Magma Finance officially launched ALMM, Sui's first Adaptive & Dynamic DEX

According to BlockBeats, on September 11, Magma Finance officially announced today that its innovative product ALMM (Adaptive Liquidity Market Maker) will be launched, becoming the first Adaptive & Dynamic DEX on the Sui blockchain. As an improved version of DLMM, ALMM significantly improves liquidity efficiency and trading experience through discrete price bins and dynamic fee mechanisms, marking a major upgrade of the Sui ecosystem DeFi infrastructure. Magma Finance is Sui's ecologically innovative DeFi protocol. This time, ALMM is launched to solve the pain points of traditional AMMs in capital utilization, slippage control and cost adaptability. Core functions include: discrete price bins to achieve zero slippage intra-bin trading; dynamic adaptive fees, automatic adjustment based on market fluctuations, improving capital efficiency; flexible liquidity deployment strategies, supporting unilateral liquidity, etc. On the eve of its launch, Magma has shown strong momentum, with TVL exceeding $20 million. The agreement has been audited by multiple rounds of institutions such as Zellic and Three Sigma. More points activities are underway now.