Latest news, Binance Alpha will debut Mango Network (MGO) on June 24, 2025, with the specific opening time to be announced tomorrow through official channels.
Mango Network is a multi-virtual machine Layer-1 blockchain, positioned as the hosting network for MangoOS in the Solana ecosystem. In February 2025, it completed a Series B financing of $13.5 million, led by KuCoin Ventures, with 8 institutions including CatcherVC, Connectico Capital, and T-Fund participating, endorsing its technical team's strong capabilities in DeFi and multi-chain interoperability. The total supply of MGO is 10 billion, of which 10% (1 billion) is allocated for testnet and mainnet airdrops: 5% for testnet airdrop and 5% for mainnet airdrop, indicating that the MGO quantity corresponding to the Alpha airdrop is relatively abundant.
Mango Network is positioned in the 'multi-virtual machine' Layer-1 track, compatible with Solana's native ecosystem and Ethereum EVM, providing developers with dual assurances of performance and flexibility. In the current context where on-chain applications are increasingly sensitive to transaction speed and costs, Mango's high throughput and extremely low fees can effectively attract DeFi protocols, NFT platforms, and blockchain game projects to deploy, thereby creating actual demand for MGO tokens. The Solana community itself already has a large user and liquidity base, and Mango enhances ecosystem interoperability by supporting multiple VMs, reducing cross-chain migration and compatibility costs.
In comparison, there are also competitors like Sui, Aptos, and Polkadot in the track, each having its own advantages in positioning and governance models. However, the differentiation of Mango Network lies in the fact that it is not a singular new chain, but a combination of 'bridge' and 'chain': it can carry high-performance applications from Solana while seamlessly accommodating existing projects on Ethereum. As more and more teams wish to quickly launch on high-performance networks and maintain interaction with the Ethereum ecosystem, Mango's cross-chain bridge and SDK toolkit will become its core competitiveness.
In terms of potential returns on the launch day, MGO has three driving factors. First, backed by the validated Mango market and multi-VM architecture, it has attracted the attention of heavy DeFi users and Layer-1 enthusiasts; second, the $13.5 million financing scale and backing from well-known VCs have boosted market confidence; third, the large airdrop amount, while causing some dilution, also means that more users can enter at a very low cost, which can easily lead to selling pressure and alternating buying pressure after the launch, driving short-term price fluctuations. Overall, the launch premium for MGO is likely to be at a moderate level: not as extreme as the emotionally driven DMC, but slightly better than the longer technical track of SAHARA; compared to Humanity Protocol, it relies more on the immediate sentiment of the DeFi community rather than long-term verification scenarios.
In the next 3 days, Alpha will have four new releases! DYOR, good luck.