Mango Markets vs Sandglass

Overview

Mango Markets Mango Markets is a decentralized trading and lending protocol on Solana that offers spot trading, perpetual futures, and margin lending with cross-collateralization. It was one of the earliest compreh... Sandglass Sandglass is a yield tokenization protocol on Solana that splits yield-bearing assets into two separate instruments: principal tokens (PT) and yield tokens (YT). By separating the principal from the f...

Community Ratings

Sandglass is rated higher by the MadeOnSol community with 4.8/5 stars across 4 reviews, compared to 4.7/5 for Mango Markets (3 reviews). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Mango Markets uses a free model — No platform fee. Trading fees: maker 0.02%, taker 0.05%. Lending rates are market-driven. Fees go to Mango DAO treasury., while Sandglass is free. Both tools are free, so cost isn't a deciding factor — focus on features and reliability instead.

Key Features

Mango Markets offers 8 features including Spot trading and perpetual futures with on-chain order book, Cross-margin system using entire portfolio as collateral, Lending and borrowing with variable interest rates, and 5 more. Sandglass counters with 5 features including Splits yield-bearing assets into principal tokens (PT) and yield tokens (YT), Fixed-rate yield locking via discounted principal tokens, Leveraged yield trading for amplified yield exposure, and 2 more. The right choice depends on which specific features matter for your use case — check the individual review pages for full breakdowns.

Reliability & Health

We monitor both tools around the clock for uptime, SSL validity, and response times. Mango Markets currently has a healthy health status with 100.0% uptime over the last 30 days. Sandglass is rated healthy with 99.0% uptime. For any tool you trust with your funds, trades, or yield, uptime and speed are non-negotiable.

Strengths

Mango Markets's key strengths include cross-margin system provides excellent capital efficiency for multi-position trading, combined spot, perps, and lending in a single integrated protocol, one of the most established defi protocols on solana.