FOGO is the native token of Fogo, a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM) and powered by Firedancer architecture. Designed for ultra-low latency trading, the network targets ~40 millisecond block times with near sub-second finality, positioning itself as decentralized infrastructure capable of delivering exchange-like speed without sacrificing on-chain transparency. Since its mainnet launch in January 2026, FOGO has focused on execution fairness, validator efficiency, and scalable DeFi rails tailored for real-time trading environments rather than speculative hype cycles.
As of mid-February 2026, FOGO trades between $0.0229 and $0.0236, with recent 24-hour highs near $0.0244 and lows around $0.0211. Market capitalization fluctuates between $85 million and $89 million, while daily trading volume ranges from $15 million to $30 million — a strong liquidity ratio relative to its size. Circulating supply stands near 3.77 billion tokens out of a roughly 10 billion total cap, placing it around the #250–300 range by market value. Despite pulling back more than 60% from its early-year high near $0.06, price action shows recovery from the $0.020 base with higher lows forming on short-term charts, supported by volume spikes and ecosystem engagement.
#Narrative momentum centers on infrastructure reliability and incentive mechanics, particularly Flames Season 2 rewards and staking participation. Short-term projections suggest upside toward $0.025–$0.030 if resistance near $0.024–$0.027 clears convincingly, while downside risk remains around $0.020–$0.021 in broader market weakness. For 2026, forecast models range between $0.020 and $0.048 depending on adoption metrics and token emission schedules. Longer-term bullish cases stretch toward $0.05–$0.14+ if FOGO captures meaningful DeFi trading share. Ultimately, sustained on-chain volume, developer growth, and ecosystem retention will determine whether FOGO transitions from early accumulation to structural expansion.
