#fogo $FOGO
Fogo is building a high-performance L1 powered by the Solana Virtual Machine, designed for speed. In the snapshot today, we’re comparing ecosystem TVL to see where momentum is forming. DEX activity leads with 120M, lending has pushed to 180M, perps are close behind at 160M, and wallets sit at 80M. These figures are illustrative, but the message is real: liquidity follows venues that feel fast, reliable, and simple.
TVL is only the first layer. We also watch daily active wallets, transaction success, and whether staking participation stays strong as the network grows. When people choose to stake and keep staking, it says they believe the chain will matter tomorrow.
What we watch next is not hype, it’s behavior. If volumes and active users rise alongside TVL, it suggests real demand rather than short-term incentives. If fees stay low while priority demand appears during congestion, it shows the network can handle pressure without breaking the experience. If new apps keep launching, the flywheel strengthens: more products bring more flow, more flow brings more liquidity, and more liquidity attracts the next builder.
Early networks are risky, but when performance and usage climb together, it’s a signal worth respecting.