Fogo ($FOGO) is a cryptocurrency token that is the native token of the Fogo blockchain, which is a high-performance Layer 1 blockchain built to support very fast decentralized finance (DeFi) trading and on-chain applications. It operates similarly to how ETH is used on Ethereum, but on a blockchain designed for ultra-low latency and fast transaction finality (very quick confirmations).
Blockchain system: Fogo is its own Layer 1 blockchain that runs on the Solana Virtual Machine (SVM) — meaning it’s compatible with the tools and apps made for Solana.
High-speed focus: It’s designed to be very fast with block times around ~40 milliseconds and quick finality (~1.3 seconds), making it good for real-time trading and DeFi (decentralized finance).