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Magic Internet Money (Optimism)
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Magic Internet Money (Optimism) Price(MIM)

Details
ⓘ LBank does not support trading or services for this token.
$0.9980
+0.00%
1d
USD
Last updated on: 2026-04-26 14:44:10
MIM price insightsWhat is MIM?AI analysis reportMIM Price PredictionHow to buy MIMHot EventsFAQ

Magic Internet Money (Optimism) (MIM) Price information (USD)

24HLower Price
$0.9979
24HUpper Price
$0.9980
All-Time High
$1.79
Lower Price
$0.8906
Change(1H)
+0.00%
Change(24H)
+0.00%
Change(7D)
0.00%

The current real-time price of MIM is $0.9980. In the past 24 hours, MIM has traded between $0.9979 and $0.9980, showing strong market activity. The all-time high of MIM is $1.79, and the all-time low is $0.8906.

From a short-term perspective, the price change of MIM over the past 1 hour is +0.00%, over the past 24 hours is +0.00%, and over the past 7 days is 0.00%. These figures provide a quick overview of the latest price trends and market dynamics of MIM on LBank.

Magic Internet Money (Optimism) (MIM) Market Information

Popularity
#851
MC
$17.884M
Trading Volume(24H)
12.77
Fully Diluted Market Cap
17.885M
Circulating Supply
17.919M
Total Supply
17.919M
Launch Date
--
Underlying Blockchain
--
The current market cap of MIM is $17.884M, with a 24h trading volume of 12.77, a circulating supply of 17.919M, a total supply of 17.919M, and a fully diluted valuation (FDV) of 17.885M.

Magic Internet Money (Optimism) (MIM) Today's Price

The live price of MIM today is $0.998062, with a current market cap of $17.884M. The 24-hour trading volume is 12.77. The price of MIM to USD is updated in real time. MIM's 24-hour price change is +0.95%. Circulating supply: 17.919M.

Magic Internet Money (Optimism) (MIM) Price History (USD)

Date Comparison
Value Change
Change (%)
No data
Want to unlock the full price history and price trends of MIM? View now MIM Price history page

What is MAGIC INTERNET MONEY (OPTIMISM) (MIM)?

Magic Internet Money (MIM) is a stablecoin primarily associated with the Abracadabra.money decentralized lending platform. It is designed to maintain a peg to the US dollar. Users can mint MIM tokens by depositing various interest-bearing crypto assets as collateral on the Abracadabra.money platform. This mechanism allows individuals to access liquidity from their digital asset holdings without needing to sell them, and also enables them to leverage their positions. The Abracadabra.money protocol employs Kashi Lending Technology, which facilitates isolated lending markets. This technology allows users to customize their risk exposure based on the collateral they choose to provide. MIM is a multichain token, meaning it operates across several blockchain networks, including Optimism. Its multichain capability is enhanced through a process called "beaming," which uses LayerZero's Omnichain Fungible Token (OFT) standard to enable swift and secure transfers of MIM between different chains. This interoperability expands MIM's utility and allows users to interact with it across various blockchain ecosystems. The governance token for the Abracadabra.money protocol is SPELL. The project aims to provide opportunities for users to utilize their locked capital. Learn more

When is the right time to buy MIM? Should I buy or sell MIM now?

Before deciding whether to buy or sell MIM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MIM technical analysis can provide you with trading references.

Based on MIM 4-hour technical analysis, the trading signal is --.

Based on MIM 1-day technical analysis, the trading signal is --.

Based on MIM 1-week technical analysis, the trading signal is --.

Future price trend of MIM

What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MIM.

How much will MIM be worth tomorrow, next week, or next month in ? What about your MIM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now!MIM Price Prediction

Buy MIMMIM Technical AnalysisMIM Price Prediction

How to buy MAGIC INTERNET MONEY (OPTIMISM) (MIM)

Looking to buy How to buy MIM? The process is simple and hassle-free! You can easily purchase MIM on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

Convert MIM to local currency

1MIM to CNY conversion0.145702 CNY1MIM to USD conversion0.998062 USD1MIM to EUR conversion1.168690 EUR1MIM to PHP conversion0.016447 PHP1MIM to AUD conversion0.718030 AUD1MIM to JPY conversion0.006259 JPY1MIM to GBP conversion1.348732 GBP1MIM to INR conversion0.010588 INR1MIM to CAD conversion0.733869 CAD1MIM to RUB conversion0.013240 RUB1MIM to BRL conversion0.199213 BRL1MIM to PLN conversion0.275707 PLN1MIM to IDR conversion0.000058 IDR1MIM to ZAR conversion0.060305 ZAR1MIM to THB conversion0.030842 THB1MIM to CHF conversion1.279566 CHF1MIM to MYR conversion0.252035 MYR1MIM to MXN conversion0.057392 MXN1MIM to HRK conversion0.155219 HRK1MIM to ARS conversion0.000714 ARS1MIM to KZT conversion0.002149 KZT1MIM to VND conversion0.000037 VND1MIM to ILS conversion0.334920 ILS1MIM to BDT conversion0.008125 BDT1MIM to HKD conversion0.127466 HKD1MIM to TWD conversion0.031684 TWD1MIM to COP conversion0.000278 COP1MIM to DKK conversion0.156681 DKK1MIM to BGN conversion0.597641 BGN1MIM to NOK conversion0.107088 NOK1MIM to DZD conversion0.007521 DZD1MIM to RON conversion0.229968 RON
1MIM to SGD conversion0.785875 SGD1MIM to NGN conversion0.000736 NGN1MIM to CZK conversion0.047960 CZK1MIM to PKR conversion0.003568 PKR1MIM to SEK conversion0.108132 SEK1MIM to NZD conversion0.587095 NZD1MIM to UAH conversion0.022672 UAH1MIM to AED conversion0.271951 AED1MIM to SAR conversion0.266149 SAR1MIM to KWD conversion3.326873 KWD1MIM to MAD conversion0.107898 MAD1MIM to KES conversion0.007722 KES1MIM to TRY conversion0.022169 TRY1MIM to GHS conversion0.089432 GHS1MIM to TZS conversion0.000382 TZS1MIM to UGX conversion0.000270 UGX1MIM to ISK conversion0.008117 ISK1MIM to AZN conversion0.587095 AZN1MIM to CLP conversion0.001114 CLP1MIM to CRC conversion0.002186 CRC1MIM to DOP conversion0.016554 DOP1MIM to GEL conversion0.371026 GEL1MIM to HUF conversion0.003195 HUF1MIM to MDL conversion0.057658 MDL1MIM to NAD conversion0.060305 NAD1MIM to PEN conversion0.289293 PEN1MIM to UYU conversion0.025051 UYU1MIM to UZS conversion0.000082 UZS1MIM to LKR conversion0.003143 LKR1MIM to XOF conversion0.001781 XOF1MIM to XAF conversion0.001781 XAF

MIM Resources

To learn more about MIM, consider exploring other resources such as the whitepaper, official website, and other published information:

Position distribution

View Magic Internet Money (Optimism)(MIM) data
Top 5 addresses
Holding amount
Holding ratio
optimistic-ethereum
0x4217...48b513
17.880M
99.78%
optimistic-ethereum
0x29a2...624e9a
6,228.399
0.03%
optimistic-ethereum
0x0c66...d400cf
5,861.332
0.03%
optimistic-ethereum
0x8ca1...bcab2b
2,341.643
0.01%
optimistic-ethereum
0x810d...a01f09
1,714.200
0.01%
Other
22,577.92
0.13%

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MAGIC INTERNET MONEY (OPTIMISM) (MIM) FAQ

MIM is a decentralized stablecoin created by Abracadabra.money, designed to maintain a stable value pegged to the US dollar. It operates on multiple blockchains, including Ethereum and Optimism. Its stability is ensured through an economic system that leverages financial incentives, providing a stable asset for users within the Web3 ecosystem.
MIM serves various financial purposes due to its stability. It acts as a hedge against market volatility and can be utilized for market making and leveraging strategies. Users can also engage in trading MIM, stake it to potentially earn income, or facilitate fast and cost-effective international payments. Its stable nature makes it a versatile tool for managing digital assets.
MIM is minted when users provide interest-bearing crypto assets, known as ibTKNs, as collateral on the Abracadabra.money platform. It is burned when the associated debt is repaid. The peg to the US dollar is maintained through several mechanisms, including automated market-making, balancing supply and demand dynamics, and leveraging arbitrage opportunities that incentivize market participants to keep its value close to one dollar.
Abracadabra.money accepts a variety of interest-bearing tokens (ibTKNs) as collateral for minting MIM. Examples include yvYFI, yvUSDT, yvUSDC, and xSUSHI. Additionally, popular tokens like Fantom (FTM) can also be used. This diverse range of accepted collateral allows users flexibility in borrowing MIM against their existing digital assets.
Key risks for MIM users revolve around its collateralized nature. Since the underlying collateral consists of interest-bearing assets, there's a potential risk of "bad debt" accumulation if the value of these assets significantly drops. Furthermore, users face liquidation risk if the market price of their deposited collateral falls below a predefined liquidation threshold, leading to their collateral being sold to cover the debt.
MIM's integration with the Optimism network allows it to leverage Optimism's Layer 2 scaling benefits. This means users can trade and utilize MIM within the Optimism ecosystem with significantly lower transaction fees and faster processing speeds compared to transactions on the Ethereum mainnet. MIM is designed as a multichain token, enabling its transfer across different networks using blockchain bridges to maintain interoperability.

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Disclaimer

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.

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Magic Internet Money (Optimism) Technical Analysis