#Fogo An article to understand the highlights of Fogo, a rising star in the SVM race?
January 27, 2025
When Solana returns to its peak period, the SVM race has become very vibrant with Eclipse and Sonic in the lead, followed by SOON and Fogo. Fogo, which recently announced two funding rounds, has over 3,000 angel investors on its list.
What is Fogo?
Fogo is a new SVM chain being developed to provide "institutional-grade" financial services on-chain by combining the performance of traditional finance with decentralized infrastructure.
Fogo is currently in the developer network (devnet) phase and is reported to have achieved over 54,000 transactions per second. The test network is expected to launch in the first quarter of this year and the mainnet is expected to launch in the second quarter.
Fogo has started to criticize the new public chain Monad, saying that it is 'too slow', according to the white paper, Fogo has three main characteristics:
A unified client implementation based on Firedancer: through a high-performance client implemented entirely by Firedancer, FOGO can achieve performance levels that other networks (including Solana) cannot reach.
Firedancer is a high-performance Solana-compatible client implementation by Jump Crypto, demonstrating higher transaction processing capability than the current validator node client through optimized parallel processing, memory management, and SIMD commands.
Firedancer has two versions: 'Frankendancer', a hybrid version, using the processing engine of Firedancer and the network stack of the Rust validator node; and a complete Firedancer implementation, with a fully rewritten C stack, currently in the later development stage. Both versions maintain compatibility with the Solana protocol, FOGO will launch the network based on Frankendancer first, then gradually transition to a fully Firedancer.