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Magnetic Review 2026: An XRPL DEX Interface for Swaps and Pools

Magnetic is a web interface for trading and tracking tokens, AMM pools and NFTs on the XRP Ledger. It is useful for XRPL traders, but fees and audits are not published.

XRP Ledger

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

6.5/10

Good

Visit Magnetic

Our verdict on Magnetic

6.5/10

Magnetic suits XRPL traders who want swaps, AMM pool stats and token market data in one interface, and who connect their own wallet. Its strength is the detailed token table showing liquidity, holders and traders. The main caveat is that fees, audits and team details are not published on the homepage, and XRPL tokens can be illiquid and risky. Start small and verify tokens before trading.

Score breakdown

How Magnetic scores

Security: n/a
Ease of use: 7.0/10
Fees: n/a
Features: 7.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Magnetic?

Magnetic is a web-based DEX interface for the XRP Ledger. It describes itself as the number one XRPL DEX UI, though no figures on the page back that up. The site combines token swaps, AMM pool data, a market overview and tools for tracking wallets and NFTs.

The homepage centers on a market dashboard. It shows total AMM liquidity, 24-hour volume, top pools and a token table with price, market cap, 24h and 7d changes, liquidity, traders, volume and holders. Navigation includes Swap, Market and a Connect wallet button.

The site title also mentions farming, but the homepage does not explain how farming works. Fees, audits and team details are not published on the homepage, so users should check these before depositing funds.

How Magnetic works

Magnetic works as an interface on top of the XRP Ledger, which has a built-in decentralized exchange and automated market maker (AMM) pools. Instead of an order book run by a company, trades are executed on the ledger from your own wallet.

An AMM pool holds two assets supplied by liquidity providers. When you swap, the pool's price adjusts based on its balances, and providers earn a share of trading fees. Magnetic shows total AMM liquidity, 24-hour volume and the top pools so users can compare them.

The market view lists tokens with price, market cap, liquidity, holders and 24-hour traders. Users connect a wallet to trade, so Magnetic does not describe itself as holding funds for them.

7 features

Key features

Token swaps

A swap page lets users trade tokens on the XRP Ledger directly from a connected wallet.

AMM pool data

The site lists AMM pools with total liquidity, 24-hour volume and a top pools table.

Token market table

A market table shows price, market cap, 24h and 7d change, liquidity, 24h traders, volume and holders for each token.

Trending, gainers, losers

Tabs for trending tokens, gainers and losers help users spot movement across the XRPL market.

Multiple timeframes

Time ranges of one day, one week, one month and one year let users view market trends over different periods.

Wallet and NFT tracking

The site describes tracking and analysis of wallets and NFTs in addition to tokens.

Wallet connection

A connect wallet button handles access, and the interface links to Telegram and X for community updates.

Pros and cons

What we like

Focused on the XRP Ledger, with swaps, pools and market data in one place.
The token table shows liquidity, holders and 24-hour traders, which helps judge how active a token is.
Shows AMM pool liquidity and volume so users can compare pools.
Wallet-based access means you connect your own wallet rather than creating an account.
Trending, gainers and losers views and multiple timeframes make market scanning easy.

Watch out for

Fees are not published on the site pages, so costs are unclear before you trade.
No audit reports or security documentation are mentioned on the homepage.
Many XRPL tokens listed on any DEX are thinly traded, so prices can swing and be easy to manipulate.
Only XRPL is supported, so it is no use if you trade on other chains.
The 'number one' claim is self-reported and not backed by figures shown on the page.
Team, governance and any token details are not stated on the homepage.

Magnetic fees

Magnetic does not publish a fee schedule on its homepage. Users would see the cost of a swap in the trade screen before confirming a transaction.

On any XRPL trade, expect network transaction costs on the ledger, and for AMM pools a pool trading fee set by the pool. Check the quoted amounts and slippage before you sign anything.

Is Magnetic safe?

No audit reports, bug bounty or insurance cover are mentioned on the homepage. Trading from a connected wallet means you keep custody of your assets, but you still carry smart-contract, interface and token risk.

Many tokens on XRPL DEXes are small and illiquid, and some can be scams or rug pulls. Check liquidity, holder counts and the token issuer before trading, and verify the site address before connecting a wallet to avoid phishing copies. A Terms of Service page is linked from the site.

7 steps

How to get started with Magnetic

1
Install or open an XRPL-compatible wallet and fund it with XRP.
2
Open the Magnetic site and review the Terms of Service.
3
Click Connect wallet and approve the connection.
4
Browse the market table or AMM pools to find the token you want.
5
Open the swap page, enter an amount and check the quoted price, fees and slippage.
6
Confirm the transaction in your wallet and check the result in your balance.
7
Start with a small trade until you are comfortable with how it works.

Open Magnetic

Who Magnetic is for

Magnetic is for people already active on the XRP Ledger who want to swap tokens, compare AMM pools and watch the XRPL market from one dashboard. It is less relevant for users who trade on other chains or who want audited, documented protocols with published fee schedules.

Magnetic FAQs

What is Magnetic?

Magnetic is a decentralized exchange interface built for the XRP Ledger. It offers token swaps, AMM pool data, a market overview and NFT and wallet tracking.

Which blockchain does Magnetic support?

The site describes itself as an XRPL interface, so it is built around the XRP Ledger. Other chains are not mentioned on the homepage.

Do I need to connect a wallet to use Magnetic?

Yes, there is a Connect wallet button, and trades are made from a wallet you control. Which wallets are supported is not listed on the homepage.

What fees does Magnetic charge?

Magnetic does not publish a fee schedule on its homepage. Network fees on the XRP Ledger apply, and any pool or interface fees should appear in the swap screen before you confirm.

Can I use Magnetic for AMM pools and farming?

The homepage shows AMM pools with total liquidity, 24-hour volume and a list of top pools. Farming is named in the site title, but how it works is not explained on the homepage.

Is Magnetic safe?

No audit or insurance is mentioned on the homepage. Treat it as unaudited until you can verify otherwise, and only trade with funds you can afford to lose.

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