"MAGE Coin" Disambiguation: Multiple Projects Share the Same Name
In the cryptocurrency space, the term “MAGE Coin” may refer to different projects.According to market information, there are primarily the following scenarios: First, the MEGA token planned for issuance by the MegaETH project; second, the already-issued MagicCoin (MAGE); and third, the MAGE token issued by the MetaBrands project. Understanding which specific project is being referred to is a prerequisite for further research and trading.
MegaETH (MEGA): A High-Performance, Ethereum, Layer 2 Project
MegaETH is a high-performance Layer 2 blockchain for the “Ethereum” (Gaming, Arts, and Entertainment) sector, developed by MegaLabs.The project aims to address the latency and performance bottlenecks of existing Layer 2 solutions, with the goal of achieving sub-millisecond latency and a processing capacity of over 100,000 transactions per second (TPS)—which is critical for decentralized applications requiring instantaneous responses, such as games, DeFi trading platforms, and social tools.
- Technical Features: MegaETH supports EVM compatibility, allowing developers to use existing Ethereum tools. Its core innovation lies in its “monolithic design,” which tightly integrates key functions such as ordering, proof generation, and data availability to optimize communication efficiency and accelerate transaction execution.
- Team and Funding: MegaLabs was founded in early 2023, with a core team comprising Yilong Li, Shuyao Kong, and Lei Yang. As of February 2025, MegaLabs has completed three funding rounds, raising a total of $57.73 million, with the seed round led by Dragonfly Capital.
- Token Status: As of the time of publication on July 25, 2026, the MegaETH project has not officially announced the total supply, allocation ratios, or unlock schedule for its token (MEGA).Relevant token details are expected to be disclosed prior to the mainnet launch; therefore, the MEGA token is not currently listed for trading on any exchange. Previous claims that it is tradable on centralized exchanges may be the result of misinformation or a reference to other tokens with the same name.
MagicCoin (MAGE): An Issued Cryptocurrency
MagicCoin (MAGE) is an issued cryptocurrency launched in 2024 and reportedly operable on the Merlin platform or Ethereum. The token has clearly defined supply metrics.
- Token Economics: As of this writing, the circulating supply of MagicCoin (MAGE) is approximately 1.231 billion MAGE, with a maximum supply and total supply of 21 billion MAGE.Historical data also shows that as of April 24, 2026, its circulating supply was 7,554,886 MAGE, and its maximum supply was 11,304,886 MAGE. Specific figures may change over time; please refer to the latest publicly available information.
- Trading Options: As of this writing, MagicCoin (MAGE) can be traded on exchanges that support the token, such as Crypto.com. Additionally, users can connect to decentralized exchanges via Web3 wallets like Coinbase Wallet to trade the token. Please be sure to verify the token’s listing status on your target platform before trading.
MetaBrands (MAGE): Web3 Ecosystem Token
MetaBrands (MAGE) is another project with the token symbol MAGE, founded by a team with expertise in Web3, blockchain development, decentralization, finance, branding, marketing, and gaming.
- Token Economics: As of July 8, 2026, the circulating supply of MetaBrands (MAGE) is approximately 14,632,395 MAGE, with a maximum supply of 100,000,000 MAGE.The token has reached an all-time high of $0.69692661.
- Trading Options: MetaBrands (MAGE) can be traded on exchanges that support the token. Please verify the token’s listing status on your chosen platform before trading.
Risk Disclosure for Trading MAGE
Given the multiple meanings associated with “MAGE,” investors must carefully verify the official information, token symbol, and smart contract address of the project they are interested in before conducting any transactions to ensure they are identifying the correct token. The cryptocurrency market is highly volatile, and prices are influenced by various external factors; investing carries high risks.It is recommended that you make investment decisions prudently only after fully understanding the project and assessing your own risk tolerance.
