Mango Network Aims to Unify DeFi Liquidity with Multi-VM Architecture

Mango Network, a newly launched Layer 1 blockchain, is attempting to address the longstanding issue of fragmented liquidity in decentralized finance (DeFi). The platform supports multiple virtual machines (VMs), including Ethereum’s EVM, Solana’s SVM, and Facebook’s MoveVM, within a single network. This Multi-VM architecture aims to connect apps and users from different blockchain communities without the need for risky third-party tools, thereby enabling assets to move freely and process transactions at high speeds while maintaining security.

Mango Network's approach to solving fragmented liquidity involves creating a unified platform where developers can build apps using their preferred tools and users can interact with these products through a single account and ecosystem. This eliminates the need for users to set up different wallets, learn new interfaces, and pay extra fees each time they move money around. Developers, on the other hand, can avoid the complexity and cost of maintaining multiple versions of the same application across different chains.

The platform's communication protocol, built on OPStack (OP-Mango), syncs all the VMs and ensures data and events are correctly passed between them. This allows for faster, smoother, and more secure cross-chain interactions. Additionally, Mango's unified liquidity pools across all VMs enable assets deposited into one protocol to be used instantly by another, regardless of the language or VM the apps are built for. This eliminates the need for wrapping, copying, or bridging tokens, making the process more reliable and user-friendly.

Mango Network claims to handle more than 297,000 transactions per second due to its high-speed performance. The network processed over 120 million on-chain interactions in just a few weeks during its testnet campaign, demonstrating its potential to support thousands of decentralized apps and millions of users without congestion or delays. However, the true test of Mango's capabilities will come after its Token Generation Event (TGE) and mainnet launch, when real users, assets, and market demand begin to flood the chain.

While some followers believe Mango Network could open up access to liquidity and make DeFi more connected and useful to a wider array of people, critics worry about the system's complexity, newness, and potential instability. The platform's ability to deliver on its promises of sub-second speeds, high transaction throughput, and security without compromising reliability or developer experience remains to be seen. If successful, Mango Network could set a new benchmark for performance in DeFi infrastructure.