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#fogo $FOGO
Fogo is an emerging Layer 1 (L1) blockchain built on the Solana Virtual Machine (SVM), designed specifically for high-speed decentralized trading, DeFi, and real-time financial applications. Launched in January 2026, it aims to bridge the gap between traditional finance (TradFi) and on-chain ecosystems by offering sub-40ms block times, low latency, and fair execution mechanisms. The native $FOGO token serves as the utility asset for gas fees, staking, governance, and network security. With a current market cap of around $80M and a fully diluted valuation (FDV) of $210M, $FOGO presents a high-risk, high-reward opportunity in the competitive L1
Fogo is an emerging Layer 1 (L1) blockchain built on the Solana Virtual Machine (SVM), designed specifically for high-speed decentralized trading, DeFi, and real-time financial applications. Launched in January 2026, it aims to bridge the gap between traditional finance (TradFi) and on-chain ecosystems by offering sub-40ms block times, low latency, and fair execution mechanisms. The native $FOGO token serves as the utility asset for gas fees, staking, governance, and network security. With a current market cap of around $80M and a fully diluted valuation (FDV) of $210M, $FOGO presents a high-risk, high-reward opportunity in the competitive L1
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