Recently, the atmosphere on the Sui chain is honestly quite surreal. A few days ago, everyone was frantically chasing various hot projects, FOMO sentiment was at its peak, but within a couple of days, the hype cooled off completely. Now, the situation is basically existing funds oscillating back and forth, and playing for a long time truly feels exhausting.

But after calming down and thinking about it, this kind of market environment actually is suitable for looking for overlooked targets. These days, I’ve been reviewing Magma Finance’s data and progress and found that this DeFi protocol might be seriously undervalued — sometimes, the real opportunities hide in corners no one is paying attention to.