The FOGO ecosystem is showing impressive staking growth in its early phase. Currently, more than 160M FOGO tokens are locked, representing around 1.6 percent of the total genesis supply. This indicates strong confidence from early adopters and long term holders.
In the past week alone, over 1,360 new stakers joined, and weekly TVL growth reached 39.2 percent. In the DeFi industry, double digit weekly TVL growth is considered strong, and nearly 40 percent growth is a very bullish signal for any new protocol.
For real world context, when major protocols like Ethereum staking or large DeFi platforms see rapid TVL growth, it often leads to higher token demand and increased ecosystem activity. In the case of FOGO, higher staking means lower circulating supply, which can help improve price stability over time.
This early data suggests that the community believes in the long term vision of FOGO. With more campaigns and incentives in the future, the staking ratio could increase further, making the ecosystem more secure and scalable.
Overall, FOGO staking metrics reflect early bullish sentiment, although market risks should always be considered.
