FOGO is a high-performance L1 public chain that just launched in January 2026, focusing on 'transaction-specific'. It sacrifices some degree of global decentralization for speed comparable to CEX, achieving a block time of <40ms, 1.3 seconds finality, with a testnet TPS exceeding 130,000, aiming to enable high-frequency trading (HFT) to run natively on-chain.
Core Architecture: SVM + pure Firedancer client, fully compatible with the Solana ecosystem tools; innovative multi-local consensus, with verification nodes concentrated near trading centers like Tokyo/New York to reduce latency.
· Financing and Attitude: Cumulative $13.5 million (Distributed Global, Cobie Echo platform, etc.); proactively canceled a $20 million pre-sale with a valuation of $1 billion before the mainnet, changing 2% of the quota to airdrops to improve community reputation.
· Token Economics: Total supply of 10 billion coins, nearly 40% circulating at TGE (including airdrops, foundation); institutional and team lock-up for at least 1 year; 2% has been permanently destroyed.
· Team Background: Former Citadel quantitative trader Doug Colkitt (founder of Ambient Finance) + former Jump Crypto executive Robert Sagurton, representing the 'old money that understands trading' getting involved in blockchain.
· Current Status: The mainnet is live, with over 10 native DApps (Valiant, Fogolend, etc.); FOGO has been listed on top exchanges like Binance and OKX (with Seed Tag warning), circulating market cap of about $200 million.
Killer Features: 'No SOL Gas' and 'Sessions Standard' are very practical—future mining fees can be paid with SPL tokens like TRUMP, and one signature authorization can exempt Gas for one-click transactions, completely bidding farewell to signature pop-up fatigue.
Risk Warning: The pure Firedancer mainnet has not been tested under extreme load; nearly 40% of the TGE circulating supply faces selling pressure; the L1 track is crowded, belonging to a clear red ocean.#fogo @Fogo Official $FOGO
