Mango update: MNGO Live price, price chart, news and markets

The MNGO price update as of now is $0.02472. In the previous 24 hours, its trading volume was $37,462, and its value has decreased by -7.85%. As of now, MNGO's live market cap is $28,117,092, and it is ranked as the #3318 on the Coincu. MNGO has a circulating supply of 1,137,596,193 and a maximum supply of 1,137,596,193.

The Revolutionary Mango Markets: A Revolutionary Cross-Margin Trading Platform Mango Markets is a groundbreaking cross-margin trading platform that operates on the Solana blockchain. It provides a fully on-chain experience for margin trading, borrowing, lending markets, and perpetual futures, all within a single decentralized application. Unveiling the Origins of Mango Markets Mango Markets is at the forefront of developing a non-custodial, decentralized exchange exclusively for derivatives trading. The platform's goal is to create a seamless experience for both makers and takers by enabling spot, margin, and perpetuals trading, as well as collateralized loans, all within a unified platform. By harnessing the high throughput and fast transaction speeds of Solana, Mango Markets achieves sub-second finality. Additionally, the platform leverages Serum, the pioneering on-chain central limit order book in the blockchain industry, to ensure deep liquidity and efficient execution. These innovations empower Mango Markets to offer a wide range of sophisticated order types, up to 5x leverage on spot margin markets, 10x leverage on perpetual futures, and an enhanced user experience. The protocol was established in March 2021 by Daffy Durairaj and Max Schneider, visionaries who recognized the necessity for derivatives markets and borrowing/lending infrastructure within Solana's blossoming DeFi ecosystem. During the alpha testing phase in March, Mango Markets introduced BTC and ETH perpetuals, with USDT serving as the platform's preferred stablecoin. Since then, Mango Markets has enriched its offerings to encompass various perpetual markets and established USDC as the primary quote asset. Prominent markets on the platform include SOL, SRM, MNGO, RAY, ADA, FTT, COPE, and the recently added mSOL, Solana's leading liquid staking token. Embarking on a Journey to Discover Mango Markets' Features Mango Markets presents users with an array of features: - Trade: By tapping into liquidity from Serum's central limit order book (CLOB), traders can perform cross trades and engage in spot margin markets with leverage of up to 5x. Additionally, users can participate in perpetual futures markets with leverage of up to 20x. - Swap: Mango Markets seamlessly integrates with the Jupiter exchange aggregator, granting users access to the most favorable token swap prices across all Solana dApps without leaving the platform. - Borrow: Users have the opportunity to acquire fully-collateralized loans against their deposited assets. The interest rates for borrowers vary based on pool utilization. To obtain further information about Mango Markets, please click here.