Fogo (ticker: $FOGO) is a next-generation Layer-1 blockchain project designed primarily for high-speed decentralized finance (DeFi) and trading applications. It aims to solve one of the biggest challenges in blockchain technology: latency. In many existing networks, transaction confirmation and execution delays can create inefficiencies, especially for trading platforms that require real-time order matching and instant finality. Fogo was built with the vision of delivering extremely fast block times and smooth execution for financial applications that demand high performance.
One of Fogo’s main technical foundations is its compatibility with the Solana Virtual Machine (SVM). This means developers who are already familiar with building on Solana can easily deploy or migrate their applications to Fogo. By using SVM compatibility, Fogo benefits from an existing ecosystem of developer tools while introducing optimizations aimed at improving speed and execution reliability. The network focuses on millisecond-level block production, enabling faster transaction processing compared to many traditional Layer-1 blockchains.