An article to understand the highlights of Fogo, a rising star in the SVM race?
January 27, 2025
When Solana returns to its peak, the SVM race has become very vibrant with Eclipse and Sonic in the front, 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 'enterprise-level' 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 said 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 main network is anticipated to launch in the second quarter.
Fogo has begun criticizing the new public chain Monad, stating that it is 'too slow.' According to the white paper, Fogo has three main characteristics:
One, a unified client deployment based on Firedancer: through a high-performance client fully implemented in Firedancer, FOGO can achieve a performance level that other networks (including Solana) cannot reach.
Firedancer is a high-performance Solana-compatible client implementation by Jump Crypto, showing higher transaction processing capability compared to the current validator node client through optimized parallel processing, memory management, and SIMD instructions.
Firedancer has two versions: 'Frankendancer,' a hybrid version that uses the Firedancer processing engine and the Rust validator node network stack; and a complete Firedancer deployment, with a fully rewritten C stack, which is currently in the later stages of development. Both versions maintain compatibility with the Solana protocol, and FOGO will launch the network based on Frankendancer first, then gradually transition to fully Firedancer.