Magnonic devices run exclusively on spin currents. (Spintronic devices, another electronics alternative, include both charge and spin currents.) To picture a magnon, imagine a row of spins pointing up, representing a magnetic material, and then imagine briefly flipping the spin at one end. This motion leads to a propagating wave that moves through the material as each spin influences its neighbor. Magnons can travel quickly and efficiently over long distances—up to about a centimeter in the best materials—without significantly losing energy or heating up the material, a feat not possible for electrons. But before building fast and efficient magnonic circuits, researchers need components that can regulate magnon currents.
I know I have been repeating this over and over again, but this is another example where basic research in condensed matter/solid state physics is now finding application in modern electronics.