#fogo $FOGO @Fogo Official Fogo (FOGO) is the native token of Fogo, a specialized Layer 1 blockchain built on the Solana Virtual Machine (SVM). Designed explicitly for decentralized trading and financial applications, Fogo aims to deliver centralized exchange (CEX)-like performance while maintaining full on-chain transparency and self-custody. Launched on January 15, 2026, the project addresses key pain points in DeFi—latency, liquidity fragmentation, and congestion—by integrating cutting-edge technology for ultra-fast execution.b553f7f4dd30
At its core, Fogo uses the Firedancer validator client (developed by Jump Crypto) to achieve sub-40-millisecond block times and sub-second finality—up to 18x faster than Solana in some metrics. Its testnet peaked at over 136,000 TPS. Key innovations include an enshrined Central Limit Order Book (CLOB) at the protocol level for unified liquidity pools, native price oracles provided directly by validators (reducing reliance on external services), and advanced MEV mitigation. These features enable high-frequency trading, perpetual futures, real-world asset (RWA) settlement, and precise liquidations without the delays common on general-purpose chains.decfb4
The FOGO token powers the entire ecosystem. It serves four primary utilities:
Gas fees for transactions, order placement, and smart contract interactions (kept extremely low and predictable).
Staking for network security—validators and delegators earn yields while securing the chain.
Governance—holders vote on upgrades, parameters, and initiatives.
Exchange features—acting as
