Deep Dive
1. 402-AMM Launch (19 November 2025)
Overview: Treasure introduced 402-AMM, enabling developers to integrate gasless token swaps directly into apps, bypassing Uniswap dependencies.
This update simplifies DeFi interactions by abstracting gas fees and liquidity pool complexities. The protocol uses MAGIC for fee capture, potentially increasing token utility.
What this means: This is bullish for MAGIC because it reduces friction for users entering Treasure’s ecosystem, encouraging broader adoption of its AI and gaming products. (Source)
2. Treasure Chain Sunset (5 June 2025)
Overview: Treasure discontinued its proprietary blockchain, reallocating 10M MAGIC tokens from Bridgeworld to Ethereum-based projects.
The migration leverages Ethereum’s security and DeFi ecosystem while focusing development on AI agents (Neurochimp), Smolworld, and marketplace infrastructure.
What this means: Neutral for MAGIC short-term due to migration complexity, but bullish long-term as Ethereum’s liquidity could stabilize token demand. (Source)
3. AI Agent Framework (11 August 2025)
Overview: Treasure launched AI agents on Ronin, allowing NFTs to become autonomous actors in games like Fishing Frenzy.
Agents automate gameplay (e.g., fishing, quests) and serve as crypto research tools linked to OpenSea/Ronin data. Partners include Axie Infinity and CyberKongz.
What this means: Bullish for MAGIC because it deepens NFT utility, incentivizes MAGIC purchases for agent creation, and positions Treasure as a leader in AI-powered GameFi. (Source)
Conclusion
Treasure’s codebase updates reflect a strategic shift toward Ethereum interoperability and AI-driven use cases. While short-term price volatility persists (-79.6% YoY), the integration of gasless swaps, AI agents, and Ethereum’s ecosystem could revive MAGIC’s utility. Will upcoming partnerships with major gaming studios accelerate adoption?