$FOGO KNOWS? @Fogo Official
Overview of FOGO CryptocurrencyFOGO is a next-generation Layer 1 blockchain designed to optimize on-chain trading experiences. It features low latency, near-instant finality, and high scalability through a vertically integrated tech stack, including a curated validator set, native price feeds, an enshrined decentralized exchange (DEX), and colocated liquidity providers. The project aims to address common issues in DeFi such as MEV bots, failed transactions, and poor user experience. Launched in early 2026, FOGO has gained traction with features like session-based DeFi interactions that eliminate repeated approvals, making it appealing for traders and developers.
Tokenomics play a crucial role in FOGO's ecosystem. The total supply is approximately 9.94 billion tokens, with a circulating supply of about 3.77 billion. This results in a fully diluted valuation (FDV) of around $245 million. The token is used for governance, ecosystem rewards, and transaction fees, emphasizing utility and sustainable growth in Web3. However, the high total supply and upcoming unlocks (as hinted in community discussions) could introduce selling pressure if adoption doesn't keep pace.