Fogo ($FOGO) is a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM) and optimized for high-frequency decentralized trading.
Here is the 2-line summary you requested:
Technology: It uses the "Firedancer" client to achieve ultra-low 40ms block times, making it one of the fastest networks for institutional-grade DeFi and on-chain order books.
Token Utility: The $FOGO token is the native asset used for gas fees, staking security, and governance, having officially launched on major exchanges like Binance in January 2026.
