Mango

Mango is a decentralized finance application built on the Solana blockchain that offers spot trading, margin trading with up to 10x leverage, and perpetual futures markets. It is designed for traders who want access to advanced financial instruments without relying on a centralized exchange. The platform aims to address the limited composability and counterparty risk of traditional crypto trading venues by running its markets through on-chain smart contracts governed by a decentralized autonomous organization.

Mango Markets operates on Solana, which handles transaction settlement at the network level; the application itself does not run its own consensus mechanism. The MNGO token functions as a governance token, giving holders voting rights over protocol decisions through the DAO. Liquidity is drawn from multiple sources to support its perpetual and spot markets, and the current fundamental basis recorded in this dataset is the Mango Markets V4 Perps deployment.

The data stored here does not include a fee revenue figure for Mango Markets, so fee-based valuation measures cannot be calculated from what this site holds. What is recorded is a total value locked of 14,795.77 USD at the point of measurement, producing a market-cap-to-TVL ratio of 2,355.62 and a fully diluted value-to-TVL ratio of 10,539.99, both of which reflect how the market capitalization and total token value compare to the assets currently deposited in the protocol. TVL fell by approximately 1.7 percent over the trailing seven days. The circulating supply of roughly 1.117 billion MNGO represents only 22.35 percent of the 5 billion maximum supply, meaning a dilution overhang of 347.44 percent of current circulating supply remains to be issued.