps for buying, selling, trading, providing liquidity, lending, and borrowing. Magma also runs a points program that rewards users for using gMON across Monad DeFi, NFTs, and more, supporting equitable token distribution and community engagement.

How to mine Magma?

Magma does not use traditional mining. Instead, users participate in liquid staking. To stake, users deposit MON tokens into Magma's staking pool and receive gMON in return. The staking process involves a stake rate wait of approximately 12 hours. Unstaking is instant via 0x with 0% slippage. The reported APY is approximately 13%, which includes staking rewards and extra APY from MEV. Monad validators participate in the Magma auction to generate MEV rewards that are shared with stakers. Users can also choose their own validator through Magma gVaults. To participate, users need MON tokens on the Monad network and a compatible wallet to interact with the Magma protocol.

How to keep your Magma Coin safe?

Keeping GMON safe requires following standard cryptocurrency security practices. Use a reputable self-custody wallet that supports the Monad network and gMON tokens. Store your seed phrase securely offline and never share it with anyone. Verify all contract addresses and official URLs before interacting with any protocol. Since gMON is used across various DeFi platforms, be cautious of smart contract risks and only interact with audited and trusted dApps. Magma has a CertiK rating of 3.8, which provides some indication of security review, but users should always conduct their own research. Be aware that investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of your entire capital. Consider using hardware wallets for large holdings and remain vigilant against phishing attempts and fraudulent websites.