UMA vs Multichain vs Magic
Build an ecosystem optimized for your goals while opening up new revenue streams.
Comparison Summary
UMA, Multichain and Magic each address unique challenges in the web3 ecosystem, offering complementary strengths for builders. UMA is a decentralized optimistic oracle that trustlessly records any verifiable data on blockchain to enable secure onchain truth for DeFi and Web3 applications. An open source platform for creating and deploying private blockchains with Bitcoin compatibility. Magic provides enterprise-grade, non-custodial wallet infrastructure and passwordless authentication APIs for seamless Web3 onboarding and wallet management. Together, these tools serve different but overlapping user needs, making them valuable components in a modern web3 development stack.
| At a Glance | |||
| Composability | |||
| Cross-Chain | |||
| Customizability | |||
| Developer Support | |||
| Ease of Integration | |||
| Performance | |||
| Key Features | |||
| Core Capabilities | Bonded Data Proposals, Challenge Period, Voter Rewards | Rapid Deployment, Native Assets and Data Streams, Permission Management | API Wallets with Core and Express APIs, Embedded Wallet SDKs, Multi-chain support, Newton Protocol |
| Chain Support | — | +19 | +32 |
| Best For | DeFi Developers, Infrastructure Developers | Infrastructure Developers, Enterprise Blockchain Teams | Infrastructure Developers, DeFi Developers |
| Pricing | |||
| Free Tier | Free | Open Source | Free |
| Paid Features | — | — | 1 paid tiers |
| Custom Plans | — | — | Enterprise plans |
Add a related tool
Related Tools
Explore web3 competitors and apps like UMA.
