Frost Giant Physiology: As a Frost Giant, Loki possesses all of the various superhuman attributes common among his people, including superhuman strength, durability, speed, agility, stamina, reflexes, healing, and was extremely long-lived, as well as the ability to manipulate ice.
Ice Manipulation: As a Frost Giant, Frost Giant Loki possesses the ability to create and manipulate ice. The ice can be formed into practically anything he think of, being able to form a wide variety of weapons and tools made of ice. Cold Immunity: Due to his Frost Giant physiology, Frost Giant Loki is immune to cold.
Loki has Asgardian attributes because Odin made him a God, but he is actually a Frost Giant. Adopted as a child by Odin, Loki retains his Frost Giant biology, meaning his strength, durability, and stamina are all slightly higher than Asgardian levels.
The spell was permanent, making it so Loki only reverted to having blue skin when touching a Frost Giant or one of their artifacts. Since Loki's appearance was a spell, not just an illusion, it could not be broken or reversed by Odin's death.
Loki is the god of mischief and one of the most important characters throughout Norse mythology. The son of giants, Loki is actually considered to be a type of Jotunn or giant rather than a member of the Aesir, the ruling class of gods in Norse mythology.
We SOLVED Why Loki Is Not a Frost Giant In the TVA - Marvel Theory
How did Loki become a god if he is a frost giant?
Loki Laufeyson was the biological son of Laufey, King of the Frost Giants, who was abandoned and left to die shortly after his birth. Found by Odin, Loki was taken to Asgard and raised by him and Frigga as an Asgardian prince, along with Thor, becoming the Asgardian God of Mischief.
The reason why Loki does not look like a frost giant is that he was born undersized for a frost giant; he was supposed to be born way bigger than how big he is right now. So he is human sized even though he's a frost giant.
In his exile, Odin apparently thought over all the acts he had done and likely felt remorse over them, as he showed no hostility towards Loki and even noted Frigga would be proud of him. He also admitted that he truly loved both of his sons and expressed remorse for failing to stop Ragnarök.
Ages ago, Odin fought and defeated Laufey and the Frost Giants of Jotunheim in a great war. Abandoned and left for dead as a baby due to his diminutive size, Odin took Loki, son of Laufey, to Asgard to raise him as his son and a prince in order to one day unite the Frost Giants and the Asgards in peace.
Loki was born a Frost Giant and abandoned as an infant by his father Laufey, only to be found by Odin during an invasion of the realm of the Frost Giants in Jotunheim. Odin used magic to change Loki to look like an Asgardian and raised him as a son alongside Odin's biological son, Thor.
In his comic book appearances, Loki is depicted as the Asgardian God of Mischief, a cunning trickster, and a master of Asgardian magic and sorcery. After learning of his true origin as a Frost Giant from Jotunheim, Loki grows jealous of Thor and frequently plots to take the throne of Asgard for himself.
At the end of Thor, Loki knows the truth, and Frigga knows that Loki knows, but at no point does Thor find out the whole truth. In The Avengers, Thor says "He is adopted," so he must have learned the truth sometime between the events depicted onscreen.
In Avengers: Infinity War, even after his own passing, Dr. Strange's enchantment protected the Eye of Agamotto, which contained the Time Stone. Similarly, even after Odin's death, Loki was still under the influence of his father's magic, which prevented any return to his original appearance.
Loki's lack of magical powers in the TVA is a deliberate narrative choice to force him to face his character and responsibilities. The TVA blocks magical powers to protect the Sacred Timeline, and two possible explanations for this are explored.
Loki has changed role and aspect many times, but he is still mostly remembered as Thor's antithesis, his resentful adoptive brother who grew up to hate the God of Thunder. One of the reasons for Loki's bitterness is that Odin always favored his "real" son, Thor, during their childhood.
Now Odin did tell Thor he was stronger then him (Odin) which some interpret as Odin meaning Thor is stronger than Odin cause Thor now has his fathers power plus his own. But we have to remember two things. Odin himself said Mjølnir only channeled Thor's power, Thor just needed to learn to use it naturally.
Laufey was the king of the Frost Giants of Jotunheim, and the biological father of Loki. He was betrayed and killed by his own son while attempting to start a second war between Jotunheim and Asgard by murdering the Asgardian King Odin.
In a fistfight, Hercules. In a fight with weapons, Hercules. In a contest of cunning it's hard to say. Mythological Loki got himself in trouble more than he got himself out of it, and hercules has enough brains to solve several of his labors.
SPOILER ALERT: Loki can literally control time and space. He held an infinite amount of timelines for eternity. Season 2 Loki is arguably one of the most most powerful characters in the MCU, easily comparable to infinity Ultron, the watcher etc. DCEU Superman stands no chance!
From another perspective, while Loki is likely more powerful than Odin due to him literally overseeing everything happening, I would say this power comes at a cost in that Loki won't really benefit from it.
Loki is confirmed to be worthy of lifting Thor's hammer, Mjolnir, for the first time in official Marvel canon. In The Immortal Thor #5, Loki confidently catches and wields the hammer, showcasing his growth and heroism.
Here, holding on to all of the timelines, he became a kind of tree god, physically representing the Norse tree of life, Yggdrasil. It was a poignant and painful ending for Loki, who now seems to be sentenced to being alone for eternity as he watches over the timelines.
