Mango Network

About Mango Network

Mango Network is a Layer 1 blockchain platform, registered in Mahé, Seychelles, and established in 2023. The company is developing a transactional omni-chain infrastructure network designed to address persistent issues in the Web3 space, such as fragmented liquidity and disjointed user experiences across different blockchain ecosystems. Mango Network's architecture supports multiple virtual machines (Multi-VM), notably integrating both the Ethereum Virtual Machine (EVM) and MoveVM. This dual-VM capability allows developers to build and deploy smart contracts from different programming environments on a single, unified chain, enhancing flexibility and compatibility.

The project was initiated in the second half of 2022 with a focus on team formation and architectural design, leading to the company's official founding in 2023. The leadership team includes CEO Benjamin Kittie, a graduate of the National University of Singapore and a former senior analyst at HTX, and CTO David Brouwer, a developer with expertise in Move, Solidity, and Rust who was involved in the early Libra technical community. In February 2025, Mango Network announced it had secured $13.5 million in a funding round with participation from several venture capital firms, including Ainfra Ventures, Kucoin Ventures, and CatcherVC.

The network's business model centers on providing a high-performance infrastructure for decentralized applications (dApps), particularly in sectors like Decentralized Finance (DeFi), GameFi, and SocialFi. It aims to solve the 'blockchain trilemma' by delivering scalability, security, and decentralization. The platform's native utility token, MGO, is integral to the ecosystem. It is used for paying transaction fees (gas), staking by validators to secure the network, participating in on-chain governance, and facilitating cross-chain operations. The total supply of MGO is fixed at 10 billion tokens, which are subject to a seven-year vesting schedule to promote long-term stability.

Mango Network's core product is its Layer 1 blockchain, which employs the Move programming language, known for its resource-oriented model that enhances asset security by design. The platform's technical architecture features a modified Tendermint consensus mechanism and is designed for high throughput, with reported testnet speeds of up to 297,450 transactions per second (TPS). A key feature is the OP-Mango cross-chain communication protocol, which enables seamless asset and data transfers between different blockchains, creating unified liquidity pools and simplifying the user experience. This allows developers to build omni-chain applications that operate across multiple ecosystems from a single codebase. The company's roadmap included a testnet launch in late 2024, with a mainnet launch anticipated by late 2024 or early 2025.