$FOGO Fogo is a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM) specifically optimized for decentralized trading and financial applications. It utilizes the Firedancer validator client to deliver low-latency, near-instant finality, aiming to bridge the gap between centralized and decentralized exchange performance.
Purpose-Built for Trading: Fogo is designed for high-frequency trading, featuring an "enshrined" limit order book and native, built-in price feeds.
Technical Architecture: It is an SVM-based chain, allowing for compatibility with existing Solana tools while focusing on specialized, vertical integration for maximum efficiency.
FOGO Token: The native utility asset is used for transaction gas fees, network staking security, and governance.
Performance: The network is engineered for high throughput and reduced latency, targeting block times as fast as 40 milliseconds. #fogo
Fogo aims to provide a competitive, high-speed, and secure, yet decentralized, environment for traders, often highlighting, through sources like Binance, that it is designed specifically for financial applications rather than general-purpose use cases Designed by former Wall Street traders to solve infrastructure bottlenecks for high-frequency, real-time financial applications. @Fogo Official