#fogo $FOGO
The Technology: Speed Without Compromise
Fogo is built on the Solana Virtual Machine (SVM), which allows it to maintain compatibility with Solana-based applications while pushing performance further. Its standout feature is its use of a highly optimized version of the Firedancer client. This allows the network to achieve incredibly fast block times—roughly 40 milliseconds—and handle over 1,200 transactions per second (TPS). This sub-second finality is critical for high-frequency trading, on-chain order books, and real-time auctions.
Tokenomics and Market Status
The native utility token, FOGO, serves four primary functions:
Gas Fees: Powering transactions on the network.
Staking: Securing the network through its Proof-of-Stake consensus.
Governance: Allowing holders to vote on protocol upgrades.
Liquidity: Serving as a base asset for its growing ecosystem of dApps.