Mango Network

MGO Price

About Mango Network (MGO)

Mango Network is a Layer 1 blockchain designed as a transaction-based omni-chain infrastructure network. It leverages a modular architecture and the Move programming language to provide a high-performance environment for decentralized applications and cross-chain liquidity.

• Built on the Move language, prioritizing asset security through resource-oriented programming and formal validation.
• Features a modular design that separates consensus, execution, and data availability to achieve horizontal scalability.
• Supports Multi-VM interoperability, including MoveVM, EVM, and SVM environments, for a comprehensive omni-chain experience.

What Is Mango Network

Mango Network is an omni-chain infrastructure network that aims to solve the problem of liquidity and user experience fragmentation across different blockchains. Positioned as a "one-stop liquidity service network," it allows for the seamless transfer of tokens, NFTs, and data between heterogeneous Layer 1 and Layer 2 public chains. By utilizing main-chain contracts and modular remote access modules, Mango Network creates a unified execution and settlement layer, enabling developers to build applications that function across the entire blockchain ecosystem without requiring frequent manual cross-chain transfers.

What Makes Mango Network Unique

• Multi-VM Architecture: Integrates the core advantages of the Move language with compatibility for the Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM).
• High Performance: Achieves high throughput with a reported 297,450 transactions per second (TPS) on its development network and sub-second finality of approximately 380ms.
• Modular Infrastructure: Decomposes blockchain functions into multiple independent layers, allowing for efficient bootstrapping of new chains and scalable growth without sacrificing security.
• Unified State Records: Unlike traditional cross-chain protocols, Mango’s full-chain applications maintain a unified state on the Mango main chain, allowing liquidity to be inherited across all connected networks.

What Can You Use Mango Network for?

As the native asset of the Mango Network ecosystem, the MGO token serves several critical functions:

• Gas Fees: MGO is used to pay for transaction fees on the Mango Layer 1 blockchain.
• Staking and Security: Users can stake MGO tokens to participate in the network's Delegated Proof of Stake consensus mechanism, helping to secure the blockchain while earning rewards.
• DeFi Utility: MGO acts as a primary asset within the Smart Contract Platform ecosystem's decentralized finance (DeFi) protocols, such as BeingDex, where it can be used for liquidity provisioning, lending, and collateralization.
• Governance: Token holders may participate in the decision-making process for the MangoNet Foundation, influencing the future development and grants of the network.

How Does Mango Network Work?

Mango Network operates using the Move programming language, which treats digital assets as "Resources" that cannot be duplicated or accidentally deleted, providing a higher level of security than traditional smart contract languages. The network employs a Delegated Proof of Stake consensus mechanism combined with a modular architecture that separates the execution layer from the settlement and data availability layers. This allows for parallel transaction processing and horizontal scaling, ensuring that the network can handle high volumes of activity without significant increases in latency or cost. The infrastructure also incorporates zero-knowledge proofs for privacy and IPFS for distributed storage.

Team Info and Investors

Mango Network is developed by MangoNet Labs, a technology company focused on building Web3 infrastructure. The project is supported by the MangoNet Foundation, which manages ecosystem grants and community development. The team aims to help one billion users transition to Web3 applications through secure and modular infrastructure. While the source material does not list specific venture capital firms, the project maintains an open-source repository on GitHub and an active community presence on Discord and Telegram.

Where can you buy Mango Network?

MGO tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Mango Network is Bitget, where the most active trading pair MGO/USDT has a trading volume of $162,170.64 in the last 24 hours. Other popular options include Gate and MEXC.

What is the daily trading volume of Mango Network (MGO)?

The trading volume of Mango Network (MGO) is $547,111.04 in the last 24 hours, representing a -13.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Mango Network (MGO)?

Mango Network (MGO) reached an all-time high of $0.03417 and an all-time low of $0.009348. It’s now trading -70.80% below that peak and 6.90% above its lowest price.

What is the market cap of Mango Network (MGO)?

Market capitalization of Mango Network (MGO) is $15,879,873 and is ranked #912 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MGO tokens (1.6 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Mango Network (MGO)?

The fully diluted valuation (FDV) of Mango Network (MGO) is $99,873,413. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion MGO tokens are in circulation today. Depending on how the emission schedule of MGO tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Mango Network compare against its peers?

With a price increase of 1.00% in the last 7 days, Mango Network (MGO) is outperforming the global cryptocurrency market which is down -4.60%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -5.30%.

How to add Mango Network (MGO) to MetaMask?

Adding Mango Network (MGO) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MGO as a token. You can copy MGO’s contract address (0x5e0d6791edbeeba6a14d1d38e2b8233257118eb1) and import it manually, or if you've installed MetaMask's chrome extension, add MGO to MetaMask with one click on CoinGecko.

Add MGO to MetaMask.