About Magma Staking
Magma Staking is a Technology company based in Miami (United States) founded in 2024 by David Mass and Meir Bank. Magma Staking is focused on liquid staking solutions for Monad. It operates on a Blockchain-as-a-Service model in Technology and Financial Services sectors. Magma Staking has raised $3.9 million across 1 funding round from investors including Animoca Ventures, Bloccelerate VC and CMS Holdings. Its chief executive is Meir Bank. Magma Staking offers products and services including Liquid Staking on Monad. Its focus areas include Blockchain and Cryptocurrency Services. Its competitors include CyberConnect, Lido, Stader, Kiln and RockX and 5 more; 10 of its 10 listed competitors have raised funding.
Company details
Magma Staking is engaged in providing liquid staking protocols on the Monad blockchain. The service is designed to allow users to stake MON tokens and receive gMON for use in DeFi applications. Staking rewards are supplemented by MEV-boosted yields through validator auctions. The protocol is community-driven, with governance aligned to the long-term direction of the Monad ecosystem.
- Headquarters Miami, United States
- Founders David Mass, Meir Bank
- SectorsTechnologyFinancial Services
- Email••••••••
- Website magmastaking.xyz
- Social X
- Total Equity Funding$3.9M (USD)
in 1 rounds
- Latest Funding Round$3.9M (USD), Seed
Oct 2024
- InvestorsAnimoca Ventures
& 15 more
Products & Services of Magma Staking
Magma Staking offers a comprehensive portfolio of products and services, including Liquid Staking on Monad.
Liquid staking service offered for Monad blockchain users.
Funding Insights of Magma Staking
Magma Staking has successfully raised a total of $3.9M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.9 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.9M
- Total Rounds 1
- Last Round Seed — $3.9M
- First Round $3.9M
(Oct 2024)
- Investors Count 16
All 1 funding rounds of Magma Staking with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $3.9M | Seed | – | – |
16 investors in total: 11 institutional and 5 angel.
Investors in Magma Staking
Magma Staking has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Animoca Ventures, Bloccelerate VC and CMS Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Bloccelerate VC is focused on investing in blockchain startups. | – | bloccelerate.vc | Seattle, United States | |
Investment activities are focused on Bitcoin and related technologies. | – | maelstrom.fund | Brooklyn, United States | |
Builder Capital is engaged in Web3 investment and partnerships. | – | buildercapital.io | - | |
Early-stage investments in B2B fintech are facilitated by Infinity Ventures. | – | infinityvc.capital | - | |
Early-stage investments in Web3 and blockchain companies are provided. | 2019 | animoca.ventures | Cayman Islands | |
Manages diversified investment portfolios across multiple asset classes. | 2019 | cmsholdings.io | Memphis, United States | |
Manages diversified investment portfolios across various asset classes. | 2010 | rocktreecapital.com | New York, United States | |
- | – | wise3ventures.tcc.mode | - | |
Blockchain group led by pioneers in DeFi, AI, and investment sectors. | 2016 | stake.capital | Zug, Switzerland | |
Support is provided for crypto infrastructure and adoption. | – | relayer.capital | - |
Investor details for Magma Staking
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
People of Magma Staking
2 people are tracked at Magma Staking (2 in leadership).
| Name | Role | Group |
|---|---|---|
David Mass | Co-Founder | Leadership |
Meir Bank | Co-Founder & CEO | Leadership |
Complete people profiles for Magma Staking
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- Full employee list
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Timeline of Magma Staking
2 dated milestones of Magma Staking, from founding to its latest funding, stage changes and deals.
- Founded Magma Staking is founded.
- Funding First funding round of $3.9M.
Competitors of Magma Staking
Magma Staking has 10 listed competitors in our database, 10 of them funded. They include CyberConnect, Lido, Stader, Kiln and RockX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cyberconnect.me | 2021 | Palo Alto, United States | $25M | – | Web3 social network platform | |
| lido.fi | 2020 | Finland | $72M | 922 | Non-custodial staking for Ethereum and other cryptocurrencies is facilitated. | |
| staderlabs.com | 2021 | Singapore | $16.5M | – | Staking solutions for cryptocurrencies are provided via an online platform. | |
| kiln.fi | 2022 | Paris, France | $39.66M | – | Provider of cryptocurrency staking solutions | |
| rockx.com | 2019 | Singapore | $6M | – | Digital staking solutions for cryptocurrencie | |
| ether.fi | 2022 | George Town, Cayman Islands | $32.3M | – | Liquid staking protocol | |
| stakewith.us | 2019 | Singapore | $595,167 | – | Staking platform for cryptocurrency | |
| eigenlayer.xyz | 2021 | Seattle, United States | $241.23M | 36 | Platform offering a set of smart contracts on Ethereum | |
| xend.finance | 2019 | Lagos, Nigeria | $2M | – | DeFi savings are enabled for credit unions and cooperatives. | |
| solv.finance | 2021 | Beijing, China | $26M | – | Blockchain-based network for financial institutions |
Detailed competitors of Magma Staking
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Magma Staking
The website of Magma Staking (magmastaking.xyz) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 65.5% vs previous month
Websites whose visitors overlap most with Magma Staking. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kintsu.xyz | 100% | 10.6K | #2,865,468 | View details | |
| owlto.finance | 99% | 107.2K | #612,986 | View details | |
shmonad.xyz | shmonad.xyz | 96% | – | #2,484,089 | – |
magiceden.io | magiceden.io | 67% | – | #63,331 | – |
| kuru.io | 66% | 33.5K | #487,011 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Magma Staking
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- 18 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Blockchain & Decentralized Infrastructure
10 companies that operate in the same segment as Magma Staking (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | 708 | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | 166 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 563.9 M | – | 366 | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | 151 |
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Related news about Magma Staking
Complete news archive for Magma Staking
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Frequently Asked Questions about Magma Staking
Magma Staking was founded in 2024.
Magma Staking is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Meir Bank is the current CEO of Magma Staking. They have also founded this company.
Magma Staking is a funded company, having raised a total of $3.9M across 1 funding round to date. The company's 1st funding round was a Seed of $3.9M, raised on Oct 2024.
Magma Staking is engaged in providing liquid staking protocols on the Monad blockchain. The service is designed to allow users to stake MON tokens and receive gMON for use in DeFi applications. Staking rewards are supplemented by MEV-boosted yields through validator auctions. The protocol is community-driven, with governance aligned to the long-term direction of the Monad ecosystem.
Magma Staking's top competitors include Lido, Kiln and EigenLayer.
Magma Staking offers Liquid Staking on Monad.
Magma Staking has 16 investors. Key investors include Animoca Ventures, Bloccelerate VC, CMS Holdings, Maelstrom, and Veil VC.