One of the core reasons for the missing price data of Mango Network Token is the insufficient coverage of exchanges. Currently, only five platforms such as Bitget are listed, while top tokens like SOL cover an average of 150 exchanges. According to the CoinMarketCap 2024 report, a token needs to be listed on at least eight major exchanges to trigger the real-time data integration protocol; otherwise, 90% of market analysis tools (such as TradingView) will be unable to capture valid quotes. The liquidity bottleneck further exacerbates the problem: The average daily trading volume of MNT is often below 500,000 US dollars. When the density of buy and sell orders is less than 10 per minute, the price update delay rate increases to 30%, resulting in a 15% data blank segment in the K-line. For instance, in Q4 2023, the 24-hour trading volume of MNT on the decentralized exchange Raydium was only $120,000, with a slippage rate as high as 8%, far exceeding the industry average of 3%. The insufficient market depth directly led to price distortion.
The limitations of the technical architecture also restrict data integrity. Although the Mango Network based on Solana claims a TPS of 65,000, its data relay nodes are only configured with 200, which is much lower than the scale of 2,300 nodes of the Chainlink oracle network. When the on-chain load exceeds 70%, the response time for price requests deteriorates from 0.3 seconds to more than 5 seconds, resulting in a failure rate of approximately 20% in price feeding. During the multiple outages of the Solana network in 2023, the loss of MNT price data lasted for up to 48 hours, affecting 80% of DeFi platforms. The imbalance in the budget allocation of the project party is also to blame: only 15% of the resources are used for the development of data apis, while the marketing investment accounts for 60%, resulting in a data interface error frequency of 50 times a day, and the error code involves an accuracy deviation of more than ±3%.
Regulatory compliance risks lead to data source fragmentation. During the wave of lawsuits against cryptocurrency exchanges by the SEC in 2024, 40% of small and medium-sized platforms suspended API services, affecting more than 2,000 assets such as Mango Network Token. The Financial Services Commission of South Korea requires exchanges to submit token audit compliance rates of up to 95%. However, MNT was delist by 12 platforms including Binance KR for failing to submit an updated version of its technical white paper, losing 35% of its traffic sources in the Asian market. On-chain data analytics firm Arkham Intelligence pointed out that such delisting events would reduce the completeness of token data collection by 55% and expand the volatility deviation to 25%. Currently, the display confidence level of mango network token price on CoinGecko is only 78%, significantly lower than the industry standard value of 95%.
The solution is gradually taking shape: The project team plans to integrate the Chainlink oracle in Q1 2025, with the expected data coverage rate to increase to 90% and the error rate to be reduced to within 1%. Historical experience shows that after the Avalanche ecosystem token JOE was integrated into the Pyth Network in 2022, the price update frequency was shortened from 30 seconds to 0.5 seconds, and the liquidity increased by 300%. Market participants can use DEX Aggregators (such as 1inch) to compare price spreads across multiple platforms and automatically calibrate when an abnormal fluctuation of 10% is detected. With the popularity of the modular blockchain Celestia, data availability sampling technology can increase transaction verification efficiency by 400%, building a trusted data network for long-tail assets such as MNT.