Magic Internet Money

It belongs to the DeFi sector (Decentralized Lending). It has traded since Jun 5, 2021, across 380 markets on 9 exchanges, with $631.54 of volume in the last 24 hours. Its all-time high of $6.58 was reached on Mar 15, 2023; the current price is 99.2% below that peak. Its cycle low of $0.0164688 came on Sep 28, 2026.

Development data lists 4 core developers and 3,420 code commits. It is available on 11 networks.

Abracadabra Money is a multi-chain DeFi protocol enabling users to lend assets as collateral to borrow the protocol's USD pegged stablecoin Magic Internet Money (MIM) with or without using leverage. The protocol also features a staking and governance token called SPELL. Abracadabra Money began by accepting interest-bearing assets as collateral but has expanded to accept other assets, such as WBTC, WETH, and staked SPELL (sSPELL).