I didnt plan to look into Fogo tonight and now Im sitting here half awake thinking about another high performance L1 like I dont already have enough charts open
Its SVM based which okay thats actually smart Ill give them that At least theyre not inventing some random VM no one asked for Solanas execution model works Devs know it Tools exist That part makes sense It feels practical Almost boring And boring in infra is kinda good
But then my brain immediately goes yeah cool but we already have Solana
Thats the part I cant shake
If youre building on SVM and pushing performance harder are you competing with Solana or just orbiting it Because competing with Solana is like opening a burger shop next to McDonalds and saying yours is 3 percent juicier Maybe true Still tough
I do like the performance angle though I always respect teams that focus on execution speed and efficiency instead of just narrative farming If theyre actually optimizing validators and throughput properly thats real work Not just TPS screenshots on Twitter
Still Ive seen this before Every cycle its faster chain better design this time its different And sometimes it is different But most of the time liquidity just doesnt show up And without liquidity its just quiet
Thats the thing nobody wants to admit Tech is cool but network effects are brutal Devs go where users are Users go where money is Money goes where hype is Its like trying to start a party in an empty room while the big club next door already has a line outside
And I keep going back and forth in my head Part of me thinks if SVM becomes bigger than just Solana like a whole ecosystem of chains then yeah being early there could matter That could actually be a smart long term positioning Not flashy just strategic
But part of me also thinks maybe this is just another almost better chain And crypto doesnt reward almost It rewards dominance or something radically different Middle ground chains get forgotten Fast
Im also slightly worried about the usual trade offs High performance always sounds amazing until hardware requirements creep up and validators get concentrated and then people pretend its fine Its never fully fine Theres always a compromise somewhere Always
And token economics man That part decides everything If they over incentivize you get mercenary farmers who disappear in six months If they under incentivize nobody shows up in the first place Its like trying to heat a house with the windows open
I dont hate it though Thats the weird part Im not dismissing it It doesnt feel like vaporware It feels intentional Like someone actually sat down and said okay were not reinventing crypto were optimizing what already works
But is that enough
I honestly dont know Ive been wrong before Many times Sometimes the quiet infra plays end up being monsters two years later Sometimes they just fade and you forget you ever researched them at 2am
Right now Im just curious Cautious Slightly intrigued Slightly tired
Maybe Im just exhausted from watching L1 launches for years and I cant tell anymore which ones matter and which ones are just really well designed websites
Anyway I need sleep My brain keeps looping back to the same question and Im not getting closer to an answer