Everyone’s chasing narratives.

The real edge lives in market microstructure.

Execution speed. Liquidity depth. Spread compression. Order flow efficiency.

In volatile environments, it’s not the loudest ecosystem that wins, it’s the one where trades settle closest to intent. Slippage is a hidden tax. Latency is silent alpha leakage. Most traders don’t notice it… professionals build around it.

Capital flows to where friction is lowest.
#fogo $FOGO @Fogo Official