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Magnetchain

Magnetchain

February 12, 2025·
Magnet Team

Magnet Chain Takes Off!

We are thrilled to announce the official launch of Magnet Chain! This is a significant milestone, marking a major step towards our vision of building a faster, lower-fee, and more accessible blockchain infrastructure.

Introducing Magnet Chain

Magnet Chain is a Layer-1 blockchain that is both EVM-compatible and utilizes a Proof-of-Stake (PoS) consensus mechanism. It’s designed for high performance, capable of processing up to 7,000 transactions per second (TPS). This means Magnet Chain can handle a large volume of transactions without users having to deal with high gas fees.

The total supply of Magnet’s native token, $MAG, is set at 210 million. It’s a 1:1 swap from the $MAG token on the BSC chain.

Magnet Testnet is Live

To give everyone a chance to experience the power of Magnet Chain, we’ve launched our testnet. We encourage you to participate in the testing phase and share your valuable feedback.

Our Vision

With Magnet Chain, we aim to create a more user-friendly and cost-effective blockchain infrastructure, empowering the next generation of decentralized applications (dApps) to thrive. We believe Magnet Chain will play a key role in the widespread adoption and use of blockchain technology.

Welcome to Magnet

Experience a faster, lower-fee blockchain!

Build on a more accessible, economical blockchain infrastructure!

Empower the next wave of decentralized applications!

Learn More

We’re excited to explore the endless possibilities of Magnet Chain with you!