Mango

Mango (MNGO) is the governance token of Mango Markets, a decentralized trading platform built on the Solana blockchain. Mango Markets targets traders who want access to margin trading with up to 10x leverage, spot markets, and perpetual futures contracts without relying on a centralized exchange. The platform addresses the problem of fragmented liquidity and limited financial instruments in decentralized finance by combining multiple liquidity sources in one place.

Mango Markets operates as a smart-contract application on Solana, inheriting Solana's proof-of-history consensus rather than running its own. The MNGO token functions primarily as a governance instrument, allowing holders to participate in the Decentralized Autonomous Organization that makes decisions about protocol parameters and upgrades. Token holders vote on proposals that shape how the platform operates, and the protocol's trading activity — margin positions, spot trades, and perpetual contracts — settles on-chain through Solana's infrastructure.

The data stored for this asset does not include a fee revenue figure, so no fee-based yield or earnings measures can be derived from what is presented here. The protocol's total value locked stands at approximately 14,991.78 USD at the point of measurement, a figure that rose roughly 4.4 percent over the trailing seven days. Against that TVL, the market-cap-to-TVL ratio is 2,360.41 and the fully diluted value-to-TVL ratio is 10,561.43, both point-in-time figures that reflect how much capital the market ascribes to the protocol relative to the assets it currently holds.