Mango Network Integrates EVM, SVM, and MoveVM to Tackle DeFi’s Liquidity Woes

* Mango Network runs EVM, SVM, and MoveVM on a single system. * Claims high-speed transaction performance on its testnet. On June 24, 2025, CryptoRank reported that Mango Network is tackling DeFi's fragmented liquidity issue; on the same day, Cryptopolitan also covered this development. The network addresses this challenge with its innovative multi-VM blockchain, integrating Ethereum's EVM, Solana's SVM, and MoveVM. This system is designed to enable seamless interactions across different decentralized applications. While the testnet demonstrated high performance, challenges remain as the network moves towards its mainnet launch and broader adoption. Mango Network focuses on solving the fragmented liquidity problem prevalent in the DeFi space, an issue primarily caused by isolated blockchains. These isolated systems increase user costs, require developers to duplicate efforts, and consequently diminish capital efficiency. Mango Network's solution involves a multi-VM architecture that enables developers to use their preferred tools and allows users to interact with various applications through a single account, thereby eliminating the need for complex third-party bridges. This approach includes: * Unified Platform: Developers can build using different VMs, and users can access these applications seamlessly. * Cross-VM Communication: The system uses a protocol built on OPStack (OP-Mango), which synchronizes data and events across different VMs, enabling secure and efficient cross-chain interactions. * Shared Global State: All VMs read from and write to the same underlying ledger, removing the need to sync data across different parts of the chain. * Native Token Movement: Tokens can move freely within the network using a standardized format and do not require wrapping or bridging. * Unified Liquidity Pools: Assets deposited in one protocol can be used by another, even if applications are built for different VMs. This creates larger, more flexible capital pools. The testnet achieved high performance, with Mango Network claiming it handled over 297,000 transactions per second (TPS) with sub-second finality. Furthermore, during its testnet campaign, Mango Network processed over 120 million on-chain interactions across more than 500,000 wallet addresses. The network's parallel execution engine, which leverages MoveVM and Solana's SVM, contributed to this high throughput. However, Mango Network faces several challenges. For instance, the system's complexity and newness might introduce instability as it grows. Critics also express concerns that testnet performance does not always reflect real-world conditions, where factors like malicious behavior and unexpected user spikes can occur. Additionally, while the architecture aims to enhance security, the inherent complexity of a multi-VM system could introduce new vulnerabilities. Developer adoption presents another hurdle, as the MoveVM ecosystem is still in its early stages, and attracting developers will necessitate significant investment. In February 2025, Mango Network raised $13.5 million in Series B funding, which supports security audits, ecosystem development, and developer onboarding. The company also conducted an airdrop of 5% of its MGO token supply to early adopters and testnet participants. Meanwhile, observers anticipate the mainnet launch and Token Generation Event (TGE), with some sources mentioning a potential timeframe in Q1 or Q2 2025 for these events. If Mango Network succeeds in delivering on its promises of high throughput, low latency, and robust security, it could set a new standard for DeFi infrastructure. Conversely, should the network fail to meet these expectations, it might need to adjust its ambitions. According to CoinMarketCap, on June 24 at 12:00 UTC, Mango Network’s MGO token traded at $0.85, and its 24-hour trading volume had increased by 4.2%.