These days, it feels like every new L1 is either another EVM clone or someone trying to “move faster than Solana.”
But every once in a while, a project shows up with a different kind of ambition. That’s what FOGO looks like.
This isn’t just a chain that borrows from Solana’s design. It takes Solana’s core — the SVM — and builds it around the most hyped infrastructure upgrade no one’s fully using yet: Firedancer by Jump Crypto.
What is FOGO?
FOGO is a brand-new Layer 1 blockchain built entirely on Firedancer. In case you missed it, Firedancer is a high-performance Solana client built from scratch by Jump Crypto. It’s designed to be faster, more stable, and massively more scalable.
Solana is testing Firedancer.
FOGO? It’s going all-in — Firedancer only.
This isn’t about shaving milliseconds off block time. It’s about building an environment where institutional traders, market makers, and real-time apps can finally take crypto speed seriously.
Who’s Behind It?
FOGO was co-founded by Doug Colkitt (also known for creating Ambient Finance) and Robert Sags, with backing from Douro Labs and support from Jump Crypto.
The cap table includes names like CMS Holdings, Distributed Global, and crypto figures like Cobie and Kain Warwick.
So far, they’ve raised $13.5M across two rounds.