Mango Markets, the popular Solana trading platform has returned, much to the pleasure of Solana degens, with a revamped DEX after recovering from their exploit.

Create a dashboard that shows key KPI metrics and how growth from the launch has gone.

Are old users returning to Mango or is it mainly new wallets?

Where does liquidity seem to be flowing from onto the exchange?

Are whales trading and providing liquidity on the exchange or is it mainly retail right now?

How does Mango trading activity compare to other perp trading platforms like Drift and Zeta. What is the crossover in their userbase?

Mango Markets is a decentralized exchange built on the Solana blockchain that enables users to trade cryptocurrency in a secure and reliable environment. The platform provides access to a variety of digital assets, including Bitcoin, Ethereum, and many other altcoins. The exchange offers a wide range of features, including a decentralized order book, low latency, and an intuitive user interface. By leveraging the Solana blockchain, Mango Markets is able to provide users with a fast, secure, and cost-efficient platform to trade.

The Mango Markets exploit on the Solana blockchain has become a major issue for users of the blockchain. The exploit allowed malicious actors to manipulate the market by creating a large number of orders in order to inflate the market prices. This resulted in market prices becoming artificially high, leading to large losses for unsuspecting users.

The exploit was discovered after a number of users reported strange market activity that appeared to be caused by an unknown entity.

The emergence of new mango markets on the Solana blockchain after the exploit is likely to be a positive development. This is because the exploit could potentially open up the blockchain to new users who are interested in trading mangoes. It could also provide more liquidity to the mango markets, allowing for more efficient trading of mangoes. Additionally, new mango markets could open up opportunities for mango farmers to better monetize their crops.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the activity of the Mango Market V4 program on the Solana ecosystem has been determined. The activity of this program is investigated based on the count of interactions, active users, and attraction of new users.

• The activity of $MNGO token is investigated through various aspects like price, inflow/outflow to CEXs and trade analysis.

• The liquidity flow into the new Mango Market program is investigated based on the popular assets, volume in USD, and participation of Whales.

Note: Whales are considered users that sent more than 100k USD into the Mango Market V4 program.

• The behavior of the active users on the new Mango Market is investigated in the next section of this analysis. The most powerful metrics for this section are user distribution based on the count of interactions, age of wallets and active days on the program. Furthermore, the popular sectors, programs and NFT collections among new Mango Market users are determined too.

• Finally, the comparison between Mango Market V4 with Zeta and Drift programs is in the last section. The comparison is made by the use of interaction and volume of liquidity points of view. Furthermore, the crossover between these programs is executed based on the users count.