What Spell Token governs
Spell Token (SPELL) is a DeFi protocol governance token, currently ranked 492nd by market capitalization among the assets we track. Spell Token is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Spell Token (SPELL) is the native utility token of the Abracadabra.money platform, which allows users to collateralize their crypto assets to mint Magic Internet Money (MIM). It plays a crucial role in governance and incentivizing participation within the ecosystem.
How value is supposed to accrue
Usage drives everything here: more deposits and more volume mean more fees, and the token's value depends on whether those fees flow back to SPELL rather than evaporating to liquidity providers alone.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Arbitrum Ecosystem, and Avalanche (AVAX) Token.
Where Spell Token sits in the market
With SPELL near $0.00007700, Spell Token carries a market capitalization of $13.06M. Around $866.05K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 6.63% of the float — a healthy level of activity for an asset this size.
About 93% of the hard cap of 210B SPELL has been minted, leaving only modest issuance ahead. SPELL remains -100% beneath its all-time high of $3,527, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, SPELL shows 24-hour -1.33%, 7-day -6.77%, 30-day -7.58%, 1-year -74.27%. Within its stored 365-day daily history, SPELL mounted a low-to-high run of roughly 40% at its strongest stretch.
Volatility profile
Recent action puts Spell Token in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -7.58%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Spell Token
A grounded read on SPELL comes down to three questions:
- Protocol revenue — fees the application actually earns, and whether any of it reaches SPELL holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether SPELL is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
