Today, we proudly unveil the Magma Testnet, a cutting-edge app chain built on the OP Stack. Designed to offer secure, lightning-fast transactions and cost-effective gas costs, the Magma Testnet lays the foundation for UniDex's ecosystem of products.

What is Magma?

We aim to increase the adoption of on-chain activity specifically in the DEX sector. We believe the strongest path forward is a network of highly efficient app chains tailored to an ecosystem of products while leaving the base layers for generalized activity. That’s why we’re making our own app chain to ensure the trading experience is tailored toward traders.

Magma can be many things to the individual user but it’s designed to make sure the user’s experience within the UniDex ecosystem of products remains unmatched. There is no new token or potential airdrop, but there are incentives when the mainnet comes around.

For users that want to get connected quickly here is how you add the Magma testnet to any web3 wallet which allows custom networks

• Network Name: Magma Testnet

• RPC URL: https://magma.unidex.network

• Chain ID: 1317131

• Currency Symbol: UNIDX

• Block Explorer URL: N/A

What’s there to do on Magma?

We immediately deployed the UniDex ecosystem on the testnet allowing people to test out a few different products, including familiar apps like UniswapV3. This will allow traders to test out the Magma Testnet experience using familiar platforms, allowing users to gauge the feel and experience of an app chain.

For the team, we will deploy any beta access builds and other upcoming protocols on the testnet. This doesn’t mean that other chain deployments will be deprecated as the contracts will always remain functional. But our primary focus will be on the product ecosystem built on our app chain.

For traders, you can try out how trading on the future mainnet would be on the app chain by using the perpetual platform, Uniswap style swapping platform, market-making strategies, and other trading related activity.

For developers, you are free to deploy what you want including some existing infrastructure like subgraphs already there and ready. Contact the team over at discord where we have specific channels for developers and builders looking to build on top of Magma or the UniDex ecosystem.

How do I try out the network?

While we are coming out with a faucet, there are 4 main ways to get your hands on testnet tokens.

Being a holder of UNIDX on L1 or L2
Being a UNIDX holder means you support our journey and cause. Testnet tokens will automatically be distributed to holders in periodic batches. You could get a little extra if you also qualify for some of the actions below!

Frequent user of exchange
We want to help onboard and convince users that already know and love our product on the chains they trade on. So if you’ve traded on the platform regularly, we’ll ensure you get some testnet tokens to give it a shot.

Builder in the ecosystem
Builders make DeFi fun for everyone. If you are looking to build on top of the ecosystem or are just curious about what the app chain experience may look like. Join our community channels and drop us a message in our dev channels.

Community members
We want to reward our active and dedicated community members with a way to test out the network and help onboard new members in a much more seamless capacity. If you’re active in our community chats, you’ll be able to get your hands on some beta builds deployed first on the testnet.

What comes next?

The Magma testnet will undergo multiple regenesis periods as we enable and roll out new features and new deployments on the network. To stay updated with news and other events, join our social channels linked at the bottom of the article.

Something to watch out for is that only wallets that support adding custom networks like Frame or Metamask can be used to access the testnet. And while the network is EVM-Equivelance, not all infrastructure, such as your favorite block explorer APIs or private note endpoints, may be available. But most things should work out of the box as if you deployed on ETH.

Important Links

Discord invite link — https://discord.gg/unidex
Twitter — https://twitter.com/UniDexFinance
Telegram Group — https://t.me/unidexfinance
Telegram Announcement channel — https://t.me/unidexapp
Website -https://www.unidex.exchange/
Aggregation Terminal — https://app.unidex.exchange/
Leverage Terminal — https://leverage.unidex.exchange/
Leverage Leaderboards — https://www.comp.unidex.exchange/
Business Inquiries — marketing@unidex.finance