#fogo $FOGO @Fogo Official
FOGO has been on my radar since the mainnet drop. It's not your typical L1—built SVM-style with Firedancer core, aiming for 40ms block times and sub-second finality. Basically trying to give on-chain trading that CEX feel without the custody risk. Ex-Citadel traders behind it, which explains the focus on latency and order books.
Right now sitting ~$0.024, market cap around $93M, circulating ~3.78B out of ~10B total. Volume's been solid (20M+ daily), but price dipped a bit after that early pump—classic post-launch consolidation. 24h up/down choppy, but 7d green around 15-20%.
If they nail the enshrined DEX and get real liquidity providers colocation humming, this could eat into Solana/Sui territory for DeFi traders. Low fees, fast execution—perfect for perps and HFT stuff. Short term, watching $0.022 support; hold that and we might test $0.028-0.03 quick. Longer play feels undervalued if adoption kicks in.
Not shilling, just vibes—feels like early high-perf chain with actual edge.