#fogo $FOGO **$FOGO: High-Performance L1 for On-Chain Trading**

$FOGO powers Fogo, a cutting-edge Layer 1 blockchain optimized for decentralized finance and high-frequency trading. Built on the Solana Virtual Machine (SVM) with pure Firedancer optimizations, Fogo delivers sub-40ms block times and ~1.3-second finality—outpacing many rivals in speed for on-chain CLOBs, limit orders, and low-slippage execution. It targets CEX-level performance without centralization trade-offs, enabling true DeFi with fair matching, reduced MEV, and gas-efficient sessions.

Developed by alumni from Jump Trading, Pyth, Citadel, and JPMorgan, Fogo focuses on institutional-grade infrastructure. It supports real-time dApps, staking, lending, and perpetuals, with consensus nodes positioned for minimal global latency (e.g., Tokyo hubs). The ecosystem includes DEXs like Valiant and lending protocols, plus growing on-chain activity post-mainnet.

token drives utilities:

- Gas for transactions and contracts.

- Staking for network security and rewards.

- Governance on upgrades and parameters.

- Incentives via programs like Fogo Flames points (e.g., Season 2 with 200M rewards).

Tokenomics feature a ~10 billion total supply (9.95B–10B reported), with circulating supply around 3.77–3.8 billion (~38%). Early funding included a $7M strategic round, with Binance launchpad involvement.

As of mid-February 2026 (around Feb 14), trades at approximately $0.022–$0.023 USD, up ~6–9% in the last 24 hours amid rebound momentum. Market cap hovers at $85–86M (rank ~#260–#300), with 24h volume $23–31M showing solid liquidity. ATH reached ~$0.063 in mid-January post-mainnet/TGE (Jan 13–15, 2026), but it corrected sharply due to airdrop unlocks, selling pressure, and broader market sentiment—down over 60% from peak. Recent action shows recovery from ~$0.020 lows, with traders eyeing $0.025–$0.030 targets if momentum holds.

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